SoftBank Group has reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT-maker. The gains on OpenAI outweighed lackluster investment gains elsewhere in the Tokyo-based technology group's portfolio while war in the Middle East roiled markets. That points to growing reliance on the U.S. startup, which faces rising competition from Anthropic and Google and is reportedly trailing its highest internal targets. SoftBank earned a net income of ¥1.83 trillion ($11.6 billion) in its fiscal fourth quarter, compared with the average analyst estimate of ¥295.2 billion. The profit could be attributed entirely to its booking $25 billion in valuation gains on OpenAI in the quarter, according to Bloomberg Intelligence analyst Kirk Boodry. In a time of both misinformation and too much information, quality journalism is more crucial than ever.

United States President Donald Trump has departed for Beijing ahead of a high-stakes summit with Chinese President Xi Jinping, after weeks of unsuccessful US efforts to persuade China to help bring Iran back to negotiations and ease tensions around the Strait of Hormuz. The leaders of the world's two largest economies are due to meet on Thursday and Friday during Trump's first visit to China since 2017, with talks expected to focus on trade, Taiwan, artificial intelligence and the war involving Iran. Why does the Trump-Xi summit matter? The Trump-Xi summit is a high-level meeting between Trump and Xi Jinping taking place in Beijing as the world's two largest economies face growing tensions over trade, technology, Taiwan and the Iran war. The summit is particularly significant because Trump will be the first US leader to visit China in nearly a decade, while the talks also come at a time of heightened geopolitical and economic uncertainty.

US President Donald Trump will meet Chinese President Xi Jinping in Beijing on May 14 and 15, following weeks of delays due to the US-Israel war on Iran. The talks are expected to focus on trade relations and mark the first time a US president has visited China in nearly a decade. In recent decades, the US and China have emerged as the world's dominant superpowers, frequently seen as locked in a contest for who sits atop the world order. A quarter of a century ago, by contrast, the US dwarfed China in most major indicators, but today, Beijing is regarded as the factory of the world and is outpacing its Western counterpart in many regards. Who is the world's top trading power?

Chinese firm unveils'transformer' style manned robot NewsFeed Chinese firm unveils'transformer' style manned robot Unitree Robotics has released footage of its CEO piloting the GD01, a 2.7-metre transformable mecha that smashes through walls with its mechanical arms. The machine is priced from $650,000. Starmer at risk because he pushed Labour to be'new Conservative Party' Trump skirts question on US'red lines' for Iran ceasefire How one Palestinian teen's life changed forever after Israeli gunfire

When China's leader Xi Jinping hosts his American counterpart in Beijing this week, Donald Trump will be reminded of his last visit in 2017 - he was wooed hard, complete with dinner inside the Forbidden City, an honour no US president before him had received. This week's reception promises to be just as grand, including a stop inside Zhongnanhai, the rarefied compound where China's top leadership lives and works. The agenda too will be just as thorny, with Iran being a new source of tension, alongside trade, technology and Taiwan. But a lot has changed as Trump returns to a stronger and far more assertive China. Now well into an unprecedented third term, an ambitious Xi has been pushing forward with plans for new productive forces with heavy investments in renewable energy, robotics and artificial intelligence.

Married doctor's affair with glamorous younger woman explodes into Fatal Attraction-style court war... X-rated photo claims, leaked recordings and a sinister threat: 'I'll never stop' NBA rocked as Grizzlies star Brandon Clarke dies suddenly at 29... a month after being arrested on drug charges The unassuming apps all cheaters use to hide their affairs: Where to look on your partner's phone to see exactly what they are up to... and the subtle red flags to never ignore I've treated so many cocaine users. This is the one sign that makes it so obvious you have a problem, how it can kill you in a night... and the embarrassing sexual side effect you may not have heard of: DR PHILIPPA KAYE Explosive Supreme Court LEAK reveals stinging whispers about'belligerent' justice read the wild rants troubling both sides of the aisle Surge in cancer patients taking 20 cent'wonder drug' after Mel Gibson claims that friends beat incurable disease thanks to drug The'marry me' sex move that'll make even the most commitment-phobic of men beg to see you again... and it worked for THREE of my friends Trump's chilling'treason' note revealed as he hunts down Iran war leakers... and Israel bombshell sparks fury Hollywood's $350k matchmaker exposes the secret love lives of the rich and famous: Diva demands, fake names, NDAs... and how to know if your relationship is doomed Secret trove of injury photos that blow apart married tech mogul's family-man image revealed in explosive lawsuit: Bruises, beatings and forced sex acts he allegedly inflicted on girlfriend Furious argument explodes on CNN after panelist flagged Kevin O'Leary's old age during foul-mouthed fight about politics He knew Elizabeth Taylor's secrets. Johnny Depp came to him for answers. But Hollywood's greatest confidante buried a betrayal that was too dangerous to expose The unassuming apps all cheaters use to hide their affairs: Where to look on your partner's phone to see exactly what they are up to... and the subtle red flags to never ignore The same apps millions use to share music, split bills and track workouts are now being quietly repurposed by cheaters to hide secret relationships in plain sight. Experts warn modern affairs are increasingly unfolding inside ordinary platforms that appear so harmless that most partners would never think twice about them.

