SoftBank Shares Jump After Unveiling $500 Billion Venture With OpenAI
SoftBank Group shares jumped after the company and ChatGPT-maker OpenAI announced plans to invest up to half a trillion dollars in artificial-intelligence infrastructure in the U.S. Shares rose 8.8% to 10,060 yen, or equivalent to $64.69, on Wednesday in Tokyo, after climbing as much as 9.2% earlier, to their highest level since July.
Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.
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Joint venture Stargate will be building out data centers and beefing up electricity generation to support the fast-evolving ...
Tesla Inc. CEO Elon Musk cast doubt Wednesday on the ambitious $500 billion Project Stargate, hours after its announcement, ...
President Donald Trump announced the $500 billion Stargate Project in Texas to advance AI research, starting with a data ...
The Stargate project, announced at the White House, involves an initial investment of $100bn, with plans to increase this to ...
The project, which will be financially led by SoftBank and operationally by OpenAI, will see an immediate investment of $100 ...
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