Why is tech giant SoftBank investing over $100 billion in the US?
3 months, 1 week ago

Why is tech giant SoftBank investing over $100 billion in the US?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years. Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments after Trump's victory in 2016. The hundreds of start-ups that have received SoftBank investments include Nuro, a robo-delivery company; the dog-walking app Wag; South Korean logistics company Coupang; the Southeast Asian ride-sharing app Grab; and the office messaging app Slack. Trump and Son said the $100 billion that SoftBank has promised to invest will go to building AI infrastructure, but the nature of that spending remains unclear.

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History of this topic

SoftBank buys chipmaker Ampere Computing for $6.5 billion, deepening AI bet
6 days, 22 hours ago

SoftBank buys chipmaker Ampere Computing for $6.5 billion, deepening AI bet

The Hindu  

Japanese technology investor SoftBank Group is accelerating its move into chip technology companies with the $6.5 billion purchase of Ampere Computing, a U.S. chip startup founded by the former president of Intel. Ampere makes data center central processing unit chips based on a computing architecture from SoftBank's majority-owned Arm Holdings that are used by firms such as Oracle in their …

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?
3 weeks, 2 days ago

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?

Live Mint  

US President Donald Trump is set to make an "investment announcement" at 1:30 p.m. TSMC’s growing investment in the US TSMC has been ramping up its US semiconductor production: In April, the company increased its planned U.S. investment to $65 billion, adding a third factory in Arizona by 2030. Major tech investments since Trump's return to office Since Trump's second …

SoftBank in talks to borrow $16 billion to fund AI: Report
3 weeks, 2 days ago

SoftBank in talks to borrow $16 billion to fund AI: Report

The Hindu  

SoftBank Group CEO Masayoshi Son plans to borrow $16 billion to invest in AI, the company's executives told banks last week, The Information tech news website reported on Saturday, citing people familiar with the matter. Reuters reported in January that SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, as the Japanese conglomerate continues to …

Apple to invest $500 billion, create 20,000 US jobs; joins Meta, SoftBank in $1 trillion push
1 month ago

Apple to invest $500 billion, create 20,000 US jobs; joins Meta, SoftBank in $1 trillion push

Live Mint  

Apple Inc. became the latest company in the list of tech giants who have pledged hundreds of billions of dollars in US investments, which President Donald Trump claims credit for. Around the start of Trump’s first term eight years ago, Japanese investment giant SoftBank Group Corp. made a commitment to invest $50 billion in the US that, it said, would …

SoftBank swings to $2.4 billion loss in Q3 as value of Vision Fund’s holdings take a hit
1 month, 2 weeks ago

SoftBank swings to $2.4 billion loss in Q3 as value of Vision Fund’s holdings take a hit

Live Mint  

SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund’s public holdings, boding ill for founder Masayoshi Son who has to raise $500 billion for the Stargate artificial-intelligence project. The Vision Fund unit logged a ¥309.9 billion loss, hurting the bottomline after shares of public holdings such as Coupang …

AI is Wall Street’s modern gold rush. Here’s how investors are placing their bets.
1 month, 3 weeks ago

AI is Wall Street’s modern gold rush. Here’s how investors are placing their bets.

Live Mint  

Artificial-intelligence evangelists such as Sam Altman want to reshape the world, but they need mountains of money to do it. Here’s a look at some of the big financial bets being placed in the new digital economy: Blue Owl builds a Stargate Stargate, a joint venture between Altman’s Open AI, Oracle and SoftBank, will start with a data center in …

SoftBank, OpenAI to offer AI services in Japan
1 month, 3 weeks ago

SoftBank, OpenAI to offer AI services in Japan

Live Mint  

SoftBank Group and ChatGPT maker OpenAI plan to team up to offer artificial-intelligence services, initially targeting Japanese businesses to lay the groundwork for potential expansion worldwide. SoftBank Group Chief Executive Masayoshi Son said Monday that the company will assign 1,000 employees this year to the joint venture, SB OpenAI Japan, to kick-start its sales and engineering work. As the first …

SoftBank and OpenAI set up joint company to push artificial intelligence services
1 month, 3 weeks ago

SoftBank and OpenAI set up joint company to push artificial intelligence services

Associated Press  

TOKYO — Japanese technology giant SoftBank Group and OpenAI stepped up their AI partnership Monday, setting up a 50-50 held company called SB OpenAI Japan. SoftBank Chief Masayoshi Son and OpenAI Chief Sam Altman appeared at an event in Tokyo, talking up their collaboration and inviting Japanese companies to join. Son, holding a shiny blue crystal ball as a symbolic …

