TOKYO – Japanese technology conglomerate SoftBank Group Corp. reported a staggering 124% increase in quarterly profit, fueled by robust valuations in tech startups and resilient demand for artificial intelligence (AI). The company announced a net income of ¥517.18 billion ($3.5 billion) for its fiscal fourth quarter, driven by gains from its Vision Fund and investments in companies … Read more
Norway’s sovereign wealth fund, the world’s largest with $1.7 trillion in assets, reported a staggering $40 billion loss in the first quarter of 2025, driven by a sharp decline in technology stocks. The fund, managed by Norges Bank Investment Management (NBIM), faced its biggest quarterly loss in 18 months, highlighting the volatility of global markets. … Read more
Lausanne, Switzerland – March 18, 2025 – In a move poised to redefine the landscape of artificial intelligence, Microsoft has announced a strategic partnership with Swiss AI startup Inait, focusing on the commercialization of groundbreaking “digital brain” technology. This collaboration signals a significant shift towards AI systems that can reason and adapt, moving beyond the … Read more
Microsoft has recently made headlines by canceling substantial leases for data center capacity, totaling around 200 megawatts. This decision reflects a strategic shift in the company’s approach to its AI investments and has raised questions about the future of its infrastructure plans. What Happened? Microsoft, based in Redmond, Washington, has decided to terminate agreements with … Read more