OpenAI and Oracle (OCRL) are set to deploy tens of thousands of NVIDIA (NVDA) high-performance AI chips in a new large-scale data center in Texas. This initiati
Market Overview
The stock market resumed its downward trend following a brief recovery the previous day. Recent sessions have been dominated by headlines concer
OpenAI and Oracle (ORCL) are set to install 64,000 Nvidia GB200 AI chips in a new Abilene, Texas data center by the end of 2026, with 16,000 chips due by summer 2025, as part of the $100 billion Stargate venture, per Bloomberg. The Stargate project, a collaboration with SoftBank unveiled…
Arm Holdings-ADR (NASDAQ: ARM), a subsidiary of SoftBank Group Corp. (OTC: SFTBY), has entered into a $250 million agreement with Malaysia to supply chip designs and technology for the next ten years.
Arm Holdings Plc has agreed to provide chip designs and technology to Malaysia over the next decade, to help catapult the Southeast Asian country beyond chip assemb…
Creditors, including Mizuho Financial Group Inc., insist that founder Ritesh Agarwal pay off the dues for $383 million he borrowed — part of a multibillion-dollar loan package — if the startup doesn’t have an IPO by October, people familiar with the matter said. Lenders want clear visibility on Agarwal’s liquidity and will potentially allow him to delay the repayment until 2027 only if Oyo lists this year, they said, asking not to be named as the matter is private.
Transaction Overview On August 23, 2024, SOFTBANK GROUP CORP. (Trades, Portfolio) executed a noteworthy transaction by acquiring 2,396,980 shares of ESS Tech In
According to insiders, several executives from Japan's SoftBank Group (SFTBY) informed multiple banking institutions that the company's CEO, Masayoshi Son, plan
Strengthening AI Infrastructure Leadership Amidst Increasing Global Demand for High-Performance ComputingNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
Tech giant Apple became the latest company to announce investments in the US, following similar promises made by its peers like Meta, Amazon and SoftBank.
Microsoft (MSFT -1%) is experiencing selling pressure as its shares hit six-month lows, dropping 10% since its Q2 earnings report. This follows a TD Cowen repor
Microsoft Corp. has begun canceling leases for a substantial amount of datacenter capacity in the US, a move that may reflect concerns about whether it’s building m…
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SoftBank's telco arm remains strong despite challenges, but high-risk AI ventures and premium valuations pose significant near-term investment risks. Learn more on SOBKY stock here.