SoftBank eyes up to $25B investment in OpenAI: Report

Quick Summary:

Last week, to meet the growing demand for AI infrastructure, US President Donald Trump unveiled a private sector investment of up to $500 billion with the launch of Stargate.

This joint venture between OpenAI and SoftBank aims to build data centers and generate more than 100,000 jobs.

Wenfeng, who also leads the AI-focused hedge fund High-Flyer, launched the firm to counter industry rivals with a leaner approach to AI development.

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Article Details

Author / Journalist: Bhuvana Kamath

Category: StartupsEconomyBusiness

Markets: IndiaChinaJapan

Topics: Billion Report Softbank Financial According Openai Investment Policy Stargate Privacy Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 06:21:59 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 375 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 25620665

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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News Last Updated: 10 hours ago

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