SoftBank Seeks $40 Billion Loan to Fund OpenAI Investment
SoftBank is reportedly seeking up to $40 billion in bridge financing to expand its investment in OpenAI, underscoring CEO Masayoshi Son’s aggressive bet on artificial intelligence.
SoftBank is reportedly seeking up to $40 billion in bridge financing to expand its investment in OpenAI, underscoring CEO Masayoshi Son’s aggressive bet on artificial intelligence.
Amazon introduced Connect Health, an agentic AI system designed to automate administrative tasks in healthcare. The platform integrates with electronic health records to assist with scheduling, documentation, and billing.
Broadcom expects artificial intelligence chip sales to surpass $100 billion by 2027 as demand surges from major technology companies building AI infrastructure.
Nvidia CEO Jensen Huang said the company’s $30 billion investment in OpenAI could be its last before the AI startup pursues an initial public offering. The chipmaker also indicated its $10 billion investment in Anthropic may mark the end of its funding commitments to major AI model developers.
Multiple U.S. federal agencies, including State, Treasury, and HHS, have ceased using Anthropic’s Claude following a White House directive. Agencies are transitioning to alternatives such as OpenAI amid national security and ethical concerns.
OpenAI secured $110 billion in new funding at a $730 billion pre-money valuation, backed by SoftBank, NVIDIA, and Amazon to expand AI infrastructure and global reach.
Amazon announces a $12 billion plan for Louisiana data centers, creating 540 jobs and funding water and power infrastructure to support AI-driven growth.
Alphabet, Amazon, Meta, and Microsoft are expected to spend $650 billion on AI infrastructure in 2026, up from $410 billion in 2025, highlighting rapid scaling amid compute demand.
A former Citigroup executive says commercially available humanoid robots can now deliver a return on investment in under 10 weeks, potentially accelerating enterprise automation.
OpenAI is reportedly closing a funding round expected to exceed $100 billion, potentially boosting its valuation beyond $850 billion as it invests heavily in AI infrastructure.
xAI and its subsidiary MZX Tech face a lawsuit over emissions from natural gas turbines at Mississippi data centers, raising health and environmental concerns.
Top technology executives are traveling to New Delhi for India’s AI Impact Summit as global firms accelerate expansion in one of the world’s fastest-growing AI markets.
Instacart’s stock jumped over 14% after better-than-expected Q4 revenue, strong transaction growth, and an optimistic forecast eased concerns about competition in grocery delivery.
Uber Eats is rolling out an AI-powered Cart Assistant that lets customers build grocery lists using text or images, factoring in preferences and store availability.
Amazon is reportedly preparing a marketplace for publishers to sell content to AI companies. The platform would integrate with AWS AI tools like Bedrock and Quick Suite.