New Zealand Labour Backs Social Media Ban for Under-16s 
Deutsche Bank Warns of Persistent Inflation Risks in 2025 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
Meta, U.S. States Discuss Settlement in Teen Addiction Trial 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
OpenAI AI Agent Swarm Behind Hugging Face Hack 
Stock Futures Slip as Amazon Tumbles on Weak Outlook, Eyes on Jobs Data 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
Jefferies Names AMEC Top China Semiconductor Equipment Pick 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Wall Street Banks Plan to Sell $3 Billion of Elon Musk’s X Debt 
Add as a preferred source on Google
SoftBank Group Corp. (TYO:9984) and OpenAI have each pledged $19 billion to Stargate, a groundbreaking technology initiative focused on AI data centers, The Information reports. OpenAI and SoftBank will each hold a 40% stake in the project, which OpenAI CEO Sam Altman described as an extension of their operations.
The $500 billion Stargate venture, announced by former President Donald Trump, includes tech giants Oracle Corporation (NYSE:ORCL), Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and others. The initiative plans an initial $100 billion deployment, with additional funding allocated over four years.
Details about Stargate remain limited, but it aims to revolutionize data processing, connectivity, and cloud computing with advanced AI-driven systems at an unparalleled scale. This collaboration represents one of the largest investments in emerging technology this year, highlighting the growing synergy between AI pioneers and major venture capital investors.
By positioning itself at the forefront of AI innovation, Stargate has the potential to set new standards for partnerships in the tech industry, driving future advancements in artificial intelligence and cloud computing solutions.
