SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later. For a Japan Inc anxious ab
Kyodo News on MSN9h
Tokyo stocks sharply higher in morning as SoftBank Group soarsTokyo stocks were sharply higher Wednesday morning, led by rises in SoftBank Group following news it would be part of a massive artif
Kyodo News on MSN6h
Tokyo stocks surge on firm chip shares led by SoftBank GroupTokyo stocks ended sharply higher Wednesday, driven by gains in semiconductor-related shares following news that SoftBank Group will
· 3h · on MSN
SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump
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.
Trump touts $500 bn AI project from Softbank, Oracle, OpenAI
Shares in Japanese tech behemoth SoftBank Group soared more than eight percent on Wednesday after US President Donald Trump announced a major investment to build AI infrastructure.
6hon MSN
The US president says Stargate will build the physical and virtual infrastructure to power the next generation of advancements in AI.
Two weeks before taking office, Trump announced a $20 billion investment from Dubai-based billionaire Hussain Sajwani for new data centers across the US.
Softbank will have "financial responsibility" for the project with Masayoshi Son serving as the chairman of the venture, news that drove the stock (JP:9984) 11% higher in Tokyo. SoftBank's top holding, ARM (ARM), will be one of the technology partners, alongside companies including Oracle (ORCL) and Nvidia (NVDA).
SoftBank shares surged — on five times the previous day’s volume — on Wednesday after the Japanese investment group landed a starring role in an U.S. artificial intelligence infrastructure buildout package backed by President Donald Trump.
Global stocks are mixed as Trump's tariff comments stir uncertainty, impacting Asian markets. European stocks edge higher, buoyed by AI investment news, while U.S. markets show cautious optimism.
OpenAI will build and open AI infrastructure worth $500 billion in the United States over the next four years in partnership with SoftBank.
Masayoshi Son, the Japanese tycoon helming US President Donald Trump's big new AI push, is the son of an immigrant pig farmer with a spectacular but also sketchy investment record.
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