SoftBank Group CEO Masayoshi Son is shifting his focus away from investments in China and toward the US, as seen with his involvement with President Donald Trump and the recently announced Stargate.

Stargate is just one piece in the race for data, AI and global power. A glimpse into the future of U.S. regulation.

World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany's DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.

On the second day of his presidency on Tuesday, Donald Trump announced the Stargate Project, a $500 billion joint venture among OpenAI, Softbank, Oracle, and MGX, to build AI-focused data centres across the US.

(Reuters) -OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday.

President Donald Trump has announced the Stargate initiative, a significant collaboration involving OpenAI, SoftBank, and Oracle, with an initial investment of $100 billion. The project aims to enhance the U.

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

The president said it will be the largest AI infrastructure ever built and that it will help counter technology threats from China and other countries.

But the U.S. companies have one major disadvantage: secrecy. For years, Silicon Valley has operated on a closed-door model, keeping AI breakthroughs locked behind proprietary systems. DeepSeek’s decision to make R1 open source has flipped that narrative.

Asian shares rallied yesterday after US President Donald Trump said he thought he could reach a trade deal rather than impose tariffs on China.The SET index moved in a range of 1,338.29 and 1,363.92 points this week,

When Chinese quant hedge fund founder Liang Wenfeng went into AI research, he took 10,000 Nvidia chips and assembled a team of young, ambitious talent. Two years later, DeepSeek exploded on the scene.

Tech giants pledged Initial $100B investment for data centers in Texas, first in Abilene, through their Stargate partnership announced by President Donald Trump.