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 [...]

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 [...]

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 [...]

OpenAI secures another $110 billion in funding from Amazon, NVIDIA and SoftBank

OpenAI just announced a massive funding round of $110 billion, which is one of the biggest investment rounds in Silicon Valley history. The investors feature many of the usual suspects, including Amaz [...]

SoftBank wants to borrow $10 billion against its OpenAI stake. The spread tells you what the banks think.

Summary: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares at SOFR + 425 basis points (~7.88%), a two-year term with one-year extension. The loan sits atop a $40 billion bridge [...]

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 [...]

Stargate's $500 billion AI infrastructure project reportedly stalls over unresolved disputes between OpenAI, Oracle, and Softbank

The Stargate project for AI data centers worth 500 billion dollars is stalling. OpenAI, Oracle and SoftBank are arguing about responsibilities, lenders are hesitant and OpenAI has to fundamentally ret [...]

Softbank seeks record $40 billion loan to fund OpenAI stake

A $40 billion loan for a single bet on OpenAI. Softbank is taking what the AI industry has been doing for a while to its logical extreme: financing the boom on credit.<br /> The article Softbank [...]

Softbank leads OpenAI's $40 billion funding round

SoftBank and OpenAI announced a major partnership on Monday that includes billions in annual spending and a new joint venture focused on the Japanese market.<br /> The article Softbank leads Ope [...]