2025-07-02

SoftBank's acquisition of AI chip designer Ampere may be facing an FTC probe

SoftBank's $6.5 billion acquisition of AI-chip designer Ampere is facing an in-depth US government probe that may delay the deal, according to Bloomberg. The Federal Trade Commission (FTC) has op [...]

2025-05-06

OpenAI’s new for-profit plan leaves many unanswered questions

OpenAI has abandoned its controversial restructuring plan. In a dramatic reversal, the company said Monday it would no longer try to separate control of its for-profit arm from the non-profit board th [...]

2025-03-20

SoftBank is buying ex-Intel president Renee James' chip design company for $6.5 billion

In case you need further evidence that companies involved in AI chip manufacturing are looking to give themselves whatever edge they can, SoftBank is adding to its institutional expertise by buying fo [...]

2025-01-22

OpenAI and Softbank team up for a $500 billion AI data center venture

OpenAI will build and open AI infrastructure worth $500 billion in the United States over the next four years in partnership with SoftBank. The two entities have teamed up to establish a new company c [...]

2025-04-09

Labor and nonprofit coalition calls on California AG to stop OpenAI from going for-profit

A group of organizations, including nonprofits like LatinoProsperity and labor groups like the California Teamsters, are petitioning California Attorney General Rob Bonta to stop OpenAI from becoming [...]

2025-01-28

OpenAI debuts a version of ChatGPT for US government agencies

OpenAI has begun offering a version of ChatGPT designed for US government agencies. ChatGPT Gov includes many of the same features found in the Enterprise offering of the chatbot, including access to [...]

2025-03-05

Court denies Elon Musk's attempt to block OpenAI's for-profit transformation

US federal judge Yvonne Gonzalez Rogers has denied Elon Musk's request for an injunction that would have immediately stopped OpenAI's conversion into a for-profit entity. Musk filed for an i [...]

2025-06-06

Tesla stock rebounds 5%. Wedbush says shares were 'way oversold' on the Trump-Musk breakup

Tesla (TSLA) investors exhaled Friday. After a brutal selloff that shaved more than $150 billion off the EV-maker’s market cap in a single day, Tesla shares bounced back almost 6% in mid-morning tra [...]

2025-07-22

OpenAI pushes ahead with Stargate as SoftBank remains absent from data center development

The Stargate project - a joint initiative from OpenAI and SoftBank meant to overhaul the US AI infrastructure - is barely moving forward.<br /> The article OpenAI pushes ahead with Stargate as S [...]