Bank of America extended a $520 million credit line to OpenAI, reversing an earlier rejection, as the AI company prepares for a potential IPO that could value it at nearly $1 trillion. The loan positi…
SambaNova, an AI chip startup, raised fresh funding at an $11 billion valuation, up from roughly $2 billion earlier this year, as investors race to back alternatives to Nvidia. The company builds chip…
AI chip maker SambaNova Systems raised $1 billion at an $11 billion valuation in a Series F round led by General Atlantic, five months after its Series E. The company also secured JPMorganChase as an …
Rapidus, a Japanese semiconductor startup backed by eight major firms including Toyota and Sony, is pursuing 2-nanometer logic production with a pilot line operating in Chitose since April 2025 and ma…
Samsung Electronics reported an 18-fold surge in second-quarter operating profit to 89.4 trillion won ($58.4 billion), driven by rising memory chip prices amid AI demand, but a subsequent share slump …
Thrive Holdings is raising $2 billion from SoftBank, Altimeter, and D1 Capital Partners to acquire and rebuild services firms with AI, marking its first outside funding round. The roll-up strategy foc…
French President Emmanuel Macron and Indian Prime Minister Narendra Modi are personally courting tech CEOs to secure AI infrastructure investments, with Macron texting SoftBank's Masayoshi Son to land…
Japan launched Noetra, a ¥380 billion AI company backed by SoftBank, Sony, NEC, Honda, and METI, to secure national leadership in physical AI and robotics. The coalition aims to reduce reliance on for…
French President Emmanuel Macron and Indian Prime Minister Narendra Modi are personally courting tech CEOs to secure AI infrastructure investments, resulting in tens of billions of dollars in commitme…
Over $610 billion in AI hardware capital expenditure was committed globally in a single week, including South Korea's $550B memory fab investment, Japan's $6B for AI model development, and Qualcomm's …
A July 4 link dump by an unnamed editor compiles essays on the indie web's comeback, SoftBank's AI investments, the Slate Truck EV, and more. The collection highlights a survey finding that 60% of U.S…
Abu Dhabi's MGX has raised approximately $49 billion for one of the largest AI investment funds ever, targeting AI infrastructure including semiconductors and data centers. The fund, backed by soverei…
Japan announced plans to develop a sovereign AI model and deploy 10 million AI-equipped robots across 18 sectors by 2040, investing approximately $6 billion through the Noetra consortium led by SoftBa…
Japan's Ministry of Economy, Trade and Industry (METI) has committed up to 1 trillion yen ($6.2 billion) over five years to back Noetra, a physical AI consortium led by SoftBank, Sony, NEC, and Honda,…
Japan's industry ministry announced ¥387.3 billion in aid for a project led by Noetra to develop a domestic AI foundation model for controlling robots, aiming to catch up with the US and China. SoftBa…
Japan's Ministry of Economy, Trade and Industry announced JPY387.3 billion in funding for a five-year project to develop a domestic multimodal foundation model for physical AI controlling robots, led …
The European Union's Tech Sovereignty Package aims to triple data center capacity within five to seven years to reduce reliance on American cloud providers, but faces power and planning challenges. Ic…
SoftBank, OpenAI, and Oracle are converting a former auto plant in Lordstown, Ohio into an advanced AI data center as part of the Stargate initiative, which expanded with five new US sites targeting n…
OpenAI is considering delaying its initial public offering until 2027 to achieve a $1 trillion valuation, according to a Bloomberg report. The delay has caused SoftBank's shares to drop 13% and affect…
SoftBank CEO Masayoshi Son dismissed Elon Musk's vision for orbital data centers, arguing they won't cut costs quickly enough to matter in the AI race. On TechCrunch's Equity podcast, editors noted th…