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SoftBank to Rent 10-Gigawatt AI Compute in US at Scale

SoftBank plans to rent massive AI compute capacity at 10 gigawatts in the US, signaling a major push in AI infrastructure amid chip stock declines and market fears.

News

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SoftBank announced plans to rent 10GW of AI compute in the US, boosting infrastructure amid chip selloff fears. This move aims to support large-scale AI models and industry growth.

Lead Story
tech
Finance and Tech Cut 28,000 Jobs Monthly as AI Takes Hold
Source: BloombergJuly 2, 2026

Excerpt from Bloomberg: Signs of slower hiring, attrition and companies deciding not to replace exiting workers.

Amazon is selling wireless Bluetooth earbuds with 30,400+ 5-star ratings for just $10
Source: TheStreetJuly 2, 2026business

Excerpt from TheStreet: "I'm hearing sounds that I have never heard from music that I have listened to for years," another shopper said.

Investors Are Using Leveraged ETFs to Turbocharge AI Bets
Source: BloombergJuly 2, 2026finance

Excerpt from Bloomberg: Funds have begun to magnify swings in stocks like SK Hynix, analysts say

OpenAI Proposes Giving 5% Stake to US Government: FT
Source: BloombergJuly 2, 2026tech

Excerpt from Bloomberg: OpenAI has begun preliminary discussions about giving the US government a 5% stake in the ChatGPT-developer. The Financial Times reported that executives proposed the move as part of a broader arrangement under which Washington would hold 5% of each of the leading American AI…

US Jobs Preview: What to Watch for in the June Report
Source: BloombergJuly 2, 2026finance

Excerpt from Bloomberg: US employment growth is expected to show an improvement in June with the unemployment rate holding steady at 4.3%. Michael McKee has a preview on Bloomberg Television. (Source: Bloomberg)

French Heat Wave Kills Poultry, Corn Crops in Key Farming Nation
Source: BloombergJuly 2, 2026finance

Excerpt from Bloomberg: France’s record-breaking heat has cut as much as 30% of corn production in Europe’s top farming nation and killed hundreds of thousands of poultry.

South Africa’s DA Head Vows to Enforce Consultation in Coalition
Source: BloombergJuly 2, 2026politics

Excerpt from Bloomberg: The leader of the Democratic Alliance, South Africa’s second-largest political party, will enforce broader consultation in the nation’s ruling coalition as he reiterated his commitment to the alliance.

USMCA Upset Crashes Mexico’s World Cup Party
Source: BloombergJuly 2, 2026politics

Excerpt from Bloomberg: It’s another uncertainty for ties that already entangle trade, migration, fentanyl, autos and politics.

Treasuries Slip Before Payrolls as Traders Weigh Warsh Comments
Source: BloombergJuly 2, 2026finance

Excerpt from Bloomberg: Treasuries edged lower as traders awaited a US employment print that may give clues on the Federal Reserve’s interest-rate path after Chairman Kevin Warsh struck a dovish tone on inflation.

China and US Target Tariff Reductions on Agricultural Products
Source: BloombergJuly 2, 2026finance

Excerpt from Bloomberg: China and the US are seeking to roll back tariffs on some agricultural products, as they look to preserve a broader trade truce that was struck last year.

Meta Fuels AI Capacity Glut Fears, Chip Stocks Slump | The Pulse 7/2/2026
Source: BloombergJuly 2, 2026finance

Excerpt from Bloomberg: "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's…

SpaceX Analyst Debut Set to Test $2.2 Trillion Valuation
Source: BloombergJuly 2, 2026tech

Excerpt from Bloomberg: Investors in SpaceX have been largely flying blind since the company’s record-breaking IPO last month, with few financial projections to help determine what the stock is actually worth.

Khamenei’s Funeral Draws Chinese and Russian Dignitaries to Iran
Source: BloombergJuly 2, 2026politics

Excerpt from Bloomberg: Iran is set to host foreign officials from key backers including China and Russia this weekend for the funeral of former Supreme Leader Ali Khamenei.

Robinhood makes controversial change to beloved product
Source: TheStreetJuly 2, 2026business

Excerpt from TheStreet: Robinhood spent Wednesday announcing a slew of new crypto and AI features at a keynote event in London, but perhaps one of its biggest changes happened offscreen, unannounced to the public. Per documents reviewed by TheStreet, Robinhood quietly added Foreign Transaction Fees…

Walmart’s top $160 mini chest freezer is 44% off ahead of 4th of July
Source: TheStreetJuly 2, 2026business

Excerpt from TheStreet: Stock up on food and keep produce, protein, and more stored for longer in this energy-efficient appliance.

SAP Restricts Hiring, Travel to Fund ‘Significant’ AI Push
Source: BloombergJuly 2, 2026tech

Excerpt from Bloomberg: SAP SE said it will cut back hiring and travel to save costs as Europe’s largest software company devotes more resources to developing artificial intelligence technologies and fending off new competitors.

Google Loses EU Top Court Fight Over €4.1 Billion Android Fine
Source: BloombergJuly 2, 2026tech

Excerpt from Bloomberg: Google lost its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc’s top judges said regulators were right to punish the US giant for abusing Android’s market power.

SoftBank Plans to Rent AI Compute in US at 10-Gigawatt Scale
Source: BloombergJuly 2, 2026tech

Excerpt from Bloomberg: SoftBank Group Corp. and its telecom unit will start renting AI computing resources to US companies next fiscal year, using a growing pipeline of data centers to compete with the likes of CoreWeave Inc. and Nebius Group NV.

