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Jon Keegan

SoftBank’s Masayoshi Son wants to build a $1 trillion AI industrial park in Arizona

One of the arguments for explaining why the US can’t manufacture many of the high-tech items we import from China is that America lacks dedicated manufacturing hubs like Shenzen, China, where hyperlocal supply chains (and cheap, skilled labor) can crank out mobile phones, laptops, and other electronics like nowhere else.

SoftBank CEO and founder Masayoshi Son wants to build such a hub in the US, according to a report from Bloomberg. Never one for modest plans, Son is suggesting what he calls “Project Crystal Land,” a massive industrial park in Arizona to build robots and AI.

Son is apparently pitching the concept to the Trump administration and wants to partner with TSMC and Samsung, but the report said those companies haven’t confirmed anything.

SoftBank is already the lead backer of the $500 billion Stargate AI data center project it’s building with OpenAI and Oracle, and is seeking loans to fund the project, which has been off to a slow start.

Masa Son Pitches $1 Trillion US AI Hub to TSMC, Trump Team

Masa Son Pitches $1 Trillion US AI Hub to TSMC, Trump Team

SoftBank CEO and founder Masayoshi Son wants to build such a hub in the US, according to a report from Bloomberg. Never one for modest plans, Son is suggesting what he calls “Project Crystal Land,” a massive industrial park in Arizona to build robots and AI.

Son is apparently pitching the concept to the Trump administration and wants to partner with TSMC and Samsung, but the report said those companies haven’t confirmed anything.

SoftBank is already the lead backer of the $500 billion Stargate AI data center project it’s building with OpenAI and Oracle, and is seeking loans to fund the project, which has been off to a slow start.

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Salesforce falls as Anthropic debuts Cowork tool

Salesforce is on track for its worst trading day in nearly two years, with shares down more than 6% Tuesday afternoon. One potential contributor: Anthropic’s release of Cowork, an autonomous digital assistant for completing office tasks. Essentially, Cowork is an agent-based version of Anthropic’s Claude chatbot that can access and manipulate files, automate workflows, and execute tasks on a user’s behalf.

Salesforce watchers will recall that the SaaS giant has thrown its weight behind its own agent-based workplace AI, Agentforce, which CEO Marc Benioff recently described as one of the company’s two main “momentum drivers.” In December, Benioff said he would consider renaming the company "Agenforce."

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Meta is no Google or Microsoft, but it’s spending like it is.

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Google reaches record high and crosses $4 trillion market cap after major wins for Gemini

Google parent Alphabet closed yesterday at a record-high stock price of $331.86, giving the company a market capitalization just above $4 trillion, as investors reward a string of wins for its Gemini AI model, including high-profile partnerships with Apple and Walmart.

After months of speculation, Apple announced a multiyear partnership to use Gemini to power its AI assistant, Siri, a major endorsement of Google’s AI prowess. That same day, Walmart said it would partner with Google to let customers purchase products directly through the Gemini chatbot, a move that would put Gemini in front of millions of Walmart shoppers and test whether AI chatbots can drive real commerce at scale rather than isolated queries. (Amazon, OpenAI, and Microsoft are experimenting with similar AI shopping tools.)

The stock is up nearly 1% again in premarket trading today. While Microsoft and Apple have both crossed $4 trillion in the past, they’ve since dipped below it, leaving Google and Nvidia as the only companies currently valued above the threshold.

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