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SoftBank Set to Dethrone Toyota as Japan’s Most Valuable Company
Signage for SoftBank Corp. displayed at a store in Tokyo, Japan, on Monday, May 11, 2026. SoftBank Group Corp. is scheduled to release earnings figures on May 13.
Macron eyes billions in AI investment at 'Choose France' summit
Macron eyes billions in AI investment at 'Choose France' summit French President Emmanuel Macron hosts his annual "Choose France" investment summit on Monday with foreign investors already pledging billions of dollars of capital for AI and data projects. The conference could also see announcements on rare earth investments in France. France holds a foreign investment summit on Monday with tens of billions of dollars of capital already offered, notably for artificial intelligence and data...
France's Macron invites Sam Altman to attend G7, OpenAI tells CNBC
OpenAI chief Sam Altman will be attending the G7 conference in France later this month, CNBC has learned, as President Emmanuel Macron steps up efforts to court tech leaders across the globe in support of the country's AI ambitions. France is hosting 2026's G7 conference — an annual meeting of heads of state or government — from June 15-17, with AI expected to feature prominently on the agenda. Altman was invited by Macron to participate in the Leaders Summit, OpenAI told CNBC exclusively,...
SoftBank shares plunge 10% amid broader tech sell-off
Shares of SoftBank fell 10% following an overnight sell-off in the U.S. market on the back of wider profit taking in the tech sector. Other Asian tech giants also saw their share prices fall. While the Japanese investment giant recently overtook Toyota Motor as Japan's most valuable company, there are market concerns over SoftBank's high-risk bets on AI, even as its share price has risen about 70% year-to-date on investor enthusiasm over the new technology.
President Emmanuel Macron announces €93 billion in 'Choose France' investments
Since the first "Choose France" in 2018, a year after Macron came to power, more than 230 projects have been announced, representing several thousand jobs, according to the Élysée Palace. French President Emmanuel Macron said he was expecting "record" foreign investment amounting to €93 billion at an international conference on Monday, including for artificial intelligence and data centres. Around 200 executives from around the world are expected at the Versailles palace west of Paris for...
Oil prices climb as Israel expands military operation in Lebanon
Oil prices rose on Monday morning after Israel stepped up its military operation in Lebanon. Crude prices climbed in early Asian trading on Monday after Israeli troops pushed further into Lebanon over the weekend, fuelling investor fears that the broader Middle East conflict could escalate rather than move towards a peace deal. At the time of writing, West Texas Intermediate (WTI) crude was up 2.88% at $89.88 per barrel, while Brent crude rose 2.43% to $93.33 per barrel.
Tech giant OpenAI files for US initial public offering
Tech giant OpenAI files for US initial public offering OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. ChatGPT-maker OpenAI has confidentially filed for a United States initial public offering (IPO), joining rival Anthropic in a push towards the stock market as investors seek exposure to the artificial intelligence boom. OpenAI did not disclose the size or terms of the offering.
The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?
Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.
OpenAI confidentially files for US IPO as AI boom drives investor frenzy
OpenAI confidentially files for US IPO as AI boom drives investor frenzy ChatGPT maker OpenAI has confidentially filed for a US initial public offering, the company said on Monday, joining rivals such as Anthropic in a race towards public markets amid surging investor interest in artificial intelligence. The firm did not disclose terms or timing. ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said on Monday, joining rival Anthropic in a push...
OpenAI files for US IPO after Anthropic as AI giants head to public markets
OpenAI files for US IPO after Anthropic as AI giants head to public markets June 8 : ChatGPT-maker OpenAI confidentially filed for a U.S. initial public offering on Monday, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are likely easier as a private...