OpenAI and SoftBank agreed to invest $1 billion into SB Energy as the companies plan for a massive buildout of AI data centers. SB Energy is backed by SoftBank and Ares Management.
OpenAI and SoftBank Group will jointly invest $1 billion in SB Energy, a SoftBank-owned provider of data-center and power infrastructure, as part of their Stargate project, SB Energy said on Friday.
OpenAI's massive funding and planned IPO in 2026 underpin a bullish AI sector outlook, especially for chip and AI cloud providers. Chip leaders like Nvidia, AMD, and Broadcom are positioned for explosive EPS growth, trading at attractive forward P/Es relative to projected gains. Oracle, CoreWeave, and Nebius face near-term debt concerns but are set for exponential revenue growth from OpenAI-dri...
Oyo Hotels-parent Prism has confidentially filed for an initial public offering in India, three people familiar with the matter told Reuters on Wednesday, marking a fresh push by the homegrown hospitality brand to tap public markets.
Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11% after completing the second stage of a $41-billion investment in the maker of ChatGPT.
SoftBank has been building one of the largest private technology investment programs in the world, with a particular focus on artificial intelligence and related infrastructure such as data centers.
SoftBank completed its promised $40 billion investment commitment to OpenAI, CNBC reported Tuesday (Dec. 30), citing unnamed sources. The Japanese investment firm last week gave the artificial intelligence startup a final payment of $22 billion to $22.5 billion, the report said.
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