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SoftBank Group reported its fourth consecutive quarterly profit, buoyed by gains from its investment in OpenAI, even as it increased borrowing to expand its exposure to artificial intelligence. The company posted a net profit of 248.6 billion yen for the October–December quarter, compared with a net loss a year earlier. A significant portion of the […]
Samsung Electronics said it has started shipping its most advanced high-bandwidth memory chips, HBM4, as it seeks to close the gap with rivals in supplying critical components for artificial intelligence accelerators. Demand for high-performance memory has surged amid the global buildout of AI data centers. HBM chips are essential for feeding large volumes of data […]
Billionaire investor Bill Ackman has added Meta Platforms to his hedge fund portfolio while exiting its position in Hilton Worldwide Holdings, signaling a renewed focus on artificial intelligence-driven growth. Ackman’s firm, Pershing Square Capital Management, invested roughly $2 billion—about 10% of its capital—into Meta late last year. The fund’s investment team said they believe Meta’s […]