50m ago
SoftBank’s $50B Switch takeover for Stargate AI stalls amid cost, control and credit concerns
On January 26 2026, reports indicated that Masayoshi Son has halted SoftBank’s planned $50 billion acquisition of U.S. data center operator Switch, a deal meant to underpin the $500 billion Stargate AI infrastructure initiative. SoftBank instead completed a $3 billion purchase of DigitalBridge and is now exploring smaller investment or partnership structures with Switch, while its aggressive AI spending and use of Arm shares for margin loans draw fresh scrutiny from credit rating agencies. The shelved buyout leaves Stargate’s data center strategy unresolved as Switch’s backers weigh a potential IPO valuing the company at about $60 billion including debt.
50m ago
1h ago
Synthesia secures $200 million at $4 billion valuation to expand Nvidia-backed AI avatars for corporate HR and training
Synthesia has raised $200 million at a $4 billion valuation to develop interactive AI video avatars focused on sales training, recruitment, and internal HR use. The London startup, backed in this round by GV, Nvidia, Accel, Hedosophia, and Evantic Capital, is shifting away from consumer-facing media toward enterprise training and communications. Led by CEO Victor Riparbelli, the company reports annual recurring revenue exceeding $100 million and is testing new question-answering avatars with clients including Microsoft, UBS, and Ford.
1h ago