SoftBank Group Corp. said Monday it has agreed to acquire the robotics division of Swiss engineering giant ABB Ltd. for $5.4 billion, marking a major step in the Japanese conglomerate’s effort to expand its footprint in artificial intelligence. The deal, which remains subject to global regulatory approvals, will halt ABB’s previously announced plan to spin…
Nvidia Corp. (NVDA.O) said on Thursday it will invest $5 billion in Intel Corp. (INTC.O) and jointly develop chips for personal computers and data centers, a surprise move that sent Intel shares surging 22.8% to $30.57 — their best single-day gain since October 1987. The deal marks a strategic pivot for both companies, with Nvidia…
Stargate, a joint venture led by OpenAI, Oracle, and SoftBank, will invest $500 billion for artificial intelligence infrastructure in United States. President Donald Trump announced the three companies plan to build 20 massive datacenters and create 100,000 jobs in the U.S. This follows a March 2024 report detailing a $100 billion data center project by…
SoftBank Group Corp is in talks to buy back the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised in 2017, Reuters reported on Monday. The negotiations come as SoftBank, which currently owns 75% of Arm, is preparing to list the chip…