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fromFortune
1 day agoSoftbank dumps its entire Nvidia portfolio worth $5.8 billion as its CEO goes all-in on OpenAI to the tune of $30 billion | Fortune
SoftBank Group has liquidated its complete stake in Nvidia for $5.8 billion, the company announced during a presentation for investors early Tuesday morning, instead redirecting capital toward OpenAI as part of a strategic pivot that underscores both the company's bullish conviction on AI and CEO Masayoshi Son's willingness to place massive, high-stakes bets on emerging tech. Nvidia stock fell 2% shortly after the opening bell.
Venture
fromTechCrunch
1 month agoSoftBank bulks up its robotics portfolio with ABB Group's robotics unit | TechCrunch
Together with ABB Robotics, we will unite world-class technology and talent under our shared vision to fuse Artificial Super Intelligence and robotics - driving a groundbreaking evolution that will propel humanity forward.
Artificial intelligence
#ai-infrastructure
Tech industry
fromNextgov.com
6 months agoCompanies announce billions in investments to support emerging tech
Major tech companies are investing billions in U.S. manufacturing for AI and emerging technologies.
NVIDIA plans to invest $500 billion in AI chip manufacturing in the U.S.
SoftBank commits $700 billion for U.S. AI infrastructure development over four years.
U.S. aims to maintain its leadership position in AI innovation.
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