"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core products and business."

OpenAI, SoftBank Group Corp. and Oracle Corp. unveiled Project Stargate during a Tuesday press briefing at the White House. The companies intend to build an expansive network of data centers that will be optimized to run AI workloads. OpenAI will be the sole user of the data centers, the Financial Times’ sources said.

DeepSeek, an AI startup backed by hedge fund High-Flyer Capital Management, this month released a version of its AI chatbot, R1, that it says can perform just as well as competing models such as ChatGPT at a fraction of the cost.

Both Meta and Microsoft committed to huge investments in artificial intelligence, despite new Chinese software outperforming American rivals at a lower cost.

Meta Platforms unveiled plans to make artificial intelligence more personalized this year, and Microsoft predicted “exponentially more demand" for AI products.

SoftBank is reportedly considering a historic $25 billion investment in OpenAI, which could surpass Microsoft's stake and position SoftBank as the ChatGPT maker's largest investor.

Wall Street are pointing mostly higher in premarket trading while more corporate earnings poured in a day after the Federal Reserve opted to leave its benchmark lending rate alone

The Japanese conglomerate is in talks to spend up to $43 billion to boost the ChatGPT developer.

DeepSeek’s AI disrupts industry, causing Nvidia’s $600B plunge. AI investments surge: SoftBank backs Skild AI, ElevenLabs raises $250M, and Infinite Reality buys Obsess.

OpenAI is in talks to raise another giant round, of about $40 billion, led by SoftBank, which would value the ChatGPT maker at $300 billion including the investment—nearly double its valuation late last year in a Thrive Capital-led

Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.