Seattle-area company Helion Energy gets $425 million from investors including Sam Altman and Softbank to pursue clean energy's "Holy Grail."
(Reuters) - Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors including SoftBank Group's Vision Fund 2.
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
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.
The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.
Tech bros have taken to X in an extraordinary public spat to question each other’s financial muscle over Donald Trump’s $800b AI joint venture. Elon Musk said, “they don’t have the money”.
Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy
Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.
SoftBank is in talks to inject up to $25 billion directly into OpenAI, positioning the Japanese tech conglomerate to become the ChatGPT maker's largest financial backer, according to initial reporting from the Financial Times on Wednesday evening.
SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40 OpenAI is in talks to raise up to $25 billion from SoftBank amid DeepSeek shock.
The Japanese corporation SoftBank Group has shown interest in investing as much as $25 billion in OpenAI, which would make it the organization’s biggest financial sponsor. According to a Bloomberg report,