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Global Market: SB Energy to sell up to $500 million worth of shares to Japanese investors ahead of US IPOSB Energy, backed by SoftBank, plans to raise up to $500 million from Japanese investors through a share sale as it prepares for a US listi...
ChatGPT becomes first AI chatbot to face tougher EU rulesChatGPT and platforms like Reddit and Roblox face stricter EU safety rules. These services now have additional obligations under the Digita...
OpenAI issued warrants worth $5.5 billion in SB Energy, WSJ reportsOpenAI was issued warrants worth an estimated $5.5 billion in power infrastructure firm SB Energy, the Wall Street Journal reported on S...
Nvidia to provide up to $105 billion guarantee for OpenAI's Ohio data centreThe new deal is the latest example of Nvidia financing the infrastructure built around its chips, a strategy that helps drive demand but ha...
Nvidia scales back funding guarantee for Ohio OpenAI data centre: WSJAccording to the report Nvidia and OpenAI are nearing an agreement, with the chipmaker expected to provide a financial backstop only for th...
Nvidia in talks with OpenAI to guarantee $250 billion financing for data centre: WSJThe power for the project is controlled by the US government and funded separately by Japan under a recent trade deal, with US Commerce S...
Data center firm Switch taps banks for IPO that could value it up to $80 billionData center operator Switch is preparing for a significant initial public offering. This offering could potentially raise up to ten billion...
OpenAI weighs leasing Ohio data center with Nvidia backing: ReportOpenAI is in negotiations to lease a proposed 10-gigawatt data center campus on federal land in Ohio, in a deal that could include finan...
Tech jobs go cold; Chip startups shift gearIndia’s tech hiring has fallen to its lowest level in more than two years. This and more in today's ETtech Top 5.
SoftBank set to dethrone Toyota as Japan’s most valuable companyShares of the Masayoshi Son-led technology group climbed as much as 10% in Tokyo trading Monday, as AI-related shares climbed across the re...
SoftBank hires banks for US IPOs of SB Energy and AI robotics spinoff Roze, sources say2026 is shaping up as a major year for IPOs, with a wave of mega AI listings including SpaceX, Anthropic and OpenAI expected to test invest...
SoftBank group shares surge almost 20% on OpenAI, SB Energy IPOsSoftBank Group stocks have surged significantly. This rise follows reports that two SoftBank-backed companies, OpenAI and SB Energy, are pr...
SoftBank seeks up to $40 billion loan to finance OpenAI investmentSoftBank is seeking up to $40 billion in loans, mainly to back its $30 billion investment in OpenAI. The Japanese firm has sold assets, inc...
OpenAI, SoftBank invest $1 billion in Stargate partner SB EnergyOpenAI and SoftBank will each invest $500 million in SB Energy to support the energy firm’s growth as a data center developer and operator,...
OpenAI-SoftBank's $100 billion Stargate venture touted by Donald Trump will tap solar powerTrump unveiled the Stargate joint venture involving SoftBank Group Corp., OpenAI and Oracle Corp. on Tuesday. The companies will initially ...
Laws need to catch up to artificial intelligence's unique risksOpenAI has spent the last year mired in scandal. The company's chief executive was briefly fired after the nonprofit board lost trust in hi...