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report
1 month, 3 weeks ago

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report

Live Mint  

Masayoshi Son-led SoftBank Group is in talks to lead a funding round of up to $40 billion in ChatGPT maker OpenAI at a valuation of $300 billion, according to a Reuters report. News of the funding comes as a new Chinese AI startup, DeepSeek, has overtaken ChatGPT as the top free app on US app stores, shattering notions of American …

Japan Inc will struggle to follow SoftBank's lead and go big with Trump
2 months ago

Japan Inc will struggle to follow SoftBank's lead and go big with Trump

The Hindu  

SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later. Son has appeared with Mr. Trump twice since the November presidential election, last month pledging to invest $100 billion in the U.S. and this week partnering with OpenAI and …

Explained: What is Stargate, Trump’s $500-billion AI push?
2 months ago

Explained: What is Stargate, Trump’s $500-billion AI push?

Firstpost  

US President Donald Trump has unveiled Stargate, an ambitious $500 billion AI project led by SoftBank, OpenAI, and Oracle. However, critics warn of potential risks tied to deregulation and power supply challenges US President Donald Trump delivers remarks on AI infrastructure, next to SoftBank CEO Masayoshi Son at the Roosevelt room at White House in Washington, US, January 21, 2025. …

Masa Son, Trump's Japanese buddy with the Midas Touch
2 months ago

Masa Son, Trump's Japanese buddy with the Midas Touch

Raw Story  

by Simon STURDEE Masayoshi Son, the Japanese tycoon helming US President Donald Trump's big new AI push, is the son of an immigrant pig farmer with a spectacular but also sketchy investment record. Son promised SoftBank would invest $50 billion in the United States and create 50,000 jobs within Trump's first term. Appearing alongside the US president-elect in December, Son …

Stargate: Softbank, OpenAI and Oracle’s ambitious $500 billion joint AI pact, explained
2 months ago

Stargate: Softbank, OpenAI and Oracle’s ambitious $500 billion joint AI pact, explained

Live Mint  

United States President Donald Trump earlier today unveiled a $100 billion “immediate” joint venture between SoftBank Group, OpenAI and Oracle Corporation to invest in artificial intelligence infrastructure, with aim to increase the fund to $500 billion, Bloomberg reported. $500 Billion Fund to Build AI Infrastructure Donald Trump was not alone while making the announcement, present in the room were SoftBank’s …

The Stargate project: Donald Trump announces up to $500bn investment in AI project
2 months ago

The Stargate project: Donald Trump announces up to $500bn investment in AI project

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Donald Trump on …

Stargate: Trump aims to give AI a $500 bn infrastructure boost, says ‘want to keep it in the US’
2 months ago

Stargate: Trump aims to give AI a $500 bn infrastructure boost, says ‘want to keep it in the US’

Firstpost  

Trump said Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI, including the construction of ‘colossal data centers’ President Donald Trump announced on Tuesday a large investment in artificial intelligence infrastructure backed by Japanese conglomerate Softbank, cloud behemoth Oracle, and ChatGPT creator OpenAI. The company, known as Stargate, “will invest $500 …

OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer
2 months ago

OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer

Live Mint  

SoftBank Group, OpenAI and Oracle have announced that they are forming a $500 billion joint venture to fund artificial intelligence infrastructure in the United States with a new joint venture called 'Stargate'. The announcement was made by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison in the presence of President Trump, who called it the …

OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
2 months ago

OpenAI, Oracle and Softbank team up on multibillion-dollar AI project

LA Times  

President Trump, accompanied by Oracle CTO Larry Ellison, from left, SoftBank CEO Masayoshi Son, and OpenAI CEO Sam Altman, announces an AI investment Tuesday at the White House. President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward computing infrastructure that will power artificial intelligence in the United …

Trump announces $500bn ‘Stargate’ venture to build up AI infrastructure
2 months ago

Trump announces $500bn ‘Stargate’ venture to build up AI infrastructure

Al Jazeera  

US president says venture will be the largest AI infrastructure project in history ‘by far’. United States President Donald Trump has announced a $500bn joint venture with Texas-based tech firm Oracle, Japan’s SoftBank and ChatGPT-maker OpenAI to advance artificial intelligence infrastructure. Trump said the venture would be the largest AI infrastructure project in history “by far” and represented “a resounding …

