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It takes a lot of computing power to run an AI product — and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4…
It takes a lot of computing power to run an AI product — and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4…
OpenAI announced on Tuesday that it plans to build five new AI data centers across the United States with partners Oracle and SoftBank through its Stargate project. The new data centers will bring Stargate’s planned capacity to seven gigawatts — enough energy to power more than five million homes. Three of the new sites are…
Japanese conglomerate SoftBank has agreed to make a $2 billion investment in Intel in a deal described as a commitment to advanced technology and semiconductors in the United States. The agreement, in which SoftBank will buy Intel common stock, was announced Monday after markets closed. SoftBank will pay $23 per share of Intel common stock….
The mystery buyer of the former General Motors factory owned by Foxconn in Lordstown, Ohio, is apparently SoftBank, according to Bloomberg News. SoftBank wants to use the factory to build AI servers as part of the Stargate data center project being spearheaded by the Japanese conglomerate, OpenAI, and Oracle. The report comes just a few…
As global trade evolves, there’s an increasing demand for diverse cross-border payment options. That’s why an Irish-based fintech startup called NomuPay has raised $40 million in a Series C round from SB Payment Service (SBPS), a subsidiary of Japanese telco giant SoftBank Corp, at a valuation of $290 million. NomuPay makes it easier for merchants…
Tether added another 4,812 Bitcoin to Twenty One Capital’s Bitcoin holdings, currently trading under Cantor Equity Partners until the firms finalize a merger. Stablecoin issuer Tether bought $458.7 million worth of Bitcoin for Twenty One Capital, a Bitcoin investment firm it backed that’s awaiting the completion of a Special Purpose Acquisition Company (SPAC) merger with…
OpenAI’s ambitious Stargate data center project is facing delays thanks to tariff-related economic uncertainty, reports Bloomberg. Growing market volatility and cheaper AI services have made banks, private equity investors, and asset managers wary of investing in Stargate, an OpenAI-led project that aims to raise up to $500 million for AI infrastructure in the U.S. and…
Bitcoin bears are at risk of deep losses as soaring inflows to the spot BTC ETFs highlight the return of institutional investor demand. Key takeaways: Bearish Bitcoin traders were caught off guard by BTC’s rally above $90,000. Spot volumes are driving the Bitcoin price rally. Read more If you liked the article, do not forget…
Twenty One Capital has grand plans to dethrone Michael Saylor’s Strategy as the leading Bitcoin treasury firm, receiving investment support from industry heavyweights. Twenty One Capital, a new Bitcoin treasury company led by Strike founder Jack Mallers with the support of Tether, SoftBank and Cantor Fitzgerald, is looking to supplant Michael Saylor’s Strategy to become…