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People walk behind the logo of SoftBank Corp in Tokyo.

REUTERS/Toru Hanai/File Photo

Hard Numbers: SoftBank’s hardy investment, Grok gets cash infusion, Humane’s rescue plan, Kenya’s tech upgrade, News Corp and OpenAI strike a deal

9 billion: SoftBank, the Japanese technology conglomerate, plans to invest $9 billion per year into artificial intelligence. SoftBank is the main backer of Arm, the British chip design company that went public in September 2023 and has soared nearly 90% since its IPO on market-wide AI fervor.
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Biden, Microsoft, and the United Arab Emirates

Microsoft has quickly become the most important investor in artificial intelligence technology, holding a $13 billion stake in ChatGPT-maker OpenAI. It’s a peculiar deal with a revenue-sharing agreement that’s raised eyebrows from global regulators. But its latest billion-dollar investment is perhaps even more of an eyebrow-raiser.

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