SoftBank

OpenAI raised $40 billion in a record funding round led by SoftBank, boosting its valuation to $300 billion. The investment comes as the company plans an open-weight AI model release and faces pressure to restructure into a for-profit entity.

OpenAI partnered with South Korea’s Kakao to integrate its AI into KakaoTalk and develop a Korean-language assistant. CEO Sam Altman also met with SoftBank, Samsung, and SK Hynix to discuss AI collaborations, including the Stargate data centre project.

In a major shift in the AI landscape, SoftBank is poised to participate in OpenAI’s upcoming $6.5 billion funding round, marking the Japanese conglomerate’s first direct investment in the high-profile artificial intelligence company. Meanwhile, Apple, once rumored to be part of the round, has pulled out of talks, according to a report from The Wall Street Journal.

SoftBank Group Corp., one of the world's largest tech investors, has experienced a dramatic two-day plunge in its shares, erasing $2.5 billion from the fortune of its founder, Masayoshi Son.

SoftBank is on the brink of acquiring Graphcore, a British semiconductor startup, in a move that could significantly alter the landscape of the AI industry. However, the deal faces one final hurdle before completion.

SoftBank's CEO, Masayoshi Son, made a bold announcement today, declaring his relentless pursuit of Artificial Super Intelligence (ASI) at all costs. This declaration has triggered alarm among investors, resulting in ARM stock plummeting nearly 10 percent.