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Tokyo-Listed SoftBank Shares Climb 13% After ABB Robotics Deal Boosts Outlook

Tokyo-listed shares of SoftBank Group (OTC:SFTBY) (OTC:SFTBF) jumped as much as 13% after the Japanese giant agreed to acquire Swiss engineering firm ABB‘s (OTC:ABBNY) Robotics unit in a deal valued at $5.4 billion.

SoftBank to buy ABB’s robotics business for $5.4bn to strengthen its AI branch

SoftBank to buy ABB’s robotics business for $5.4bn to strengthen its AI branch

The acquisition brings together SoftBank's AI know-how and ABB's robotics expertise as companies race to stay ahead of tech advances.

Softbank Buys ABB Robotics In $5.4 Billion Deal To Boost AI Play

Softbank Buys ABB Robotics In $5.4 Billion Deal To Boost AI Play

SoftBank Group (OTC:SFTBY) (OTC:SFTBF) said on Wednesday it will buy the robotics division of Swiss engineering firm ABB (OTC:ABBNY) in a $5.4 billion deal, as the Japanese firm looks to boost its artificial intelligence portfolio.

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OpenAI now worth $500 billion, possibly making it the world's most valuable startup

OpenAI could now be the world’s most valuable startup, ahead of Elon Musk’s SpaceX and TikTok parent company ByteDance, after a secondary stock sale designed to retain employees at the ChatGPT maker

The Independent UK

Nonprofit turned investment magnet OpenAI is now valued at $500 billion

But is AI a bubble that's about to burst?

OpenAI Valuation Soars To $500 Bn In Private Share Sale: Reports

The valuation of ChatGPT developer OpenAI soared to a chart-topping $500 billion in a deal for employees to sell a limited number of shares, financial media reported Thursday.

International Business Times

OpenAI's Sam Altman had secret TSMC meeting over future chip supply, report claims — AI pioneer in Asia as South Korea confirms 20MW data center deal with ChatGPT maker

OpenAI CEO Sam Altman has reportedly held secretive meetings with TSMC and Foxconn in Taiwan as he looks to secure chip production for future facilities and his own internal chip design plans.

Tom’s Hardware

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Nvidia CEO Jensen Huang Once Offered To Cry With Masayoshi Son Over A Missed Fortune, But That's Not Their Only Regret

Nvidia CEO Jensen Huang Once Offered To Cry With Masayoshi Son Over A Missed Fortune, But That's Not Their Only Regret

Nvidia Corporation's (NASDAQ: NVDA) CEO Jensen Huang once teased his friend SoftBank Group (OTC: SFTBF) (OTC: SFTBY) founder Masayoshi Son at an AI summit, recalling a moment about which the duo wanted to "cry together."

Intel Seeks Assistance From Apple, Others in Desperate Bid to Reclaim Chip Throne

Intel Seeks Assistance From Apple, Others in Desperate Bid to Reclaim Chip Throne

Facing deep losses, Intel is mounting a comeback fueled by government policy and private capital. The Trump administration took a 10% stake, while SoftBank and Nvidia invested a combined $7 billion.

International Business Times UK

Intel Stock Pops On Report CEO Engages TSMC, Apple

Intel Stock Pops On Report CEO Engages TSMC, Apple

Intel Corp. (NASDAQ: INTC) CEO Lip-Bu Tan has been working aggressively to line up funding and customer partnerships critical to the company's turnaround.

Google Just Made Cipher Mining An AI-Crypto Hybrid Bet

Google Just Made Cipher Mining An AI-Crypto Hybrid Bet

Cipher Mining Inc (NASDAQ: CIFR) just landed one of the most eye-catching endorsements in crypto infrastructure: Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). Google took a 5.4% stake in the Bitcoin (CRYPTO: BTC) miner, securing roughly 24 million warrants as part of a 10-year, $5 billion AI hosting deal.

