OpenAI has become the world’s most valuable startup after reaching a staggering $500 billion valuation in a secondary share sale. The artificial intelligence giant now dwarfs other major startups including SpaceX and ByteDance. Among crypto companies, Tether emerges as the closest competitor to this monumental valuation, far outpacing established players like Coinbase, Ripple, and Circle.
about OpenAI Hits $500B Valuation, Tether Closest Crypto RivalSoftBank Group Corp
0 in Finance and 0 in Crypto last weekJapanese stock market rebounds amid global tariff concerns and economic data release
The Japanese stock market ended a two-day losing streak, with the Nikkei 225 rising 113.80 points to close at 38,256.17, driven by gains in financial, technology, and automobile sectors. However, global market concerns over U.S. tariffs and a grim Wall Street lead suggest potential declines ahead. Economic data from Japan is set to be released, with expectations of a slight dip in industrial production and a rise in retail sales.
about Japanese stock market rebounds amid global tariff concerns and economic data releaseJapan stock market shows mild gains amid mixed global trends
The Japanese stock market has seen a slight increase, with the Nikkei 225 rising 96.15 points to close at 39,270.40, supported by gains in financial and automobile sectors. Global markets are expected to remain flat to higher, influenced by modest movements in U.S. indices. Economic data from Japan, including trade balance and machinery orders, is anticipated to show mixed results, with imports and exports projected to rise significantly.
about Japan stock market shows mild gains amid mixed global trendsJapan stock market faces decline amid mixed global economic signals
The Japanese stock market ended its three-day winning streak, with the Nikkei 225 dropping 312.04 points or 0.79 percent to close at 39,149.43. The decline was influenced by mixed performances in automobile and technology stocks, while financial shares provided some support. Global market trends remain weak, with energy stocks expected to lead losses as traders react to uncertain economic signals from the U.S. and upcoming GDP data from Japan.
about Japan stock market faces decline amid mixed global economic signalsSoftBank Invests 50 Million in Cipher Mining for HPC Growth
SoftBank has invested $50 million in Cipher Mining to enhance its high-performance computing (HPC) infrastructure, aiming to strengthen its presence in AI and blockchain sectors. This partnership will facilitate Cipher’s expansion in data centers and improve access to SoftBank’s global technology network, positioning the company for future growth in both crypto and AI applications.
about SoftBank Invests 50 Million in Cipher Mining for HPC GrowthGlobal Shares Rise as US Federal Reserve Holds Interest Rates Steady
Global shares mostly rose as the U.S. Federal Reserve decided to maintain interest rates, signaling stability in the economy. Japan’s Nikkei 225 increased by 0.3%, while European markets also saw gains. However, some Asian markets remained closed for the Lunar New Year holiday. In corporate news, SoftBank Group’s stock fell 1.1% amid investment talks with OpenAI, while Nissan Motor’s shares rose 1.4% after announcing production cuts in the U.S. Energy prices saw slight declines, with U.S. crude at $72.44 a barrel.
about Global Shares Rise as US Federal Reserve Holds Interest Rates SteadyAsian shares rise as US Federal Reserve holds interest rates steady
Asian shares mostly rose as the U.S. Federal Reserve decided against cutting interest rates, maintaining a stable economic outlook. Japan’s Nikkei 225 increased by 0.4%, while Australia’s S&P/ASX 200 rose 0.7%. However, concerns linger over the U.S. economy and the impact of AI developments, particularly following a significant drop in Nvidia’s stock.
about Asian shares rise as US Federal Reserve holds interest rates steadyDeepSeek AI Disruption Causes Historic Loss for Nvidia and Tech Stocks
DeepSeek, a low-cost Chinese AI startup, has caused a seismic shift in global tech markets, leading to a record $593 billion loss for Nvidia in a single day. The launch of its free AI assistant, which claims to be significantly cheaper and more efficient than existing models, has raised concerns about the future demand for chips and data centers. Major tech stocks, including Broadcom, Microsoft, and Google, also experienced substantial declines as investors shifted towards safer assets amid heightened market volatility.
about DeepSeek AI Disruption Causes Historic Loss for Nvidia and Tech StocksInvestors React to DeepSeek’s AI Model Challenging Western Tech Dominance
Investors sold off major tech stocks, including Nvidia and Oracle, following the launch of DeepSeek’s low-cost AI model, raising concerns about Western companies’ dominance in the sector. The Nasdaq 100 futures dropped nearly 4%, marking potential significant losses, while shares in AI firms tumbled globally. The emergence of cheaper AI alternatives has sparked questions about the sustainability of current investment levels in AI technologies.
about Investors React to DeepSeek's AI Model Challenging Western Tech DominanceJapan chip stocks decline amid DeepSeek’s challenge to US AI dominance
Japan’s chip stocks plummeted as Chinese AI startup DeepSeek challenges U.S. dominance in artificial intelligence, raising concerns for Asian tech firms. Key players like Advantest and Softbank Group saw significant declines, with fears that DeepSeek’s advancements could threaten the pricing power of U.S. tech giants. The situation has sparked worries about Japan’s semiconductor ambitions amid China’s rapid progress in the sector.
about Japan chip stocks decline amid DeepSeek's challenge to US AI dominanceStocks Surge as Trump Promotes AI Spending Amid Tariff Uncertainty
European stocks reached a record high, buoyed by optimism over Donald Trump’s AI spending plans, which alleviated tariff concerns. The Stoxx Europe 600 rose 0.7%, while US equity futures indicated continued market strength, particularly in tech stocks. SoftBank’s shares surged over 10% after being named a partner in a US infrastructure venture, and Netflix’s premarket gains suggested it could hit an all-time high following strong quarterly results.
about Stocks Surge as Trump Promotes AI Spending Amid Tariff Uncertainty