NZ’s Peters Fears Potential Curbs on Indian Migration
Source: BloombergJuly 2, 2026politics

Excerpt from Bloomberg: New Zealand is preparing to tighten immigration rules for Indian nationals, a move Foreign Minister Winston Peters says could harm relations between the two nations, the Post reported Thursday, citing a person it didn’t identify.

Bank of America revamps Sandisk stock price target
Source: TheStreetJuly 2, 2026business

Excerpt from TheStreet: Sandisk (SNDK) has gained about 762.52% year to date at the time of writing, Wednesday afternoon, July 1. Meanwhile, the SPDR S&P 500 index (SPY) is up about 9.54% in the same period. The third-largest enterprise solid-state drive (SSD) manufacturer has outpaced the S&P…

Russia Indicates Ukraine Fired Long-Range Ballistic Missile
Source: BloombergJuly 2, 2026politics

Excerpt from Bloomberg: Russia indicated that Ukraine may have used a long-range ballistic missile in combat for the first time.

Russian Air Attack on Kyiv Kills at Least 17, Injures Dozens
Source: BloombergJuly 2, 2026politics

Excerpt from Bloomberg: Russia unleashed one of the most intense missile and drone attacks on Kyiv so far this year, killing at least 17 people and injuring dozens, according to Ukrainian officials.

Yen Climbs With Traders on High Alert for Intervention Risks
Source: BloombergJuly 2, 2026finance

Excerpt from Bloomberg: The yen strengthened sharply against the dollar amid rising speculation that the currency’s continued weakness may prompt a fresh round of intervention by Japan.

Walmart's 2-in-1 tablet and laptop is only $85 for 4th of July savings
Source: TheStreetJuly 1, 2026business

Excerpt from TheStreet: "I have a Samsung as well, and it's difficult to distinguish between the two."

Chip Stocks Slump Across Asia as Global Tech Selloff Intensifies
Source: BloombergJuly 1, 2026tech

Excerpt from Bloomberg: Asian semiconductor stocks tumbled on Thursday, tracking tech losses on Wall Street after Meta Platforms Inc.’s plan to develop a business that would sell access to AI computing power raised worries about overcapacity.

Takaichi, Modi Deepen Economic Ties to Cut Reliance on China
Source: BloombergJuly 1, 2026politics

Excerpt from Bloomberg: India and Japan agreed to deepen cooperation on energy, technology and defense during Japanese Prime Minister Sanae Takaichi’s first official visit to New Delhi, as the two Asian powers seek to reduce their dependence on China and build more resilient supply chains.

Top Broadcom insider unloads eye-popping number of shares
Source: TheStreetJuly 1, 2026business

Excerpt from TheStreet: Broadcom's (AVGO) stock took a downward turn in June. Shares fell more than 16% during the month, the worst stretch since March 2025. AVGO closed at $377.75 on July 1, nearly 18% off its highs from a month earlier. Now, a fresh securities filing shows one of the company's top…

Oracle stock falls for a seventh session as filing risk lands
Source: TheStreetJuly 1, 2026business

Excerpt from TheStreet: Oracle shares closed lower for a seventh straight session on Tuesday, slipping 0.82% to $146.55, according to a Seeking Alpha report. The stock has now fallen more than 55% from its 52 week high near $346, according to Seeking Alpha market data. What makes this stretch different…

usestrix/strix
Source: GitHubdeveloper

Excerpt from GitHub: Open-source AI penetration testing tool to find and fix your app’s vulnerabilities.

JuliusBrussee/caveman
Source: GitHubdeveloper

Excerpt from GitHub: 🪨 why use many token when few token do trick — Claude Code skill that cuts 65% of tokens by talking like caveman

msitarzewski/agency-agents
Source: GitHubdeveloper

Excerpt from GitHub: A complete AI agency at your fingertips - From frontend wizards to Reddit community ninjas, from whimsy injectors to reality checkers. Each agent is a specialized expert with personality, processes, and proven deliverables.

hasaneyldrm/exercises-dataset
Source: GitHubdeveloper

Excerpt from GitHub: A comprehensive dataset of 433 fitness exercises. Each entry includes name, category, target muscle group, equipment, instructions, thumbnail image, and animation video.

santifer/career-ops
Source: GitHubdeveloper

Excerpt from GitHub: AI-powered job search system built on Claude Code. 14 skill modes, Go dashboard, PDF generation, batch processing.

obra/superpowers
Source: GitHubdeveloper

Excerpt from GitHub: An agentic skills framework & software development methodology that works.

ChromeDevTools/chrome-devtools-mcp
Source: GitHubdeveloper

Excerpt from GitHub: Chrome DevTools for coding agents

browser-use/video-use
Source: GitHubdeveloper

Excerpt from GitHub: Edit videos with coding agents

actions/checkout
Source: GitHubdeveloper

Excerpt from GitHub: Action for checking out a repo

affaan-m/ECC
Source: GitHubdeveloper

Excerpt from GitHub: The agent harness performance optimization system. Skills, instincts, memory, security, and research-first development for Claude Code, Codex, Opencode, Cursor and beyond.

About this digest

Audience: AI builders and tech investors

Entities
SoftBank
Google
Meta
SpaceX
OpenAI
Broadcom
Oracle
Sandisk
Chip Stocks
Warsh
EU Court
Hashtags
#AI
#techinvestment
#AIinfrastructure
#chipstocks
#bigtech
#marketnews
Keywords
softbank
ai compute
10-gigawatt
ai infrastructure
chip stocks
ai push
us data centers
ai rental
large-scale ai
ai industry
Schema v0.1.0

Sources & methodology

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