SoftBank is in talks to invest as much as $25bn into OpenAI. The deal would make it the start-up’s biggest financial backer. At the same time, the two companies are also partnering on a separate massive AI infrastructure project. Here to explain what all this says about SoftBank’s AI ambitions is the FT’s Arash Massoudi. Hi, Arash.
SoftBank Group CEO Masayoshi Son has made a strategic pivot toward the US market, appearing alongside President Donald Trump twice since his November election victory to unveil major investment plans.
Investors will be looking out for Malaysia’s central bank policy meeting today, where it’s expected to keep its policy rate steady at 3%.
Beijing, China - Chinese firm DeepSeek's artificial intelligence chatbot has soared to the top of the Apple Store's download charts, stunning industry
Asian stock markets are trading mostly higher on Thursday, supported by positive cues from Wall Street overnight. Gains are led by China, where multiple government departments unveiled medium- and long-term investment plans to boost capital market confidence.
BANGKOK (AP) — World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany's DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.1% higher to 7,847.38. Britain's FTSE 100 slipped less than 0.1% to 8,539.88.
CNBC's Alex Harring and Brian Evans contributed to this report. Softbank Group shares climb over 8% after U.S. AI infrastructure investment plans Shares of Softbank Group rose 8.6% after U.S ...
The partnership formed by Oracle, OpenAI and SoftBank is due to invest up to $500 billion. SoftBank's shares rose 3.7% on Thursday in Tokyo trading after jumping 11% the day before. Elsewhere in Asia, the S&P/ASX 200 in Australia fell 0.6% to 8,383.50, while the Kospi in Seoul lost 0.8% to 2,526.98.
Japanese investment conglomerate SoftBank (SFTBY) intends to invest up to $40 billion in OpenAI, leaving another initial backer, Microsoft
The Japanese conglomerate is in talks to spend up to $43 billion to boost the ChatGPT developer.
SoftBank Group, led by Masayoshi Son, is in discussions to invest up to $40 billion in OpenAI, valuing it at $300 billion. This follows a shift in AI dynamics with DeepSeek overtaking ChatGPT in US App Store rankings,
OpenAI is in talks for an investment round to raise nearly $40 billion that would value the AI startup at up to $340 billion, the Wall Street Journal reported on Thursday.