Business News

SoftBank plans to invest $53 billion in France to build large-scale AI data center infrastructure over the next five years.The move comes as the company overtakes Toyota to become Japan’s most valuable firm.

JPMorgan Chase may spend as much as $20 billion on a major acquisition, according to CEO Jamie Dimon. The bank says it is actively searching for opportunities that fit its strategy and culture.

Micron’s market value crossed $1 trillion for the first time after its shares surged 18%. Strong AI demand for memory chips is pushing the company to record-breaking growth.

SoftBank shares have jumped sharply as investor excitement around AI continues to grow. The company has gained over $61 billion in market value in just two days of trading.

LVMH is selling the Marc Jacobs fashion brand to WHP Global and G-III Apparel Group in a major $850 million deal. Marc Jacobs will remain as creative director as the brand enters a new chapter under new ownership.

SoftBank’s massive investment in OpenAI helped the company record a $46 billion gain through its Vision Fund. The Japanese tech giant is doubling down on AI despite growing concerns about debt and portfolio risk.‍

Nvidia has committed more than $40 billion to AI-related investments in 2026 so far. A large part of that spending includes a reported $30 billion investment tied to OpenAI.

OnlyFans has sold a 16% stake to investment firm Architect Capital in a deal valuing the company at $3.15 billion. The partnership could help OnlyFans expand into financial services for creators on the platform.

DeepSeek is reportedly in talks for its first major funding round, with its valuation jumping from $20 billion to as high as $45 billion. The surge reflects strong investor interest in its low-cost AI models that rival top U.S. systems.

Apple has agreed to a $250 million settlement over allegations that it overstated its AI features ahead of the iPhone 15 and iPhone 16 launches. The lawsuit said customers were misled into expecting advanced Siri upgrades that were not ready at the time of purchase.

Warner Bros. Discovery posted a major loss this quarter due to deal-related costs and restructuring charges. Despite this, its streaming business continued to grow strongly.

SpaceX is considering building a giant chip manufacturing facility in Texas that could cost up to $119 billion. The project is designed to produce advanced chips for AI systems, satellites, and autonomous technology.

Snap has officially ended its $400 million partnership with Perplexity, which was meant to bring AI search into Snapchat. The company says the deal was ended mutually and will no longer contribute to future revenue forecasts.

Disney reported higher-than-expected earnings as Disney+ and Hulu profits saw a huge increase during the latest quarter. The company also highlighted strong performances from streaming, movies, sports, and theme parks.

Samsung’s market value has passed $1 trillion after its stock jumped more than 15% in one day. The surge was driven by strong AI demand, record profits, and growing excitement around its memory chip business.

BYD sold more than twice as many vehicles as Tesla in the UK during the first four months of 2026.The company also became Brazil’s top-selling car brand in April, beating Volkswagen for the first time.