Intel taps Apple for potential investment, says report — companies said to be discussing ways to work together more closely

Intel taps Apple for potential investment, says report — companies said to be discussing ways to work together more closely

Intel is reportedly in early talks with Apple about a potential investment and closer collaboration.

Tom’s Hardware

OpenAI and Nvidia's AI spending spree could be a risky bet

The success of the companies' mega-billion deals will depend on long-term demand for AI.

Oracle Stock Slips As Company Taps Debt Market For AI Infrastructure Spending: Report

Oracle Stock Slips As Company Taps Debt Market For AI Infrastructure Spending: Report

Oracle (NYSE:ORCL) stock slipped after it moved to raise $15 billion in the U.S. investment-grade bond market on Wednesday, according to people familiar with the transaction.

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OpenAI, Oracle, SoftBank Unveil $500 Billion Stargate Plan With 5 New US AI Data Centers As Nvidia Commits $100 Billion To Support ChatGPT-Parent

OpenAI, Oracle Corp (NYSE:ORCL) and SoftBank Group (OTC:SFTBF) (OTC:SFTBY) on Tuesday announced plans to build five new U.S. data centers as part of the $500 billion Stargate project, a massive private-sector effort to power the next wave of artificial intelligence.

OpenAI plans to build 5 giant U.S. 'Stargate' datacenters, a $400B challenge to Meta, Microsoft, and Google in the AI arms race

The ChatGPT maker, along with Oracle and SoftBank, drew reporters to rural West Texas to tour the flagship Stargate data center, provide an update on new sites, and dispel doubts about the partnership’s momentum.

Smart Money Can’t Get Enough of Intel Stock. Should You Buy a Piece of the INTC Pie Too?

SoftBank, the U.S. government, and Nvidia have all announced billions of dollars in investments in Intel over the last month. Should you too buy INTC?

Tom’s Hardware

SoftBank beams 5G to phones from the sky in successful stratospheric test flight

SoftBank successfully delivered end-to-end 5G connectivity to standard smartphones using an airborne base station, in a live field trial conducted in June, above Hachijō Island, Japan.

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SoftBank, OpenAI Joint Venture In Japan Slips Behind Schedule, Target Date Pushed Back

SoftBank Group Corp – ADR’s (OTC:SFTBY) plan to form a joint venture with OpenAI to deliver artificial intelligence services to corporate customers in Japan has fallen significantly behind schedule. The companies aimed initially to launch the venture this summer, but preparations have taken longer than expected. An update is likely…

The Guardian - US

Nvidia to invest $5bn in Intel after Trump administration’s 10% stake

Deal gives Intel a lifeline as firms team up on AI datacenters and PC chips after Trump stake sparks market surge

International Business Times UK

Tech Titans Unite: NVIDIA and Intel Join Forces in $5 Billion AI Superchip Deal

In a $5 billion deal, NVIDIA and Intel have joined forces to develop an AI superchip and new PC products.

What is Oracle, and how has the 50-year-old company made a tech comeback with AI and TikTok?

The company’s co-founder Larry Ellison briefly overtook Elon Musk as the world’s richest person this month.

SoftBank Rockets 10% On Tokyo Exchange As Oracle's $455 Billion AI Stargate Deals Spark Investor Frenzy

SoftBank Group Corp. (OTC:SFTBY) (OTC:SFTBF) shares jumped 9.98% to 17,905 JPY ($121.14) on Thursday’s Tokyo trading session, building on massive year-to-date gains of 93.90% as investors bet on the company’s role in Oracle Corp.‘s (NASDAQ:ORCL) record-breaking artificial intelligence infrastructure deals.

CEO who ran tech unicorn once valued at $1.2 billion charged with fraud after allegedly spending millions on his wedding and art classes

Abraham Shafi ran a buzzy startup called IRL (which stands for 'in real life') but now faces more than 20 years in prison.

OpenAI Risks Losing SoftBank Billions As Microsoft Dispute Threatens 2026 Restructure

OpenAI's plan to restructure its business may shift to 2026 as it negotiates new contract terms with key backer Microsoft (NASDAQ:MSFT).

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