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SoftBank (TYO: 9984) Faces AI Funding Test as Investors Focus on OpenAI Investment Strategy Ahead of Q1 Earnings
SoftBank Group Corp will report Q1 FY2026 earnings on August 6, 2026. Investors are closely watching how the company funds its massive OpenAI commitments. SoftBank’s share price has dropped nearly half since early June 2026. Analysts expect net profit of ¥148.4 billion for the April-June quarter. SoftBank Q1 Earnings Preview: What Analysts Expect Four analysts…
South Korea’s Kospi Tumbles 5% on AI Chip Fears, Reversing Friday’s Record Rally
South Korea’s Kospi index fell 5% on August 3 after a record 17.9% rally Friday, as Samsung and SK Hynix dropped 9% each. Leverage-fueled selling and AI spending concerns drove the reversal.
Apple Restores Telegram to App Store After Guideline Breach; Developer Removed Violating Content and Banned User
Apple briefly removed Telegram from the App Store worldwide on Monday, August 3, 2026. The company said a routine review found content violating its guidelines against child sexual abuse material. Telegram acted quickly, removing the flagged content and banning the responsible user. Apple restored the messaging app within hours of the initial takedown. Apple’s Telegram…
Jeff Bezos Backs $2.6B AI Startup Tackling Chip Material Shortage
Jeff Bezos backs CuspAI’s $450M Series B round at $2.6B valuation. The AI startup partners with Nvidia and Meta to discover chip materials, tackling gallium and rare element shortages.
DeepSeek AI Launches Ultra-Low-Cost V4-Flash Model Ahead of Potential IPO
DeepSeek AI released the official version of its V4-Flash model on July 31, 2026, undercutting rivals on price by a wide margin. The Chinese startup’s new model costs over 100 times less to operate than Anthropic’s Claude Fable 5, according to research firm Artificial Analysis. The launch comes as DeepSeek AI reportedly prepares for a…
US Stock Market Today: Dow, Nasdaq, and S&P 500 Futures Climb to Start August
US stock market futures moved higher on August 1, 2026, giving Wall Street a solid start to the new month. Dow, Nasdaq, and S&P 500 futures all advanced in premarket trading as easing geopolitical tensions and falling oil prices improved investor confidence. Traders are also looking ahead to a busy week packed with economic data…
Prysmian Strikes $3.8 Billion Agreement to Buy U.S. Firm Atkore
On August 3, 2026, Italian cable maker Prysmian agreed to acquire U.S.-based electrical products company Atkore in a $3.8 billion cash deal. It is one of the largest industrial acquisitions announced this year. The agreement comes as investment in AI data centers, power grid upgrades, and electrification projects continues to grow. Prysmian plans to expand…
Nikkei 225 Falls Over 2% as Stronger Yen Pressures Japanese Exporters
On August 3, 2026, the Nikkei 225 dropped more than 2% after the Japanese yen strengthened, triggering a wave of selling in export-driven stocks. Automakers and technology companies were among the hardest hit because a stronger yen reduces the value of overseas earnings when they are converted into Japan’s currency. The decline also raised fresh…
CuspAI Hits $2.6 Billion Valuation After Jeff Bezos, Nvidia, and Meta Back AI Materials Startup
Cambridge-based AI startup CuspAI secured $450 million in a Series B funding round on July 20, 2026. The funding pushed its valuation to $2.6 billion, backed by Jeff Bezos, Nvidia, and Meta. CuspAI uses artificial intelligence to discover new materials for chipmaking, clean energy, and manufacturing. The round marks a fivefold jump from its $520…