News with the tag "Softbank"

In a bold and strategic move that is sending ripples through the tech world, SoftBank Group has announced its intent to acquire Ampere Computing, a leading-edge semiconductor designer, for a staggering $6.5 billion in an all-cash deal. This acquisition isn’t just about adding another company to Soft...

Get ready for a seismic shift in the AI landscape! A new report indicates that OpenAI, the powerhouse behind groundbreaking AI models, is planning a significant change in its compute needs strategy. Instead of relying primarily on Microsoft, its long-standing partner and major shareholder, OpenAI is...

SoftBank is actively pursuing a $500 billion investment for its Stargate project, the initiative it introduced as a collaboration between SoftBank and OpenAI to support the development of AI infrastructure in the US. However, the $5.58 million DeepSeek-V3 AI model released by a Chinese group has rai...

SoftBank just took a $2.4 billion hit in its fiscal third quarter, sinking into losses as the Japanese tech giant prepares to throw billions into AI. The company, led by Masayoshi Son, reported the loss on Wednesday, missing analyst forecasts of a $1.57 billion profit, according to LSEG data. It’s a...

Japan’s SoftBank will invest $40 billion in OpenAI, according to press reports. The deal is the second between the partners in one week and is based on a $260 billion valuation of OpenAI. SoftBank has now displaced Microsoft as OpenAI’s biggest investor. SoftBank will provide the funding over the ne...

SoftBank is reportedly considering a $6.5 billion acquisition of Ampere Computing LLC, a semiconductor and chip designer backed by Oracle. While Ampere looks primed for a takeover, it is also exploring its strategic options, according to people familiar with the matter, who asked not to be identifie...

Cipher Mining, a major Bitcoin mining company, has received $50 million in funding from SoftBank, a leading investor in the AI project Stargate. According to the press release , this investment could change the Bitcoin mining industry, especially as AI technology starts to connect with cryptocurrenc...

The Japanese corporation SoftBank Group has shown interest in investing as much as $25 billion in OpenAI, which would make it the organization’s biggest financial sponsor. According to a Bloomberg report , information from sources participating in the discussions indicates the Japanese firm plans to...

Donald Trump revealed he plans to establish power plants for artificial intelligence through an emergency declaration. The President also mentioned plans to increase electricity demand for technologies like artificial intelligence. He said inadequate energy supplies posed an imminent and growing thr...

Tokyo-based investment giant Softbank wants to combine cells created from humans, which mimic brain cells, with traditional technology in an effort to create next generation artificial intelligence (AI). Research is already underway, and a roadmap for development puts 2050 as the start of practical ...