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SoftBank Buys Foxconn’s Ohio Plant to Jumpstart Stargate AI Push
SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group’s electric vehicle plant in Ohio, a move aimed at kick-starting the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp.
SoftBank named as buyer of Foxconn Ohio factory, site could eventually host a Stargate data center – report
According to a report from Bloomberg, the purchase is the result of efforts by SoftBank to involve Foxconn in the $500 billion Stargate data center project, which the Japanese investment company is currently undertaking with OpenAI, Oracle, and Abu Dhabi's MGX.
OpenAI rolled out its latest generation of ChatGPT, hailing the model as its smartest and fastest yet as it takes the fight ...
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SoftBank vision fund scores $4.8b gain driving profit streak
SoftBank Group reported Q1 profit of $2.87 billion, beating forecasts. Vision Fund’s $4.8 billion gain was the key driver, ...
OpenAI hopes its fastest, smartest model yet will help it fend off rising competition from Google, Meta, Anthropic, and ...
ChatGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and could value ...
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OpenAI targets $500B valuation in early secondary share sale discussions
OpenAI went into early talks to discuss the secondary sale of shares to former and current employees, raising its valuation ...
OpenAI makes money primarily through ChatGPT subscription plans ($20 a month) and licensing its A.I. models to enterprise clients and developers. While OpenAI has not confirmed profitability, CNBC ...
SoftBank confirms delays in its $500B Stargate AI venture but reboots the project by acquiring a Foxconn plant in Ohio for a ...
As OpenAI scales up revenue, infrastructure, and model complexity, GPT-5 is a test of whether the business can keep pace with ...
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