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The Latest Breaking News from SoftBank

OpenAI Poised To Dethrone SpaceX With Mind-Blowing $500bn Valuation

OpenAI eyes $500 billion valuation via share sale, set to overtake Elon Musk's SpaceX as the world's most valuable private tech company.

International Business Times UK

OpenAI Just Raised $8.3 Billion At This Valuation As ChatGPT Growth Soars

ChatGPT parent OpenAI has raised $8.3 billion in new capital at a $300 billion valuation as part of its ongoing $40 billion fundraising effort, according to a person familiar with the deal.

Benzinga

Arm AI Ambitions Grow, But Analysts Warn Of Margin Trouble Ahead

Arm Holdings (NASDAQ:ARM) underwhelmed with its latest quarterly results, prompting Wall Street analysts to revise their ratings on the chip designer.

Benzinga

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Semiconductor Slump Puts Direxion's NVDA-Centered NVDU And NVDD ETFs In Focus

While artificial intelligence has been one of the hottest topics in the business ecosystem, it's not without its challenges. Six months following its high-profile announcement at the White House, the $500 billion Stargate project — a joint venture between OpenAI and SoftBank — has encountered significant delays and scaled-back ambitions.…

Benzinga

Elon Musk 6 Months Ago Said SoftBank Doesn't Have The Money To Power $500 Billion Stargate Project — Now OpenAI Says 5GW With Oracle Will 'Exceed' The 'Initial' Commitment Made With Trump

Oracle Corporation (NYSE:ORCL) has partnered with OpenAI to expand the Stargate data center capacity in the U.S. by 4.5 gigawatts. This strategic investment aims to bolster the U.S.’s AI leadership and foster industrial growth.

Benzinga

Stargate is back on - OpenAI and Oracle unveil massive data center expansion plans in major AI push

OpenAI confirms Project Stargate is still on, and its first site, Stargate I, is already partly operational in Abilene, Texas.

TechRadar

OpenAI Is Building a Massive New AI Data Center Across the U.S.

OpenAI has partnered with Oracle to develop 4.5 gigawatts of additional data center capacity in the United States under the Stargate initiative. This

Geekflare

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What's Going On With Super Micro Computer Stock?

Shares of server manufacturer Super Micro Computer Inc (NASDAQ:SMCI) closed Tuesday’s session lower, caught in a broader pullback among chip and AI-related stocks. Here’s what investors need to know.

Benzinga

Options Corner: This Statistical Signal Just Revealed A Mispricing For Marvell Technology

Circumstances don't look particularly appealing for semiconductor stocks, with a key projected focused on artificial intelligence getting off to a rocky start. Just six months after the announcement of the $500 billion Stargate initiative — a joint venture between OpenAI and SoftBank to bolster AI infrastructure in the U.S. —…

Benzinga

AMD Stock Is Sliding Tuesday: What's Driving The Action?

Shares of Advanced Micro Devices Inc (NASDAQ:AMD) are trading lower Tuesday afternoon, caught in a broader downturn affecting the semiconductor industry. Here’s what investors need to know.

Benzinga

OpenAI faces an 'increasingly fragile moat,' JPMorgan says, as Sam Altman braces for 'OS war' against Google, Apple and other Silicon Valley titans

OpenAI has a $700 billion-plus total addressable market ahead of it, JPMorgan says as it takes the rare step of covering a private company.

Fortune

OpenAI and Oracle ink deal to build massive Stargate data center, total project will power 2 million AI chips — Stargate partner SoftBank not involved in the project

OpenAI and Oracle plan to add 4.5 GW of U.S. data center power for the Stargate project, boosting total capacity past 5 GW to support millions of AI processors.

Tom’s Hardware

OpenAI's skyrocketing spending could see billions of dollars in silicon headed down the AI mines in the next few years, including 2 million Nvidia chips headed to Texas Stargate facility

That's a lot of graphics cards.

PC Gamer

Elon Musk Says 'They Simply Don't' Have The Funding, Doubts Stargate AI

On Tuesday, major artificial intelligence (AI) chip manufacturers, including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), Arm Holdings (NASDAQ:ARM), Marvell Technology (NASDAQ:MRVL), and Qualcomm (NASDAQ:QCOM), traded lower.

Benzinga

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TechRadar

Open AI's massive Project Stargate is already struggling, may be scaled back

OpenAI and SoftBank say Project Stargate is fine, but Oracle says it's not formed yet, alluding to potential delays.

Windows Central

Sam Altman calls DeepSeek AI "impressive" — but casts doubts on claims of efficiency gains ahead of OpenAI's own dominance

OpenAI CEO Sam Altman recently shared thoughts about DeepSeek's efforts, claiming the company is yet to unlock AI efficiency levels beyond his own company.

Texas Observer

In Abilene, Stargate Project Puts AI Boom Ahead of Human Health

The first data center for a $500-billion artificial intelligence project arrives in small-town Texas, alongside a potentially harmful natural gas plant.

Windows Central

Microsoft reportedly lacks the know-how to fully leverage OpenAI's tech — despite holding IP rights

Microsoft having access to OpenAI's IP doesn't necessarily mean that it knows how to use the technology, as insiders cite frustration.

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Benzinga

SoftBank's Masayoshi Son Lived Life Like 'Benjamin Button' — Nikesh Arora Says He Took Every Risk His Mother Warned Him About And Struck Gold With Alibaba, ARM

Palo Alto Networks Inc. CEO Nikesh Arora revealed insights into SoftBank Group Corp. (OTC:SFTBY) CEO Masayoshi Son‘s risk-taking philosophy during a recent podcast appearance, comparing the Japanese billionaire’s approach to life to the fictional character Benjamin Button.

Barchart

SoftBank’s Masayoshi Son Unveils $1 Trillion AI Hub Proposal for U.S. to Rival China

Softbank’s Masayoshi Son is leading efforts to build one of the largest investments in history by finding backers for a $1 trillion AI hub in Arizona.

Tom’s Hardware

Trump and TSMC pitched $1 trillion AI complex — SoftBank founder Masayoshi Son wants to turn Arizona into the next Shenzhen

Masayoshi Son is planning a $1 trillion AI and robotics industrial hub in Arizona, called Project Crystal Land, and is seeking support from TSMC, Samsung, and the U.S. government.

Barchart

Elon Musk Was ‘Abusing His Power In the Government to Unfairly Compete’ Says OpenAI CEO Sam Altman: ‘It’s Unfortunate for the Country’

Sam Altman accuses Elon Musk of trying to block OpenAI’s Stargate UAE project, escalating tensions in the global AI race.

TechRadar

Softbank and Intel want to rival Samsung and SK Hynix with HBM memory alternative but I don't think they will succeed - Here's why

SoftBank and Intel plan new AI memory chip to challenge Samsung and SK Hynix dominance in HBM.

The Guardian - UK

Credit Suisse was ‘warned’ about Greensill three years before firm collapsed

Anonymous messages questioned judgment of senior managers in dealing with Greensill, says Swiss regulator

The Guardian - UK

Lex Greensill says SoftBank managers ‘felt threatened’ by his links to founder

Financier tells court he travelled to Tokyo ‘often weekly’ for mentoring sessions with Masayoshi Son

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