Enterprise

• OpenAI and SoftBank announce $1 billion investment in SB Energy as part of massive AI buildout - OpenAI and SoftBank agreed to invest $1 billion into a SoftBank-backed energy provider as the companies prepare for a massive buildout of AI data centers.
• Microsoft revealed as company behind controversial data center proposal in Michigan township - Locals have concerns about water use in a township that has dealt with shortages.
• AMD's Lisa Su says AI isn't replacing people, but is changing who they hire - AMD CEO Lisa Su said AI has not slowed the pace of hiring at the company.
• Democratic mayor of Silicon Valley's largest city opposes billionaire tax - Matt Mahan, the Democratic mayor of San Jose, California, came out against a proposed ballot measure that would impose a tax on billionaires in the state.
• Chip stocks rally to start 2026 after third-straight winning year - Investors piled into the winning artificial intelligence-adjacent sector following another big year of gains.
• Oracle shares on pace for worst quarter since 2001 as new CEOs face concerns about AI buildout - Investors want to know if Oracle, under new CEOs Clay Magouyrk and Mike Sicilia, can pay for and deliver data centers packed with Nvidia chips for OpenAI.
• Exclusive: Nvidia buying AI chip startup Groq for about $20 billion in its largest acquisition on record - Nvidia is making its largest purchase ever, acquiring nine-year-old chip startup Groq for about $20 billion.
• These 5 infrastructure stocks have more than tripled this year on the AI trade - While Nvidia has been the biggest infrastructure winner during the AI boom, other data center stocks have performed better this year.
• Motive, an Alphabet-backed fleet management software company, files for IPO - Motive says its products, including a dashboard camera for tracking truckers, have saved over 1,000 lives.
• ServiceNow acquiring cybersecurity startup Armis for nearly $8 billion - The enterprise software company said the deal will bolster its cybersecurity capabilities in the age of artificial intelligence.