SoftBank Group is pursuing an investment in Tokyo Electric Power to secure electricity supply needed to scale its artificial intelligence infrastructure ambitions.

SoftBank CEO Masayoshi Son told shareholders that AI is still in its early stages and dismissed bubble concerns as 'blasphemy against AI' at the company's annual meeting.

CNBC reported Asian tech stocks fell as AI-related IPOs and fundraising appeared to divert investor capital from listed chip names.

CNBC says SoftBank's France commitment and Nvidia's PC expansion led AI-focused market headlines as June opened.

SoftBank rallied as investors focused on Masayoshi Son's AI-market bets, including OpenAI exposure and infrastructure ambitions.

SoftBank is reportedly preparing a U.S. AI and robotics spinout focused on data centers and a potential $100 billion IPO.

SoftBank is pursuing a bridge loan of up to $40 billion, primarily to fund its stake in OpenAI, in what would be one of the largest financing deals ever arranged for a single technology investment.

OpenAI has closed one of the largest private funding rounds in history at $110 billion, with Amazon investing $50 billion and Nvidia and SoftBank each contributing $30 billion at a $730 billion pre-money valuation.

SoftBank Group is in discussions to invest $30 billion in OpenAI as part of a funding round that could raise up to $100 billion and value the company at $830 billion.