SoftBank Group CEO Masayoshi Son is shifting his focus away from investments in China and toward the US, as seen with his involvement with President Donald Trump and the recently announced Stargate.

Stargate is just one piece in the race for data, AI and global power. A glimpse into the future of U.S. regulation.

On the second day of his presidency on Tuesday, Donald Trump announced the Stargate Project, a $500 billion joint venture among OpenAI, Softbank, Oracle, and MGX, to build AI-focused data centres across the US.

Asian stock markets are trading mostly higher on Thursday, supported by positive cues from Wall Street overnight. Gains are led by China, where multiple government departments unveiled medium- and long-term investment plans to boost capital market confidence.

Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Officials in Beijing said pension funds and mutual funds would be required to increase purchases of shares,

(Reuters) -OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday.

Investors will be looking out for Malaysia’s central bank policy meeting today, where it’s expected to keep its policy rate steady at 3%.

President Donald Trump has announced the Stargate initiative, a significant collaboration involving OpenAI, SoftBank, and Oracle, with an initial investment of $100 billion. The project aims to enhance the U.

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

The project, which will be financially led by SoftBank and operationally by OpenAI, will see an immediate investment of $100 billion. Masayoshi Son will be the chairman of the company.

Foxconn had made a fortune manufacturing the Apple iPhone at its factories in China and happened to be a long-time business partner of SoftBank, Masa explained. Trump grew visibly excited.

The president said it will be the largest AI infrastructure ever built and that it will help counter technology threats from China and other countries.