OpenAI and SoftBank are considering a future investment in the United Kingdom as part of their $500 billion Stargate project, aimed at building data centers to support artificial intelligence, the Financial Times reported, citing sources familiar with the matter.
While Stargate's initial phase will focus...
OpenAI raised $40 billion in a new funding round led by SoftBank Group Corp., valuing the ChatGPT maker at $300 billion.The company said the fresh capital would be used towards pushing the "frontiers of AI research even further," scaling its compute infrastructure and delivering "increasingly...
OpenAI's $40 billion funding round could shrink to $30 billion unless the company restructures as a for-profit entity by December 31, CNBC reported on Monday. According to the report, SoftBank, the largest backer, would cut its investment from $30 billion to $20 billion if the change does not occur.The...
OpenAI is set to secure $40 billion in funding with lead investor SoftBank, pushing its valuation to $300 billion, however, the SoftBank-led funding round could shrink by half if the nonprofit doesn't finalize its conversion to a for-profit firm by year-end.The Wall Street Journal reported on Friday.
The...
SoftBank Group Corp. is considering a massive 150 trillion yen (about $1 trillion) investment in the US AI sector, Nikkei reported on Friday. The initiative involves developing industrial parks where AI-driven factories operate with minimal human intervention, addressing labor shortages.Should the plan...
SoftBank Group Corp. is about to acquire a facility from Sharp Corporation to use it as an artificial intelligence (AI) agent center for its joint venture with OpenAI Inc., Nikkei Asia reported.SoftBank and Sharp could allegedly sign the papers on Friday, with the purchase worth ¥100 billion ($676 million)....
SoftBank revealed on Wednesday that it reached a net loss of ¥179.7 billion ($1.17 billion) in the October to December quarter of 2024. At the same time, the Japanese conglomerate reported net sales of ¥1.8 trillion.According to the report, net income for the nine months to December 2024...
Although some of the most anticipated global players have already released their fresh financial results, this week investors' attention will turn to some of the leading Asian companies. Namely, SoftBank is expected to unveil its report on Wednesday, followed by Sony, Nissan, and Honda on Thursday.In...
SoftBank Corp. is set to invest $40 billion in artificial intelligence startup OpenAI, CNBC reported on Friday. If finalized, the deal would see the Japanese bank pay out the funds over the next 12 to 24 months, according to the report. A source familiar with the matter said the investment would see...
SoftBank Group Corp. CEO Masayoshi Son (pictured) told reporters in South Korea on Tuesday that he plans to talk to Samsung Electronics Co., Ltd. about a potential collaboration on the Stargate Project.While being at Samsung's Gangnam office, he revealed that the discussions are to take place...
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