SoftBank is in talks to inject up to $25 billion directly into OpenAI, positioning the Japanese tech conglomerate to become the ChatGPT maker's largest financial backer, according to initial reporting from the Financial Times on Wednesday evening.
Tokyo stocks were sharply higher Wednesday morning, led by rises in SoftBank Group following news it would be part of a massive artif
SoftBank Group is currently in discussions to invest up to $25 billion in OpenAI, which could position it as the AI startup's largest financial backer
Tokyo stocks ended sharply higher Wednesday, driven by gains in semiconductor-related shares following news that SoftBank Group will
SoftBank is in talks to invest $15 billion to $25 billion in OpenAI, a deal that would see the Japanese conglomerate displace Microsoft as the ChatGPT maker's biggest investor. SoftBank stock fell 1.1% in Tokyo on Thursday.
Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy
As a tech stock rout and U.S. dollar swings driven by President Donald Trump's tariff threats send markets into a tailspin, investors are piling into assets from Japan's yen to European credit that could act as a buffer to the turbulence.
SoftBank is reportedly considering a historic $25 billion investment in OpenAI, which could surpass Microsoft's stake and position SoftBank as the ChatGPT maker's largest investor.
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.
SoftBank Group Corp. is in discussions to invest as much as $25 billion in OpenAI, a move that would potentially make it the AI startup’s biggest backer.
Asian shares mostly rose Thursday after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help