The auctions were the result of a civil lawsuit against Larmore and Arciterra filed by the Securities and Exchange Commission, which accused the company in November 2023 of defrauding its investors out of $35M. A judge placed the properties in receivership a month later, and the receiver hired Marcus & Millichap to find buyers.

The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a

SoftBank is in talks to inject up to $25 billion directly into OpenAI, positioning the Japanese tech conglomerate to become the ChatGPT maker's largest financial backer, according to initial reporting from the Financial Times on Wednesday evening.

Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.

In his newly built palace near Tokyo, lined by stone statues of Roman emperors and surrounded by an 18-hole golf course, Masayoshi Son was stewing. After declaring for years the imminent arrival of the artificial-intelligence revolution,

President Donald Trump's behemoth $500 billion AI infrastructure project, dubbed Stargate, may be doomed from the start. According to the Financial Times' sources, the project will "exclusively serve" OpenAI,

Alphabet's Google must face an antitrust lawsuit brought by a Texas-led coalition of U.S. states accusing the technology giant of unlawfully dominating digital advertising markets, a federal judge ...

The 2024 U-Haul Growth Index found that one Southeastern U.S. state ranked as the most popular place to move to last year, beating Texas and Florida. Countless Americans are looking to buy a house ...

Kratos Defense & Security Solutions Inc is a technology firm focused on the defense, national security, and commercial sectors. With a strong emphasis on innovation, Kratos develops advanced ...

SoftBank is reportedly in talks to invest as much as $25 billion into OpenAI in a deal that would make it the artificial intelligence firm’s largest backer. The deal, which has not yet been finalized,