Trump highlights partnership investing $500 billion in AI
2 months ago

Trump highlights partnership investing $500 billion in AI

Associated Press  

▶ Follow live updates on President Donald Trump’s return to Washington WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for …

Tech Diplomacy and Trump: The Softbank Way
2 months, 2 weeks ago

Tech Diplomacy and Trump: The Softbank Way

The Diplomat  

When Softbank founder and CEO Masayoshi Son met with U.S. President-elect Donald Trump at Mar-a-Lago in December, he made clear that the Japanese government was not involved in securing his meeting. Given that a Japanese government official has yet to meet with Trump despite concerted efforts to make it happen, Son’s response was hardly surprising. At the same time, Son’s …

What’s behind Masayoshi Son’s $100 billion pledge to Donald Trump
3 months, 1 week ago

What’s behind Masayoshi Son’s $100 billion pledge to Donald Trump

Live Mint  

Tech investing heavyweight Masayoshi Son offered a gift to President-elect Donald Trump: a pledge to spend $100 billion on artificial intelligence and related technology in the U.S. “President Trump is a double-down president," he said Monday, standing next to Trump at a Mar-a-Lago press conference—a reference to how his commitment was twice the $50 billion he pledged at a similar …

Why is tech giant SoftBank investing over $100 billion in the US?
3 months, 1 week ago

Why is tech giant SoftBank investing over $100 billion in the US?

Associated Press  

BANGKOK — Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years. Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments …

Softbank to invest $100 bn in US in next 4 years, says CEO Son after meeting Trump
Trending News
3 months, 1 week ago

Softbank to invest $100 bn in US in next 4 years, says CEO Son after meeting Trump

Firstpost  

Following a meeting with US President-elect Donald Trump, Softbank CEO Masayoshi Son pledged to invest $100 billion in the United States in the next four years Japanese internet and telecommunications giant Softbank will invest $100 billion in the United States over the next four years, said CEO Masayoshi Son. After their meeting at Mar-a-Lago, Florida, on Monday, Son and US …

Donald Trump hails $100 billion SoftBank investment in US—AI, jobs, and growth on the horizon
Top News
3 months, 1 week ago

Donald Trump hails $100 billion SoftBank investment in US—AI, jobs, and growth on the horizon

Live Mint  

President-elect Donald Trump, joined by SoftBank Group CEO Masayoshi Son, announced on Monday that SoftBank would invest $100 billion in the United States over the next four years. At the announcement event held at Trump’s Mar-a-Lago resort in Palm Beach, Florida, Trump praised Son as a “visionary business leader” and highlighted the investment as a testament to global confidence in …

Trump scores $100 BILLION investment from SoftBank CEO including thousands of AI jobs
3 months, 1 week ago

Trump scores $100 BILLION investment from SoftBank CEO including thousands of AI jobs

Daily Mail  

President-elect Donald Trump touted a $100 billion investment from Japanese-based SoftBank Group alongside CEO Masayoshi Son at Mar-a-Lago on Monday. The tech CEO announced the creation of 100,000 U.S. jobs in artificial intelligence and related infrastructure Trump pressured Son during the Mar-a-Lago media frenzy, asking him to commit to doubling his commitment to $200 billion, which he signaled he was …

Trump is to announce $100B SoftBank investment in the US
3 months, 1 week ago

Trump is to announce $100B SoftBank investment in the US

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump will join …

SoftBank to invest $100 billion in US projects over next four years—Donald Trump to make historic reveal
3 months, 1 week ago

SoftBank to invest $100 billion in US projects over next four years—Donald Trump to make historic reveal

Live Mint  

US President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company is planning to invest $100 billion in U.S. projects over the next four years. The company's investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia. The announcement will come days after Trump …

Japan’s SoftBank plans to invest $100 billion in US projects over the next four years.
3 months, 1 week ago

Japan’s SoftBank plans to invest $100 billion in US projects over the next four years.

