1. $500 billion: President Donald Trump announced OpenAI, SoftBank and Oracle would create a new company, “Stargate,” in what Trump called the “largest AI infrastructure project in history,” with plans for the companies to invest up to $500 billion to develop AI infrastructure in the U.S. in the coming years and create 100,000 jobs.
DigitalBridge Group Inc (NYSE:DBRG) stock is surging today, last seen up 9.9% at $15.30, after news that Japan-based Softbank is in advanced talks to acquire the company for $4 billion in an effort to expand its AI infrastructure.
SoftBank Group agreed to buy all outstanding shares of DigitalBridge Group for $16 apiece, part of the Japanese conglomerate's strategy to take advantage of an AI-driven boom in digital infrastructure.
SoftBank is acquiring data center investor DigitalBridge for $4 billion. SoftBank CEO Masayoshi Son said the deal supports global growth in data centers and connectivity.
SoftBank has slowly been increasing exposure to the AI trade.
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