SoftBank is in talks to invest as much as $25bn into OpenAI, in a deal which would make it the ChatGPT maker’s biggest financial backer, as the pair partner on a massive new artificial intelligence infrastructure project.

A new investment from the Japanese conglomerate would be separate from the $100 billion tied to a project announced at the White House last week.

Stargate, a high-profile artificial intelligence infrastructure project trumpeted by US President Donald Trump this week, will exclusively serve ChatGPT maker OpenAI, according to people familiar with the matter.

Also in today’s newsletter, Vanke’s crisis reignite fears for China’s property sector, and Tesla sues EU over tariffs on EVs from China

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.

SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector.

The San Francisco start-up claims that its Chinese rival may have used data generated by OpenAI technologies to build new systems.

Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content,

OpenAI is focusing on AI infrastructure with Stargate as rivals like China's DeepSeek close the gap on its AI models.

OpenAI's Stargate project lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times.

OpenAI is in talks to raise another giant round, of about $40 billion, led by SoftBank, which would value the ChatGPT maker at $300 billion including the investment—nearly double its valuation late last year in a Thrive Capital-led