SoftBank Soars: Ohio Deal Drives "Stargate" Project and AI Offensive to Record High
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The SoftBank Group caused a stir on Tuesday, August 12, with a price jump of up to eight percent and is heading towards a new record high. The reason: According to Bloomberg, SoftBank is the buyer of Foxconn's electric vehicle plant in Ohio. The $375 million plant is set to be part of the $500 billion "Stargate" project, which SoftBank is developing in collaboration with OpenAI and Oracle. The goal is to build a new generation of AI data centers in the USA. Strong profit as a confidence boost Already in early August, SoftBank surprised the...
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