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President Donald Trump will review a final proposal regarding TikTok on April 2, which includes potential investors such as Blackstone and Oracle. A meeting in the Oval Office will involve key officials, but it remains uncertain if Trump will approve the strategy. TikTok's parent company, ByteDance, must divest its stake by April 5 to avoid a US ban, following a deadline extension from January 19.
SoftBank Group Corp. is negotiating a $16.5 billion loan for its AI initiatives in the U.S., marking its largest dollar loan to date. This 12-month bridge loan is still in preliminary discussions with banks and could support SoftBank's $500 billion AI infrastructure project, including a potential investment in OpenAI's $40 billion funding round.
Lloyds Banking Group is enhancing its partnership with Oracle by migrating its databases to Oracle Database@Azure, utilizing Oracle Cloud Infrastructure within Microsoft Azure data centers in the UK. This multicloud approach aims to accelerate digital technology adoption, improve customer services, and support the bank's £4 billion transformation initiative.The bank has already hired 1,500 tech and data employees to drive innovation and efficiency in the financial sector. With 50% of its on-premise estate cleared, Lloyds is consolidating data centers and establishing a private cloud to further streamline operations.
UBS has maintained a Buy rating on Microsoft stock with a price target of $525, highlighting the company's significant investment in OpenAI as a key driver of its AI strategy. Despite competition, analysts remain optimistic, with Goldman Sachs and Stifel also issuing buy ratings and targets of $500 and $515, respectively. Recent developments include Microsoft's proposed $500 billion Stargate Project to enhance AI infrastructure and its involvement in a $100 billion joint venture with SoftBank, OpenAI, and Oracle.
UBS has reaffirmed a buy recommendation for Microsoft shares with a price target of $525, highlighting the company's strategic partnership with OpenAI as crucial for its AI ambitions. Analysts suggest that increased transparency regarding capital expenditures could enhance investor sentiment. Additionally, Microsoft's planned $500 billion investment in AI infrastructure and its involvement in a $100 billion joint venture with SoftBank, OpenAI, and Oracle further demonstrate its commitment to the AI sector.
UBS reports a modest improvement in cloud infrastructure spending, with Microsoft, AWS, and Google Cloud poised to benefit from increased migration to cloud services. While AWS and Azure face limited immediate upside, Google Cloud may see more significant growth. Concerns linger over European spending and data center capacity, but optimism for 2025 remains.
UBS reports a modest improvement in cloud infrastructure spending, with Microsoft, AWS, and Google Cloud poised to benefit from increased migration to cloud services. While AWS and Azure face limited immediate upside, Google Cloud may experience more significant growth. Concerns linger over European spending and data center capacity, but optimism for 2025 remains strong. Additionally, Microsoft is set to gain from the Stargate Project, a $500 billion AI infrastructure initiative, despite recent executive changes.
Elon Musk expressed skepticism about the $500 billion Project Stargate, claiming that lead investor SoftBank has secured "well under $10B." The initiative, announced at a White House briefing, aims to create extensive AI infrastructure in the U.S. and includes plans for a $100 billion initial investment, starting with a data center in Texas. Musk's comments raise concerns about the project's financial viability, despite support from major tech partners like Microsoft and Oracle.
President Trump expressed openness to Elon Musk or Larry Ellison acquiring TikTok in a joint venture with the U.S. government, suggesting a deal where half of the app would go to the U.S. He extended the sale deadline by 75 days, despite ByteDance's refusal to sell. Potential buyers, including a group led by Jesse Tinsley and offers from Frank McCourt and Kevin O'Leary, are emerging amid uncertainty over China's stance on the sale.
President Donald Trump expressed openness to the idea of Elon Musk or Larry Ellison purchasing TikTok, emphasizing that the app's value could soar to $1 trillion with U.S. operational permits. He suggested that a buyer could share half of the app with the U.S. in exchange for the necessary permits. TikTok, currently owned by China's ByteDance, faces uncertainty in the U.S. following a recent executive order aimed at keeping it operational for 75 days.
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