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Digitalbridge

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SoftBank to Boost AI Focus with $4 Billion DigitalBridge Acquisition

Originally Published 13 days ago — by Investor's Business Daily

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Source: Investor's Business Daily

SoftBank is acquiring DigitalBridge in a $4 billion deal to bolster its AI infrastructure investments, aiming to develop next-generation AI data centers and advance its vision of Artificial Super Intelligence, with DigitalBridge continuing to operate as a separate platform.

Key Points to Know Before the Stock Market Opens

Originally Published 13 days ago — by Yahoo Finance

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Source: Yahoo Finance

Stock futures are slightly down after last week's gains, with market focus on DigitalBridge's potential acquisition by SoftBank, rising oil prices due to geopolitical tensions, and a decline in gold and silver after record highs, as investors navigate holiday trading and economic uncertainties.

SoftBank Nears $4 Billion Deal to Acquire DigitalBridge Data Center Firm

Originally Published 13 days ago — by Yahoo Finance

Featured image for SoftBank Nears $4 Billion Deal to Acquire DigitalBridge Data Center Firm
Source: Yahoo Finance

SoftBank is acquiring DigitalBridge for $4 billion to strengthen its AI infrastructure portfolio, with DigitalBridge being a major investor in digital infrastructure assets. The deal aims to capitalize on the growing demand for AI computing capacity, and DigitalBridge will continue to operate as a separate platform under its current leadership.

"Intel and DigitalBridge Unveil Articul8, a Joint Venture in Enterprise Generative AI"

Originally Published 2 years ago — by Reuters

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Source: Reuters

Intel has announced the creation of a new independent company, Articul8 AI, focusing on artificial intelligence software, with investment from DigitalBridge Group and other investors. The company, which will not be publicly traded, stems from Intel's collaboration with Boston Consulting Group and aims to address the challenges of implementing AI in a secure, cost-effective manner for businesses. Articul8 AI will operate with an independent board, and Intel will remain a shareholder. This move is part of Intel's broader strategy to seek external capital for its business units, following similar actions with Mobileye Global and its programmable chip unit.

"CarMax, Accenture, Peloton, Jefferies, and More: Midday Stock Movers"

Originally Published 2 years ago — by CNBC

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Source: CNBC

Trimble's stock jumped 6.4% after AGCO Corp announced its acquisition of an 85% stake in Trimble's agribusiness for $2 billion; DigitalBridge shares rose 5.8% following an upgrade by JPMorgan; Jefferies Financial Group's stock rose over 2% despite third-quarter profits being impacted by a slowdown in dealmaking; Duolingo shares gained 4.5% after receiving a buy rating from UBS; CarMax's stock fell 9.5% as the company reported lower earnings and revenue due to weakening demand for used cars.