The SoftBank boss could throw another $25 billion into the artificial intelligence company, according to a Financial Times report on Thursday. Click to read.
Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.
and SoftBank CEO Masayoshi Son, who said the investment would start with $100 billion, plus a goal of $500 billion over the course of four years. Son said Abu Dhabi–based investment partner MGX would be involved, along with tech juggernauts Nvidia and ...
The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
“I am Masayoshi Son, and SoftBank is not a bank ... billion in more than 250 companies in the U.S. These include Uber, Nvidia, Sprint, OpenAI (developer of ChatGPT) and a host of start ...
Masayoshi Son, the Japanese tycoon helming US President Donald ... Son wants Arm to compete with the likes Nvidia -- the two are currently partners -- and make chips for AI processes. Son promised SoftBank would invest $50 billion in the United States ...
Shares of SoftBank Group Corp. jumped as much as 8.1% after US President Donald Trump announced a multi-billion dollar push by the Japanese company, OpenAI and Oracle Corp. to build AI infrastructure in the US.
Shares of NVIDIA Corporation (NASDAQ: NVDA) and other AI stocks such as Dell Technologies Inc. (NYSE: DELL), Oracle Corporation (NYSE: ORCL) and Arm Holdings plc (NASDAQ: ARM) are trading higher Tuesday buoyed by reports of a major private sector investment in artificial intelligence infrastructure.
Nvidia (NASDAQ: NVDA ... Oracle chairman Larry Ellison, and Softbank CEO Masayoshi Son to announce Stargate's AI infrastructure initiative. The joint venture is focused on expanding AI-focused ...
Global tech investor SoftBank Group is in discussions to lead the round, with plans to contribute between $15 billion and $25 billion.
The company has heavily advertised AI features since the latest iPhones were released in September. Revenue rose 10% from a year ago to $9.5 billion. The shift occurs after many brands cut their advertising on the digital platform over hate-speech concerns.
Still, SoftBank has valued OpenAI, the maker of ChatGPT, at $260 billion going into the funding round, up from $150 billion a few months ago, the sources, who requested anonymity to discuss private matters,