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SoftBank offloads entire $5.83 billion Nvidia stakes to raise cash for new AI investments

SoftBank offloads entire $5.83 billion Nvidia stakes to raise cash for new AI investments

SoftBank sold its entire holding in Nvidia for $5.83 billion in October, according to the earnings announcement shared Tuesday. The sale included 3...
Yann LeCun exit: Meta chief AI scientist leaving to launch AI startup, FT reports

Yann LeCun exit: Meta chief AI scientist leaving to launch AI startup, FT reports

Yann LeCun, Meta’s chief AI scientist and one of the world’s most influential figures in artificial intelligence, is planning to leave the social m...
Interview: AI bubble is real, but more restrained than the dot-com era, says Richard Peterson of MarketPsych

Interview: AI bubble is real, but more restrained than the dot-com era, says Richard Peterson of MarketPsych

Last week, a sell-off in US artificial intelligence-related stocks due to fears of valuations getting out of hand also resurfaced an oft-discussed ...
Dow futures dip as markets await key data: 5 things to know before Wall Street opens

Dow futures dip as markets await key data: 5 things to know before Wall Street opens

Dow futures remained flat on Tuesday, a day after technology stocks led the Wall Street rebound. The futures tied to the Dow Jones Industrial Avera...
Softbank unveils AI plans with PayPay, ChatGPT, OpenAI investments after $19B Q2 gain

Softbank unveils AI plans with PayPay, ChatGPT, OpenAI investments after $19B Q2 gain

Softbank has unveiled plans to continue pushing into AI with investments in PayPay, ChatGPT, and OpenAI, helping it gain $19 billion on its Vision ...
Europe markets open: FTSE up 0.9% as SoftBank sells its $5.8B Nvidia stake

Europe markets open: FTSE up 0.9% as SoftBank sells its $5.8B Nvidia stake

European stocks opened higher on Tuesday, extending the positive momentum from the start of the week as the end of the record-long US government sh...
Intel’s top AI executive jumps to OpenAI after just half a year

Intel’s top AI executive jumps to OpenAI after just half a year

Sachin Katti, who was handed the job of chief technology officer and head of AI at Intel only six months ago, just walked away from the role to joi...
SoftBank posts $16.6B profit on OpenAI gains, sells $5.83B worth of Nvidia shares

SoftBank posts $16.6B profit on OpenAI gains, sells $5.83B worth of Nvidia shares

SoftBank Group Corp. reported a net profit of 2.5 trillion yen ($16.6 billion) for the July–September quarter, its third consecutive profitable per...
Democrats say the Trump Administration’s push for massive AI data centers is driving up electricity bills

Democrats say the Trump Administration’s push for massive AI data centers is driving up electricity bills

Democrats are calling out the Trump Administration for turning basic utilities into a Big Tech free-for-all. On Monday, Senators Richard Blumenthal...
Robinhood to let retail investors into private AI start‑ups via new fund, CEO says

Robinhood to let retail investors into private AI start‑ups via new fund, CEO says

The trading platform Robinhood is preparing to open access for small investors to private artificial intelligence companies, according to remarks V...