Japan's Sakura Internet jumps 20% as Microsoft plans $10 billion AI push with SoftBank

TL;DR

Microsoft Readies $10 Billion AI Investment Plan in Japan Microsoft to invest $10 billion in Japan for AI and cyber defence expansion Shares of Sakura Internet surged as much as 20.2% Friday after Microsoft said it has begun discussions with the Japanese cloud company and SoftBank to develop artificial intelligence infrastructure in Japan. Sakura Internet, which provides internet infrastructure services using domestic data centers, and Japanese telecommunications giant SoftBank Corp. will partner with Microsoft to provide AI computing resources, including graphics processing units located in Japan.