SoftBank Buys Foxconn’s Ohio Plant to Boost Stargate AI Push
SoftBank Group Corp. has acquired Foxconn Technology Group's electric vehicle plant in Ohio. This move is part of SoftBank's efforts to boost its Stargate AI project, a $500 billion initiative developed in collaboration with OpenAI and Oracle Corp. The Stargate project aims to build a large-scale data center infrastructure to support advanced AI systems. By acquiring the Ohio plant, SoftBank is positioned to leverage Foxconn's manufacturing expertise and facilities to accelerate the development and deployment of Stargate's AI capabilities. The acquisition highlights SoftBank's strategic focus on AI and its desire to establish a strong presence in the growing field of artificial intelligence. The partnership with OpenAI and Oracle is seen as a way for SoftBank to stay competitive in the rapidly evolving AI landscape and potentially gain a competitive edge in the market.
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