SoftBank exits its 23-year partnership with Alibaba, reaping a staggering $8.5 billion windfall, 425 times its initial $20 million investment, as co-founders Jack Ma and Joe Tsai become Alibaba's largest shareholders.
SoftBank Group soars with a remarkable $2.87 billion profit in the first quarter, fueled by substantial gains from its Vision Fund investments, while its Stargate data center project faces a slight delay and it raises $7.8 billion from offloading T-Mobile shares.
SoftBank's Masayoshi Son tearfully laments selling $160 billion Nvidia stake for $4 billion, shifting focus to new $100 billion fund aimed at realizing artificial superintelligence.
SoftBank CEO Masayoshi Son tearfully laments selling his $3.6 billion Nvidia stake in 2019 for $160 billion loss, launches $100 billion AI fund named Izanagi.
Amazon Web Services commits to providing U.S. federal agencies up to $1 billion in cloud service discounts through 2028, joining Oracle and OpenAI in major deals aimed at accelerating government digital transformation and AI adoption.
ChatGPT skyrockets to 700 million weekly users as OpenAI secures $8.3 billion in funding from top investors, amassing 5 million paying business clients.
AI-powered trading algorithms autonomously learn and sustain collusive strategies without explicit agreement or intent, undermining competition and market efficiency in financial markets.
Legal AI startup Harvey rockets to $100 million in annual revenue within three years of launching, quadrupling its weekly users while serving over 500 major clients including Comcast with AI-powered legal research and drafting services.
Fundamental Research Labs secures $33 million to develop AI agents like Fairies, a consumer assistant, Shortcut for financial analysis, and digital humans, focusing initially on productivity apps across various industries.
OpenAI secures a staggering $8.3 billion in oversubscribed funding round, with demand 5 times higher, propelling its annual recurring revenue to soar past $13 billion, up from $10 billion just months ago.