The $500 billion Stargate project is projected to create hundreds of thousands of jobs. Here's what's known so far.
Microsoft (NASDAQ: MSFT) is a mega-cap stock that I think doesn't get as much credit as it should. This company has basically kickstarted the AI wave with its early investments into OpenAI. Not only that,
Shares opened weaker Thursday as investors took profit following strong gains in the previous session despite an overnight rally on Wall Street.
Read about the plans of OpenAI, SoftBank, Oracle and other tech companies to invest up to $500 billion in the Stargate joint venture to establish an AI infrastructure in the U.S.
The cash infusion comes on top of the $2 billion that Google has already provided to the artificial intelligence developer. Separately, Anthropic is said to be raising $2 billion from a group of institutional investors led by Lightspeed Venture Partners. The latter deal is expected to value the company at $60 billion.
SoftBank Group shares jumped after the company and ChatGPT-maker OpenAI announced plans to invest up to half a trillion dollars in artificial-intelligence infrastructure in the U.S. Shares rose 8.8% to 10,060 yen, or equivalent to $64.69, on Wednesday in Tokyo, after climbing as much as 9.2% earlier, to their highest level since July.
Other analysts seem to agree. Out of 58 analysts that cover the stock on Wall Street, 39 rate it a "buy" and 14 rate it a "strong buy," according to Yahoo! Finance. The software giant is preparing to spend $80 billion on data centers specifically for training, deploying, and operating cloud-based AI applications.
On Tuesday, Anthropic CEO Dario Amodei predicted that AI models may surpass human capabilities "in almost everything" within two to three years, according to a Wall Street Journal interview at the World Economic Forum in Davos, Switzerland.
Dario Amodei said that Claude may get features that put it on par with ChatGPT. He also teased the arrival of AI smarter than humans.
Key takeaways from Netflix's fourth-quarter earnings as stock surges. Space stocks soar on upbeat sentiment, Trump sets sights on Mars. Google to invest another $1B in Anthropic.
Chris Caso, a senior analyst at Wolfe Research, discussed key trends in the semiconductor industry in an interview with CNBC. He highlighted TSMC’s strong performance.
Tech titan Elon Musk cast doubt Wednesday on a $500bn AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn’t there.