SoftBank Group Stock News

SoftBank Group and Ark Investment Management are in early talks to invest in a funding round that could value stablecoin issuer Tether Holdings at as much as $500 billion, Bloomberg News reported on Friday citing people familiar with the matter.

OpenAI cemented its role as the central force in AI infrastructure this week through a rapid-fire series of deal announcements. Altman said OpenAI will spend trillions to meet surging demand, but with no positive cash flow, limited grid capacity, and slow permitting, execution risk is sky-high.

More data centers to power artificial intelligence are coming to the U.S. as part of the government's half-trillion-dollar Stargate AI infrastructure plan announced in January.

OpenAI announced on Tuesday that it plans to build five new AI data centers across the United States with partners Oracle and SoftBank through its Stargate project. The new data centers will bring Stargate's planned capacity to seven gigawatts — enough energy to power more than five million homes.

OpenAI, Oracle and SoftBank announced five new AI data center sites for the $500 billion Stargate project, bringing the total allocated investment to over $400 billion.

OpenAI, Oracle and SoftBank on Tuesday announced plans for five new artificial intelligence data centers in the United States to build out their ambitious Stargate project.

Working with the Japanese conglomerate SoftBank and the cloud company Oracle, the A.I. start-up will spend $400 billion over the next five years.

OpenAI and Oracle are betting big on America's AI future, bringing online the flagship site of the $500 billion Stargate program in Abilene, Texas. That site is the first of the Stargate program to come online and is up and running with Oracle Cloud Infrastructure and racks of Nvidia chips.