Business - News Articles

xAI's Legal Chief Exits, Former NASA Rocket Scientist Assumes Role Amid Executive Shakeup

Aug 11, 2025

TechCrunch

xAI's legal chief Robert Keele exits amid executive shakeup, with former NASA rocket scientist Lily Lim assuming the role, continuing a pattern of turnover across Elon Musk's companies.

Business Legal

GPT-5 Launch Marred by Accuracy Concerns and Talent Drain at OpenAI

Aug 10, 2025

PitchBook

OpenAI's GPT-5 launch faces accuracy issues, with misleading charts and physics errors, compounded by a talent exodus, raising concerns about the company's ability to deliver transformational AI progress amid commercial scaling pressures.

Foundation Models Business Labor & Jobs

AI Startups Capture 41% of All VC Investment as $81 Billion Flows to Just 10 Companies

Aug 08, 2025

PitchBook

AI startups dominate venture capital as just 10 companies capture 41% of all VC investment in 2025, with OpenAI leading a $81 billion funding surge that experts warn creates dangerous market concentration and potential bubble conditions.

Funding Business

SoftBank Acquires Foxconn's Ohio Plant for AI Server Production

Aug 08, 2025

TechCrunch

SoftBank acquires Foxconn's Ohio plant to produce AI servers for its Stargate data center project, a collaboration with OpenAI and Oracle, shifting the factory's original plan for electric vehicle manufacturing.

Data Centers Hardware Funding Business

Trump Calls for Intel CEO's Resignation Over Alleged China Ties

Aug 08, 2025

PBS News

President Trump calls for the resignation of Intel CEO Lip-Bu Tan, citing alleged conflicts of interest due to Tan's ties to Chinese firms, causing Intel's stock to plummet amid Senator Cotton's concerns over Tan's investments linked to China's military.

Geopolitics Business Hardware

SoftBank Soars on AI Bets, Offloads T-Mobile Stakes Amid Stargate Delays

Aug 08, 2025

The Japan Times

SoftBank's quarterly profits soar on AI investments like Nvidia and startups, while offloading T-Mobile stakes and delaying its $500 billion Stargate AI project with OpenAI due to market volatility.

Funding Business Data Centers

SoftBank Exits Alibaba After 23 Years, Reaping $8.5 Billion Windfall

Aug 08, 2025

Yahoo Finance

SoftBank exits its 23-year partnership with Alibaba, reaping a staggering $8.5 billion windfall, 425 times its initial $20 million investment, as co-founders Jack Ma and Joe Tsai become Alibaba's largest shareholders.

Finance Business

SoftBank Soars with $2.87 Billion Profit, Vision Fund Gains Fuel Success

Aug 08, 2025

TradingView

SoftBank Group soars with a remarkable $2.87 billion profit in the first quarter, fueled by substantial gains from its Vision Fund investments, while its Stargate data center project faces a slight delay and it raises $7.8 billion from offloading T-Mobile shares.

Funding Business Data Centers

Apple Loses Key AI Talent as Siri Lags Behind Rivals

Aug 08, 2025

MacRumors

Apple faces setbacks in AI race as around a dozen key AI talents, including Ruoming Pang, head of Apple's Foundational Models team, depart for rivals like Meta and OpenAI, hindering efforts to integrate large language models and update Siri, which lags behind competitors.

Business Labor & Jobs Consumer Products

SoftBank Founder Laments $156 Billion Loss on Nvidia Stake, Shifts Focus to Superintelligence Fund

Aug 08, 2025

Yahoo Finance

SoftBank's Masayoshi Son tearfully laments selling $160 billion Nvidia stake for $4 billion, shifting focus to new $100 billion fund aimed at realizing artificial superintelligence.

Funding Business Hardware