SoftBank has acquired Foxconn's Ohio-based electric vehicle plant for $375 million, according to Bloomberg sources. This acquisition is reportedly a strategic move to accelerate SoftBank's ambitious $500 billion Stargate data center project, which involves collaborations with OpenAI and Oracle. The Stargate project aims to build a massive AI-focused data center, and the Ohio plant will likely be repurposed to support its infrastructure needs. This move underscores SoftBank's commitment to investing heavily in artificial intelligence and related technologies.