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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 at kick-starting the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp.
SoftBank buys Foxconn plant in Ohio for $375M to make AI servers
Foxconn, officially Hon Hai Precision Industry Co., is the world’s largest contract electronics manufacturer. It assembles Apple Inc.’s iPhones and supplies servers to multiple cloud providers. The company is also active in numerous other markets including the auto sector.
SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time ...
Tech companies are racing to build powerful data centers across the nation, especially as President Trump calls for increased ...
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SoftBank's ambitious $500 billion "Stargate" AI project with OpenAI is facing delays as securing consensus among partners ...
Japanese technology investor SoftBank Group on Thursday booked a net profit of $2.87 billion in the first quarter, driven by ...
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SoftBank vision fund scores $4.8b gain driving profit streakSoftBank Group reported Q1 profit of $2.87 billion, beating forecasts. Vision Fund’s $4.8 billion gain was the key driver, ...
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 ...
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 discussionsOpenAI went into early talks to discuss the secondary sale of shares to former and current employees, raising its valuation ...
SoftBank confirms delays in its $500B Stargate AI venture but reboots the project by acquiring a Foxconn plant in Ohio for a ...
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