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SoftBank Buys Foxconn’s Ohio Plant to Jumpstart Stargate AI Push
SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group’s electric vehicle plant in Ohio, a move aimed at kick-starting the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp.
Tech companies are racing to build powerful data centers across the nation, especially as President Trump calls for increased investment in the country.
Shares in SoftBank Group jumped more than 13 per cent to a record high on Friday morning in a show of investor support for ...
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OpenAI targets $500B valuation in early secondary share sale discussionsOpenAI went into early talks to discuss the secondary sale of shares to former and current employees, raising its valuation ...
OpenAI makes money primarily through ChatGPT subscription plans ($20 a month) and licensing its A.I. models to enterprise clients and developers. While OpenAI has not confirmed profitability, CNBC ...
ChatGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and could value ...
OpenAI is scaling up its plans with Oracle. Meanwhile, questions remain about Softbank's involvement in the Stargate AI ...
SoftBank confirms delays in its $500B Stargate AI venture but reboots the project by acquiring a Foxconn plant in Ohio for a ...
As OpenAI scales up revenue, infrastructure, and model complexity, GPT-5 is a test of whether the business can keep pace with ...
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