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TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...- How Trump has used the presidency to benefit himself and his alliesPresident Trump's administration is reviewing a large fund proposed for supporters. This comes amid scrutiny over various financial dealing...
- SoftBank to invest €75 billion in 5 GW French AI centresSoftBank Group is set to invest up to $87 billion in France to build 5 gigawatts of AI data center capacity, aiming to establish the countr...
- Tech layoffs: India once again in the crosshairs, with 1 in 3 laid off by Oracle based hereThousands of Oracle employees in India faced immediate job termination via email. This action is part of a global workforce reduction affec...
- TikTok investors set to pay $10 billion fee to Trump administrationThe fee, which the U.S. government is considering a transaction fee for its role in helping bring about the deal, will be paid by new inves...
- Oracle's stake in TikTok US joint venture is worth roughly $2 billion, filing showsOracle’s stake in TikTok’s U.S. operations is valued at about $2 billion after ByteDance created a majority-owned American joint venture to...
- Oracle says data center outage causing issues faced by US TikTok usersOracle on Tuesday said issues faced by US users of social media app TikTok are the result of a temporary weather-related power outage at a...
- Who owns TikTok in the US now?Under the arrangement, non-Chinese investors will own about 80% of the American venture. ByteDance will keep 19.9% of it. The investors, wh...
- TikTok reaches deal for new US joint venture to avoid American banThe deal is a milestone for the short video app after years of battles that began in August 2020, when President Donald Trump first tried u...
- TikTok US deal update: Oracle-led joint venture set to launch in 2026 – what this means for ByteDanceTikTok US deal 2026: TikTok is set to become a US joint venture. Oracle, Silver Lake, and MGX will lead the new entity. American investors ...
- SoftBank concedes Stargate Project with OpenAI needs more timeSoftBank's ambitious Stargate AI project is facing unexpected delays. The $500 billion collaboration with OpenAI is taking longer than expe...
- Didn’t think Elon Musk was going to abuse his power in the government: Sam AltmanAccording to The Wall Street Journal, Tesla CEO Elon Musk had made significant efforts to block the Stargate project unless it included his...
- OpenAI, Oracle developing ‘world’s biggest’ AI training facility: Sam AltmanOpenAI CEO Sam Altman revealed progress on "Stargate 1," the AI training facility under construction in Abilene, Texas, in partnership with...
- OpenAI close to finalising its $40 billion SoftBank-led fundingOpenAI is nearing a $40 billion funding round led by SoftBank Group, with investors including Magnetar Capital, Coatue Management, and Foun...
- Wouldn't have announced $500 billion investment if we weren't confident: Sam Altman on Stargate fundingElon Musk was among the first to question the funding for the project, claiming that the drivers, including Microsoft and SoftBank, "don't ...
- OpenAI's Altman to stop in Abu Dhabi for MGX fundraising talks, sources sayOpenAI CEO Sam Altman is visiting the UAE to discuss raising $40 billion with Abu Dhabi's MGX, aiming to fuel AI development and compete wi...
- Sam Altman teases Stargate Project's Texas site amid banter with Elon MuskThe Stargate project is a $500 billion initiative to build AI infrastructure across the US, with Masayoshi Son taking the role of chairman....
- Elon Musk reacts to SoftBank-OpenAI’s $500 billion AI project, says ‘they don’t have the money’Elon Musk criticises OpenAI and SoftBank's $500 billion Stargate Project for AI infrastructure, doubting their financial capabilities. The ...
- SoftBank, OpenAI launch $500 billion AI infrastructure project, Masayoshi Son named chairmanThe investment brings together an alliance of tech giants. While SoftBank and OpenAI are lead partners—with SoftBank handling financials an...
- Microsoft relaxes data center grip on OpenAI amid $500 billion joint ventureSince 2019, Microsoft has had arrangements with OpenAI that gave the Redmond, Washington-based company the exclusive right to build new com...
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