Tag: $SoftBank

SoftBank Group said on Friday it has secured a $40 ​billion bridge loan to bolster investments in ChatGPT-maker OpenAI and for general corporate ‌purposes, marking another significant step in its artificial intelligence strategy.

SoftBank Group Corp. is working to build a massive AI data center on federally owned land in Ohio that it’s planning to power with roughly $33 billion worth of natural gas-fired electricity to be installed by the end of the decade.

OpenAI has closed a $110 billion funding round, a financing that’s more than double the size of its last raise a year ago, which was a record for a private tech company.

SoftBank has completed its $40 billion investment commitment to OpenAI, sources told CNBC’s David Faber.

SoftBank Group Corp. is in advanced talks to acquire DigitalBridge Group Inc., a private equity firm that invests in assets such as data centers, according to people with knowledge of the matter.

SoftBank Group  is racing to close a $22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap its undrawn margin loans borrowed against its valuable ownership in chip firm Arm Holdings , sources said.

SoftBank Group Corp. is studying potential acquisitions including data center operator Switch Inc., people with knowledge of the matter said, underscoring billionaire founder Masayoshi Son’s growing ambitions to ride an AI-fueled boom in digital infrastructure.

SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize on its “all in” bet on ChatGPT maker OpenAI.

Marvell Technology was climbing early on Thursday following a report that Japan’s SoftBank Group explored a potential takeover of the chip company several months ago.

British autonomous driving technology group Wayve is in talks with Microsoft (MSFT.O), and SoftBank (9984.T), to raise up to $2 billion in funding, which could value the firm at about $8 billion, the Financial Times reported on Monday, citing sources.

Intel (INTC.O), is getting a $2 billion capital injection from SoftBank Group (9984.T), in a major vote of confidence for the troubled U.S. chipmaker in the middle of a turnaround.

Foxconn (2317.TW), said on Monday it plans to manufacture data centre equipment with Japan’s SoftBank (9984.T), at the Taiwanese firm’s former electric vehicle factory in Ohio, part of the Stargate project to advance U.S. artificial intelligence infrastructure.

Shares of SoftBank Group ended Friday 10.39% higher at 13,865, paring gains from its record of 14,390 earlier in the session following the company’s higher-than-expected fiscal first-quarter profit.

SoftBank Group on Thursday reported fiscal first-quarter profit that topped expectations, driven by gains in its Vision Fund tech investment arm. The Japanese giant reported 421.8 billion yen ($2.87 billion) in the quarter ended June, versus 127.6 billion yen expected, according to LSEG consensus estimates.

The U.S. and United Arab Emirates are working on a path to allow Abu Dhabi to purchase some of the most advanced American-made semiconductors for its AI development, U.S. President Donald Trump said from the Emirati capital Friday.

SoftBank Group Corp. plans to create industrial parks for artificial intelligence across the US and is considering an investment of more than $1 trillion, Nikkei reported.

SoftBank Group reported a quarterly loss, partly due to the weakness in its technology funds business, as it geared up for a giant artificial-intelligence infrastructure project with ChatGPT maker OpenAI and other partners.

SoftBank Group and ChatGPT maker OpenAI plan to team up to offer artificial-intelligence services, initially targeting Japanese businesses to lay the groundwork for potential expansion worldwide. SoftBank Group Chief Executive Masayoshi Son said Monday that the company will assign 1,000 employees this year to the joint venture, SB OpenAI Japan, to kick-start its sales and engineering work.

SoftBank is in talks to invest up to $25 billion in OpenAI, which would make it the startup’s top backer, CNBC has confirmed.

OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman and CTO Larry Ellison joined President Trump to announce an investment of as much as $500 billion in artificial intelligence infrastructure in the U.S.