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fromFortune
6 days ago

Softbank 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.
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fromWIRED
2 weeks ago

Meta, Google, and Microsoft Triple Down on AI Spending

Microsoft expects AI capital spending to increase sequentially and anticipates fiscal year 2026 capex growth to exceed fiscal year 2025.
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fromTechCrunch
1 month ago

Everyone's still throwing billions at AI data centers | TechCrunch

AI infrastructure is undergoing a gold rush while skyrocketing visa fees and talent movement are rapidly reshaping the tech industry.
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