SoftBank Group CEO Masayoshi Son is shifting his focus away from investments in China and toward the US, as seen with his involvement with President Donald Trump and the recently announced Stargate.
Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Officials in Beijing said pension funds and mutual funds would be required to increase purchases of shares,
US President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence (AI) led by Japan’s Softbank Group Corp, cloud giant Oracle Corp and ChatGPT-maker OpenAI.
OpenAI CEO Sam Altman speaks next to Oracle co-founder Larry Ellison and SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria A look at the day ahead in European and global markets from Stella Qiu
This is money that normally would have gone to China,” Trump proclaimed on Tuesday while unveiling Stargate, an artificial intelligence project that will cost $500 billion, according to its
World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany's DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.
US President Donald Trump has started his second term with a bang - a private sector artificial intelligence investment of at least US$100 billion announced by the White House on Tuesday. "This monumental undertaking is a resounding declaration of confidence in America's potential under a new president,
The USD/JPY sell-off led by the Bank of Japan’s (BoJ) hawkish 25 bps rate hike exacerbated the pain in the Greenback. Ahead of the weekend, the mixed PMI data from the US didn't allow the USD to gather strength against its rivals. In January's flash estimate, S&P Global Composite PMI retreated to 52.4 from 55.4 in December.
U.S. stock futures and the dollar were both sliding on Friday as Asian markets rallied after President Trump signaled he wouldn’t rush to raise tariffs on China. The moves came after Trump said he “would rather not” hike levies on imports from China,
Stargate is just one piece in the race for data, AI and global power. A glimpse into the future of U.S. regulation.
Stargate, a groundbreaking joint venture by OpenAI, SoftBank (TYO:9984), and Oracle (NYSE:ORCL), is set to transform the artificial intelligence landscape with exclusive data centers in the U.S. These centers will
Investors hoping for earnings to revive Asian stocks may be in for a let-down as upcoming results are likely to show companies were having a tough time even before Donald Trump took office.