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The Latest Breaking News from SoftBank

Elon Musk Says 'They Simply Don't' Have The Funding, Doubts Stargate AI

On Tuesday, major artificial intelligence (AI) chip manufacturers, including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), Arm Holdings (NASDAQ:ARM), Marvell Technology (NASDAQ:MRVL), and Qualcomm (NASDAQ:QCOM), traded lower.

Benzinga

Open AI's massive Project Stargate is already struggling, may be scaled back

OpenAI and SoftBank say Project Stargate is fine, but Oracle says it's not formed yet, alluding to potential delays.

TechRadar

Elon Musk Doubles Down On OpenAI-Softbank Stargate Doubts—Says 'They Simply Don't' Have Money For The $500 Billion AI Infrastructure Push

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has renewed his skepticism over the ambitious Stargate project—a $500 billion AI infrastructure venture between OpenAI and SoftBank Group (OTC:SFTBF) (OTC:SFTBY)—saying the plan lacks actual financial backing.

Benzinga

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$500 Billion Stumble: SoftBank–OpenAI's Massive AI Vision Faces Setbacks

Six months after its high-profile announcement at the White House, the $500 billion Stargate project — an ambitious joint venture between OpenAI and SoftBank to ramp up America's artificial intelligence infrastructure — has run into major delays and scaled-back ambitions.

Benzinga

Sam Altman calls DeepSeek AI "impressive" — but casts doubts on claims of efficiency gains ahead of OpenAI's own dominance

OpenAI CEO Sam Altman recently shared thoughts about DeepSeek's efforts, claiming the company is yet to unlock AI efficiency levels beyond his own company.

Windows Central

In Abilene, Stargate Project Puts AI Boom Ahead of Human Health

The first data center for a $500-billion artificial intelligence project arrives in small-town Texas, alongside a potentially harmful natural gas plant.

Texas Observer

Microsoft reportedly lacks the know-how to fully leverage OpenAI's tech — despite holding IP rights

Microsoft having access to OpenAI's IP doesn't necessarily mean that it knows how to use the technology, as insiders cite frustration.

Windows Central

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SoftBank's Masayoshi Son Lived Life Like 'Benjamin Button' — Nikesh Arora Says He Took Every Risk His Mother Warned Him About And Struck Gold With Alibaba, ARM

Palo Alto Networks Inc. CEO Nikesh Arora revealed insights into SoftBank Group Corp. (OTC:SFTBY) CEO Masayoshi Son‘s risk-taking philosophy during a recent podcast appearance, comparing the Japanese billionaire’s approach to life to the fictional character Benjamin Button.

Benzinga

SoftBank's Masayoshi Son Sets Sights On Artificial Super Intelligence Domination With Bets On OpenAI And Ampere: 'I'm All In'

On Friday, SoftBank Group (OTC:SFTBF) (OTC:SFTBY) CEO Masayoshi Son said that he plans to position the company as the leading platform provider in the artificial super intelligence (ASI) sector within the next decade, aiming to rival major tech firms like Microsoft Corp. (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc.'s (NASDAQ:GOOG)…

Benzinga

SoftBank’s Masayoshi Son Unveils $1 Trillion AI Hub Proposal for U.S. to Rival China

Softbank’s Masayoshi Son is leading efforts to build one of the largest investments in history by finding backers for a $1 trillion AI hub in Arizona.

Barchart

Trump and TSMC pitched $1 trillion AI complex — SoftBank founder Masayoshi Son wants to turn Arizona into the next Shenzhen

Masayoshi Son is planning a $1 trillion AI and robotics industrial hub in Arizona, called Project Crystal Land, and is seeking support from TSMC, Samsung, and the U.S. government.

Tom’s Hardware

Elon Musk Was ‘Abusing His Power In the Government to Unfairly Compete’ Says OpenAI CEO Sam Altman: ‘It’s Unfortunate for the Country’

Sam Altman accuses Elon Musk of trying to block OpenAI’s Stargate UAE project, escalating tensions in the global AI race.

Barchart

Softbank and Intel want to rival Samsung and SK Hynix with HBM memory alternative but I don't think they will succeed - Here's why

SoftBank and Intel plan new AI memory chip to challenge Samsung and SK Hynix dominance in HBM.

TechRadar

Credit Suisse was ‘warned’ about Greensill three years before firm collapsed

Anonymous messages questioned judgment of senior managers in dealing with Greensill, says Swiss regulator

The Guardian - UK

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The Guardian - UK

Lex Greensill says SoftBank managers ‘felt threatened’ by his links to founder

Financier tells court he travelled to Tokyo ‘often weekly’ for mentoring sessions with Masayoshi Son

Tom’s Hardware

Intel and SoftBank collaborate on power-efficient HBM substitute for AI data centers, says report

SoftBank wants to corner the AI chip memory market with a more efficient substitute to HBM.

International Business Times UK

UK's Arm and SoftBank Inject £12.3M to Supercharge Global AI Research with Carnegie Mellon

Arm and SoftBank commit $15.5 million to support Carnegie Mellon and Keio University's joint AI research initiative, advancing international collaboration in artificial intelligence innovation.

The Independent UK

Japanese tech giant SoftBank records its first profit in 4 years

Japanese technology company SoftBank Group has posted its first profit in four years, as it raked in gains from its investment portfolios

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International Business Times

Japan's SoftBank Posts $7.8 Bn Annual Net Profit

Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a bumper full-year net profit of $7.8 billion.

Al Jazeera

Fact-checking Trump’s claim of securing $10 trillion in investments for US

The White House reports $5.1T in promised investments, with $4.3T newly pledged. Experts say $2.1T may not fully happen.

TechRadar

OpenAI set to splurge $3 billion on AI coding tool Windsurf as ChatGPT inventor looks to make programmers a bit more nervous

OpenAI plans to acquire Windsurf for $3 billion in a move that could challenge GitHub Copilot’s dominance.

Fortune

OpenAI hires InstaCart CEO Fidji Simo for major leadership role

The move may raise questions about Sam Altman's long-term commitment to remaining OpenAI's CEO

Fortune

OpenAI wants to sell 'democratic AI' to the world—and potentially increase its soft power globally

OpenAI’s Stargate seeks to export ‘democratic AI’—but will it also help the company secure more soft power on the global stage?

International Business Times

OpenAI Abandons Plan To Become For-profit Company

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.

TechRadar

300 billion and counting: most popular chip designer in the world turns 40, and it all started in a wooden barn

40 years on: How Arm’s minimalist chip design became the blueprint for modern computing.

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