Shares of SoftBank Group in Japan soared by up to 8% on Tuesday, fueled by widespread market anticipation of the returns stemming from the tech investor's enduring commitment to the artificial intelligence sector. Bloomberg reported on Friday that SoftBank Group was revealed as the anonymous purchaser of Foxconn Technology Group's electric vehicle factory in Ohio, with intentions to integrate the facility into its ambitious $500 billion 'Star Gate' data center project—a collaborative endeavor between SoftBank, OpenAI, and Oracle Corporation.
