News

Intel, SoftBank Discussed a Sale. Now, a Cash Infusion Will Accelerate American AI.

Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.

U.S. tech stocks slide after Altman warns of ‘bubble’ in AI and MIT study doubts the hype

Investors’ long-running enthusiasm for artificial intelligence showed signs of faltering on Tuesday as tech stocks tumbled.

SoftBank buys Foxconn's Ohio plant to build AI servers for US data centers

Earlier this week, Foxconn Chairman Young Liu confirmed that SoftBank has acquired its Ohio plant to build new AI servers in ...

SoftBank Buys Foxconn’s Ohio Plant to Boost Stargate AI Push

SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group’s electric vehicle plant in Ohio, a move aimed ...

Americans Fear AI Permanently Displacing Workers, Poll Finds

The unemployment rate is at a low 4.2 percent as of July, but Americans are still worried most jobs will become obsolete.

SoftBank shares surge to record after optimism for AI prospects boosted Q1 earnings

Shares in SoftBank Group jumped more than 13% to a record high on Friday morning in a show of investor support for the ...

SoftBank's $500B AI Moonshot Hits Speed Bump--But Son Isn't Slowing Down

Son is also pursuing a $6.5 billion acquisition of Ampere Computing and reportedly eyeing up to $30 billion in OpenAI funding ...

Trump administration vying to own a big stake in Intel after SoftBank's $2 billion bet on company

U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley ...