Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say
Part of the funding is expected to be used for Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by ...
UAE to invest billions to build AI data center in France
A few days ahead of the Artificial Intelligence Action Summit in Paris, the French presidency has announced the first of ...
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SoftBank reported to invest another $40b in OpenAI, becoming its largest investor
Japan’s SoftBank will invest $40 billion in OpenAI, according to press reports. The deal is the second between the partners in one week and is based on a $260 billion valuation of OpenAI. SoftBank has ...
OpenAI Close to Deal That Values Company at $300 Billion
OpenAI is set to complete a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just ...
Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China
Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s mar ...