SoftBank Group CEO Masayoshi Son is shifting his focus away from investments in China and toward the US, as seen with his involvement with President Donald Trump and the recently announced Stargate.
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.
Asian 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. Officials in Beijing said pension funds and mutual funds would be required to increase purchases of shares,
US President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence (AI) led by Japan’s Softbank Group Corp, cloud giant Oracle Corp and ChatGPT-maker OpenAI.
This is money that normally would have gone to China,” Trump proclaimed on Tuesday while unveiling Stargate, an artificial intelligence project that will cost $500 billion, according to its
Investors hoping for earnings to revive Asian stocks may be in for a let-down as upcoming results are likely to show companies were having a tough time even before Donald Trump took office.
U.S. stock futures and the dollar were both sliding on Friday as Asian markets rallied after President Trump signaled he wouldn’t rush to raise tariffs on China. The moves came after Trump said he “would rather not” hike levies on imports from China,
We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, OpenAI's massive data center project.
The popular skincare brand First Aid Beauty, known for its gentle and hydrating formulas, has issued a voluntary product recall. The brand released over 2,500 jars of their 14-ounce Ultra Repair Cream in the coconut vanilla scent,
The USD/JPY sell-off led by the Bank of Japan’s (BoJ) hawkish 25 bps rate hike exacerbated the pain in the Greenback. Ahead of the weekend, the mixed PMI data from the US didn't allow the USD to gather strength against its rivals. In January's flash estimate, S&P Global Composite PMI retreated to 52.4 from 55.4 in December.
Chinese local governments, telecommunications firms and Big Tech companies have been building new AI facilities over the past few years.
Stargate, a groundbreaking joint venture by OpenAI, SoftBank (TYO:9984), and Oracle (NYSE:ORCL), is set to transform the artificial intelligence landscape with exclusive data centers in the U.S. These centers will