The Latest Breaking News from SoftBank

Foxconn has sold its Lordstown, Ohio, factory to SoftBank but will keep operating it as an AI server hub for the $500 billion Stargate project.

Employees of AI firm OpenAI are reportedly mulling over the sale of nearly $6 billion worth of shares to investors, including SoftBank Group (OTC:SFTBY) and Thrive Capital. 

Japanese investment holding company SoftBank Group (OTC:SFTBF) (OTC:SFTBY) reported first-quarter results on Thursday. The company reported quarterly net sales of 1.82 trillion Japanese yen ($12.54 billion), up from 1.70 trillion yen ($11.71 billion) a year ago.

Japanese technology conglomerate SoftBank Group has reported a $2.9 billion profit for the April-June quarter, rebounding from a loss a year earlier, as its investments benefited from the craze for artificial intelligence

OpenAI eyes $500 billion valuation via share sale, set to overtake Elon Musk's SpaceX as the world's most valuable private tech company.

ChatGPT parent OpenAI has raised $8.3 billion in new capital at a $300 billion valuation as part of its ongoing $40 billion fundraising effort, according to a person familiar with the deal.

Arm Holdings (NASDAQ:ARM) underwhelmed with its latest quarterly results, prompting Wall Street analysts to revise their ratings on the chip designer.

While artificial intelligence has been one of the hottest topics in the business ecosystem, it's not without its challenges. Six months following its high-profile announcement at the White House, the $500 billion Stargate project — a joint venture between OpenAI and SoftBank — has encountered significant delays and scaled-back ambitions.…

Oracle Corporation (NYSE:ORCL) has partnered with OpenAI to expand the Stargate data center capacity in the U.S. by 4.5 gigawatts. This strategic investment aims to bolster the U.S.’s AI leadership and foster industrial growth.