The UK has said it will contribute drones, fighter jets and a warship to a joint mission aimed at safeguarding shipping in the Strait of Hormuz. Defence minister John Healey announced the package at a virtual summit of defence ministers on Tuesday. It includes autonomous systems to detect and clear naval mines, drone boats and Typhoon jets for air patrols. More than 40 other nations are involved in the mission, which Healey said would begin when conditions allow. For months Iran has been controlling the Strait of Hormuz - one of the world's busiest oil shipping channels - in retaliation for US and Israeli attacks.

Iran Is Using Tiny'Mosquito' Boats to Shut Down the Strait of Hormuz Iran's traditional naval fleet has been almost completely destroyed by US-Israeli raids. But Iran's Revolutionary Guard has deployed a fleet of small vessels that is crippling every passageway. In the Strait of Hormuz, Iran has developed an asymmetrical naval strategy that is crippling the passage of container ships. This "hemostat" uses guerrilla tactics, after Iran's "traditional" fleet was almost entirely destroyed by US and Israeli attacks. No longer able to rely on specialized military ships, Tehran is using an unconventional force made up of dozens of small military vessels armed with missiles, machine guns, and drones.

Hang gliding Lookout Mountain: What it's really like to be aero-towed 1,700 feet above Georgia Paige Spiranac and her mom stun the internet, Lane Kiffin's incredible shot at Ole Miss & the NFL did it again Maggie Sajak appears at Savannah Bananas game as Jackson Olson's girlfriend, e-bike near death & MEAT! Pulling a gun on your sister's boyfriend and telling him to strip is one way to make family events awkward Paige Spiranac hits bombs at Truist pro-am after years of being shunned, fighter jets interrupt golf & MEAT! Spencer Pratt is'channeling the frustration' of LA voters, 'Ruthless' co-host says'High degree of coordination': Calif mayor admits to being secret Chinese agent Trump predicts'a lot of good things' will happen in China, predicts'golden age of America' after Iran conflict ends Trump says Iran ceasefire on'massive life support' amid Middle East tensions Iran ceasefire on'massive life support' as Trump weighs military options Graham calls out China link to Iran, questions Pakistan's role in negotiations Caine accuses Iran of holding'world's economy hostage' with Strait of Hormuz actions'Fox & Friends' hosts learn backyard camping tips from Scouting America OutKick UCF graduates clobber commencement speaker with boos after she says AI is the'next Industrial Revolution' Gloria Caulfield addressed graduates from UCF's College of Arts and Humanities and the Nicholson School of Communication It's almost the end of the school year, which means it's graduation season, a time where commencement speakers across the nation will be giving boilerplate advice to hungover students. However, one speaker at the University of Central Florida, my alma mater -- Go Knights, Charge On! -- had a rough day at the podium thanks to a comment she made about artificial intelligence . According to Orlando Weekly, UCF held a graduation ceremony for the school's College of Arts and Humanities and the Nicholson School of Communication and Media last week, and the commencement speaker was vice president of strategic alliances for Tavistock Development Company, Gloria Caulfield.

Married doctor's affair with glamorous younger woman explodes into Fatal Attraction-style court war... X-rated photo claims, leaked recordings and a sinister threat: 'I'll never stop' NBA rocked as Grizzlies star Brandon Clarke dies suddenly at 29... a month after being arrested on drug charges The unassuming apps all cheaters use to hide their affairs: Where to look on your partner's phone to see exactly what they are up to... and the subtle red flags to never ignore I've treated so many cocaine users. This is the one sign that makes it so obvious you have a problem, how it can kill you in a night... and the embarrassing sexual side effect you may not have heard of: DR PHILIPPA KAYE Explosive Supreme Court LEAK reveals stinging whispers about'belligerent' justice read the wild rants troubling both sides of the aisle Surge in cancer patients taking 20 cent'wonder drug' after Mel Gibson claims that friends beat incurable disease thanks to drug The'marry me' sex move that'll make even the most commitment-phobic of men beg to see you again... and it worked for THREE of my friends Trump's chilling'treason' note revealed as he hunts down Iran war leakers... and Israel bombshell sparks fury Hollywood's $350k matchmaker exposes the secret love lives of the rich and famous: Diva demands, fake names, NDAs... and how to know if your relationship is doomed Secret trove of injury photos that blow apart married tech mogul's family-man image revealed in explosive lawsuit: Bruises, beatings and forced sex acts he allegedly inflicted on girlfriend Furious argument explodes on CNN after panelist flagged Kevin O'Leary's old age during foul-mouthed fight about politics He knew Elizabeth Taylor's secrets. Johnny Depp came to him for answers. But Hollywood's greatest confidante buried a betrayal that was too dangerous to expose Experts issue urgent warning over doing a'peace' sign in photos - amid fears hackers can steal your FINGERPRINTS and copy them Your latest selfie could be giving hackers everything they need to crack your accounts, experts have warned. Cybersecurity researchers have issued an urgent warning against doing a'peace' sign in photos, amid fears that criminals could steal your fingerprints.