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SoftBank to manufacture large-scale batteries for AI data centres at former Sharp plant

Target output is one gigawatt-hour a year. Partners are South Korea’s Cosmos Lab and DeltaX. Production opens for the fiscal year starting next April, with zinc-halide chemistry following in 2027. SoftBank Group’s mobile-services subsidiary will begin manufacturing large-scale battery cells at the Sakai, Osaka site that once belonged to Sharp, the company said on Sunday, […]

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Trump Media reports $405.9m Q1 loss, almost entirely from crypto markdowns

Trump Media & Technology Group reported a $405.9 million net loss for the first quarter of 2026, the company said on Friday, almost all of it driven by unrealised losses on the cryptocurrency holdings it has spent the past nine months building. Operating cash flow was a positive $17.9 million; total financial assets stood at […]

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G2A names CVC veteran Krzysztof Krawczyk as advisory board chair after taking minority stake

The digital marketplace with Polish origins, which has scaled to nearly $400m in annual GMV without external funding, brings in one of Central Europe’s most experienced private-equity operators to guide its next phase of M&A and global expansion. After 16 years of organic growth, G2A is letting an outsider into the room. The Polish-founded digital […]

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Lime files for a Nasdaq IPO under the LIME ticker, the first big micromobility test in eight years

The San Francisco scooter-and-e-bike operator goes public as Neutron Holdings with Goldman Sachs and JPMorgan as joint book-runners. $686m in 2024 revenue and two consecutive years of free cash flow give it a financial profile that the rest of the category never reached. Lime, the Uber-backed shared scooter and e-bike operator, filed for a US […]

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SoftBank cuts OpenAI-backed margin loan target by 40% to $6bn

Lenders pushed back on valuing OpenAI shares as collateral. The downsize lands a fortnight after the $10bn ask first surfaced and is the clearest signal yet that even an $852bn primary round has not closed the gap between sticker and what banks will lend against. SoftBank Group has trimmed the size of a margin loan […]

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Nintendo is raising Switch 2 prices

Nintendo is raising the price of its Switch 2 console globally, “in light of changes in market conditions,” and is now forecasting a drop in sales over the next year. Starting September 1st, the Switch 2 will cost $499.99 in the US, up from its current $449.99 price. At the same time, prices will also […]

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Trump Pivots on AI Regulation, Worker Ousted by DOGE Runs for Office, and Hantavirus Explained

Today on Uncanny Valley, we’re diving into recent reports that the Trump administration is considering an executive order that would establish some sort of federal oversight over new AI models.

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