SoftBank Group (9984 JT) is in talks to invest up to USD 30bln more in OpenAI, according to WSJ
SoftBank's potential investment in OpenAI, up to USD 30 billion, signals a strong belief in the AI sector's growth prospects.
Australian CPI YY (Q4) 3.6% vs Exp. 3.6% (Prev. 3.2%)
Australian RBA Quarterly Trimmed Mean CPI Y/Y (Q4) 3.40% vs. Exp. 3.30% (Prev. 3.00%)
SoftBank Group (9984 JT) is in talks to invest up to USD 30bln more in OpenAI, according to WSJ
[MARKET UPDATE] Asia-Pac stocks begin mixed following the mostly positive handover from Wall St but with some cautiousness ahead of the FOMC and mega-cap earnings, while Japan suffers on currency strength following Trump's recent FX rhetoric
Minutes from BoJ's December 18th-19th meeting noted that members said it is appropriate to keep raising rates if the outlook is met, while a member said waiting another meeting in raising rates would be risky given impacts of FX on inflation
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This move could not only enhance SoftBank's portfolio but also elevate OpenAI's market position, likely influencing tech stocks broadly and signaling robust investor sentiment towards AI advancements.
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