Express News | Japanese Media: SoftBank Plans to Collaborate with NVIDIA and Foxconn to Develop Japan-Made AI Servers

Breakings01:06

No one dares to lend 10 billion USD; SoftBank's OpenAI guarantee-backed loan target has been lowered to 6 billion.

SoftBank's billion-dollar financing plan, backed by OpenAI equity, has encountered a major setback, with the loan target size being slashed from $10 billion to $6 billion. The crux of the issue lies in lenders' inability to determine a reasonable valuation for this privately held AI giant. Meanwhile, OpenAI's repeated failure to meet sales targets and the missed ChatGPT user milestones have deepened external concerns.

wallstreetcn16:51

Express News | SoftBank has cut the margin loan target for OpenAI by 40% to USD 6 billion.

Breakings15:16

Asia-Pacific stock markets performed well, with Japan, South Korea, and Taiwan hitting record highs amid strong support for technology stocks.

Amid optimism that the U.S.-Iraq war is nearing its end, the three major U.S. stock indices performed well overnight (on the 6th), with the S&P 500 and Nasdaq reaching new historical highs. The Asia-Pacific stock markets also performed strongly, with Japan, South Korea, and Taiwan's stock markets hitting record highs. The central parity rate of the renminbi against the U.S. dollar reached a new high since March 2023. The People's Bank of China conducted a seven-day reverse repo operation, withdrawing 99.2 billion yuan in net liquidity in a single day. The Shanghai Composite Index closed at 4,170 points at midday, marking a more than two-month high, up 10 points or 0.3%; the Shenzhen Component Index stood at 15,569 points, continuing to reach a new high in over five years, up 109 points or 0.7%. The Hang Seng Index of Hong Kong stocks rose by 410 points or 1.6% to 26,623 points, with trading volume reaching 165.8 billion Hong Kong dollars.

AASTOCKSMay 7 12:49

Express News | Cailian Press Selects Noon News Highlights for May 7

BreakingsMay 7 12:04

Panasonic HD, Nipro, and others

- Panasonic HD <6752> to strengthen heating equipment in Europe, expand heat pump systems and refrigerants (Nikkan Kogyo, page 3) - Nipro <8086> Nipro Pharma to build injection facility in Shiga, operational in August, with annual production of 47.7 million units (Nikkan Kogyo, page 3) - Nissan <7201> begins consultations for 10% workforce reduction in Europe, UK lines to be consolidated (Nikkan Kogyo, page 3) - Itochu <8001> intensifies push into anime and character IP, expanding content portfolio (Nikkan Kogyo, page 4) - SKY Perfect JSAT <9412> analyzes ground surface deformation

Fisco JapanMay 7 07:08