SoftBank shares rise on $100b AI deal with OpenAI, Oracle

Shares of Japan’s SoftBank Group Corp. rose by 8.1% on Jan. 22, following an announcement of a US$100 billion investment in AI infrastructure in the United States.

This initiative involves partnerships with OpenAI and Oracle Corp. for projects related to data centers and physical campuses.

The announcement was made public by US President Donald Trump, who noted the aim of quickly deploying funds for AI development.

Microsoft Corp. and Nvidia Corp. are also expected to play roles in this project.

Recent SoftBank developments

Timeline
27-Nov-2024 💰 SoftBank plans $1.5b OpenAI investment through tender offer SoftBank to invest $1.5B in OpenAI. Son aims to boost stake after $500M prior investment.
14-Nov-2024 📈 SoftBank posts $6.4b profit, first in three years SoftBank posts its first profit in 3 years. Vision Funds unit gains nearly ¥169B profit.
12-Nov-2024 🔄 SoftBank Vision Fund co-CEO Rajeev Misra to leave company Rajeev Misra resigns from SoftBank executive roles. Alex Clavel appointed CEO of SoftBank divisions.
12-Nov-2024 💹 SoftBank sees Vision Fund rebound with $3.96b gains SoftBank Vision Fund gains ¥608.5B this quarter. Shift from loss to profit, fueled by firm valuations.
11-Nov-2024 💹 SoftBank projects $1.87b profit, focuses on AI strategy SoftBank to report ¥287B profit on listings. Plans AI chip development with Arm and Graphcore.

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Recent SoftBank developments

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