Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.

TOKYO -- Japanese billionaire Masayoshi Son's SoftBank Group plans to contact big investment firms including Apollo Global Management about fundraising for a U.S. artificial intelligence project proposed by President Donald Trump, Nikkei has learned.

SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later.

Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy

Japan’s chip-related shares including Advantest Corp. tumbled as Chinese AI startup DeepSeek gained traction, raising concern the app will threaten US’s technological leadership.Most Read from BloombergWhat Happened to Hanging Out on the Street?

U.S. President Donald Trump announced on January 21 that Japan's SoftBank Group, Open AI and Oracle will together

Large technology firms paced declines, with Advantest Corp. sliding as much as 11% in Tokyo and SoftBank Group Corp. slumping 6%.

The president said it will be the largest AI infrastructure ever built and that it will help counter technology threats from China and other countries.

Announced on Day One of Trump’s second term, the news indicates that artificial intelligence is going to be a priority for the incoming administration.

OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.

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