Microsoft, SoftBank, and Tesla Make Big AI and Tech Moves

Microsoft announced it will invest $18 billion to expand its AI capacity in Australia by 2029. Separately, SoftBank is seeking a $10 billion loan backed by its shares in OpenAI, the company behind ChatGPT.

Tesla reported a rebound in sales and higher profits after a slump last year. Meanwhile, venture firms Andreessen Horowitz and Thrive Capital are poised for a big payout from SpaceX’s bid for the AI startup Cursor.