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AI Giants Make Massive Bets, SoftBank Restructures Amidst Market Gains and Geopolitical Tensions
Stock Market News·2025-09-19 14:08

Key TakeawaysOpenAI plans a monumental $100 billion investment to construct backup servers, aiming to accelerate AI breakthroughs, a project potentially involving Microsoft (MSFT) and dubbed "Stargate."SoftBank Vision Fund (SFTBY) is set to cut 20% of its global workforce, impacting approximately 50 to 60 employees, as it pivots its strategic focus heavily towards artificial intelligence despite recent strong quarterly performance.Google (GOOGL) announced its intention to appeal a court's initial decision r ...