Associated Press  

PALM BEACH, Fla. — President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years. The president-elect said that since his election, people have expressed interest in “coming in with tremendous amounts of money.” The investments by SoftBank, Trump said, are “a monumental …

Trump, SoftBank CEO to announce $100 billion investment in US
Trending News
3 months, 1 week ago

Trump, SoftBank CEO to announce $100 billion investment in US

Live Mint  

PALM BEACH, Fla.—Donald Trump and SoftBank Group CEO Masayoshi Son are set to jointly announce on Monday that the company is planning to invest $100 billion in U.S. projects over the next four years, according to a person involved in the event, as the president-elect seeks to project enthusiasm over his return to power. The $100 billion is double what …

Donald Trump to announce $100 billion SoftBank investment in US
3 months, 1 week ago

Donald Trump to announce $100 billion SoftBank investment in US

India Today  

PALM BEACH, Fla: President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the Japanese company is planning to invest $100 billion in U.S. projects over the next four years. For example, Foxconn Technology Group, a Taiwan-based company best known for making Apple iPhones, won Trump’s praise by announcing plans in …

Trump, SoftBank CEO Masayoshi Son announce $100bn US investment
3 months, 1 week ago

Trump, SoftBank CEO Masayoshi Son announce $100bn US investment

Al Jazeera  

Son had made a similar pledge in 2016 to spend $50bn over Trump’s four-year term. President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, has announced that SoftBank will invest $100bn in the United States over the next four years in what would be a boost to the domestic economy. In a joint appearance with Son on …

SoftBank’s CEO to pledge $100 billion in U.S. investments
3 months, 1 week ago

SoftBank’s CEO to pledge $100 billion in U.S. investments

LA Times  

SoftBank Group Corp. Chief Executive Masayoshi Son is set to announce a plan to invest $100 billion in the U.S. over the next four years during a visit with President-elect Donald Trump, according to people familiar with the matter. OpenAI CEO Sam Altman will give $1 million to Trump’s inaugural fund after having previously donated to President Biden’s 2024 reelection …

Trump and SoftBank CEO announce the company will invest $100 billion in US projects
3 months, 1 week ago

Trump and SoftBank CEO announce the company will invest $100 billion in US projects

CNN  

CNN — President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced Monday morning at Mar-a-Lago that the company is expected to invest $100 billion in US projects over the next four years with a goal of creating 100,000 new jobs, according to two people familiar with the announcement. Softbank never made clear how many of the jobs touted in …

Trump and SoftBank CEO announce the company will invest $100 billion in US projects
3 months, 1 week ago

Trump and SoftBank CEO announce the company will invest $100 billion in US projects

CNN  

CNN — President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced Monday morning at Mar-a-Lago that the company is expected to invest $100 billion in US projects over the next four years with a goal of creating 100,000 new jobs, according to two people familiar with the announcement. Softbank never made clear how many of the jobs touted in …

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
3 months, 3 weeks ago

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development

Hindustan Times  

SoftBank is planning to buy $1.5 billion worth of OpenAI stock as its CEO Masayoshi Son looks to position the Japanese group as an artificial intelligence leader. SoftBank CEO Masayoshi Son has also publicly expressed admiration for OpenAI co-founder and CEO Sam Altman and said he frequently talks to him Son is doing this with an ambitious AI plan of …

SoftBank founder Masayoshi Son loses $2.6 billion in two days. Here's why
7 months, 3 weeks ago

SoftBank founder Masayoshi Son loses $2.6 billion in two days. Here's why

Hindustan Times  

SoftBank founder Masayoshi Son's fortune fell by $2.6 billion owing to a two-day wipeout in shares of the company SoftBank Group Corp owing to Bank of Japan’s earlier-than-expected interest-rate hike. Masayoshi Son is up about $2.7 billion from the $11.3 billion at the starting of the year, as per Bloomberg Billionaires Index. Masayoshi Son, CEO of SoftBank, arrives for the …

SoftBank's Masayoshi Son is pivoting to AI and chips: What we know
10 months, 2 weeks ago

SoftBank's Masayoshi Son is pivoting to AI and chips: What we know

Hindustan Times  

SoftBank Group Corp.’s flagship Vision Fund has quietly sold off or written down billions of dollars’ worth of its publicly-listed holdings in recent years, a sign of founder Masayoshi Son’s shift away from the venture capital deals that were once an obsession and toward strategic investments in semiconductors and artificial intelligence. That figure doesn’t include the sale of the Vision …

WeWork's nosedive costs SoftBank billions, damages Masayoshi Son's credibility
1 year, 4 months ago

WeWork's nosedive costs SoftBank billions, damages Masayoshi Son's credibility

Hindustan Times  

WeWork Inc.’s bankruptcy filing caps a years-long saga that revealed breathtaking flaws in the investment style of Japanese billionaire Masayoshi Son, damaging his professional reputation far beyond the money he lost. Son overrode his lieutenants’ objections and handed WeWork founder Adam Neumann billions of dollars from both SoftBank Group Corp. and the Vision Fund, lifting the co-working office space’s valuation …

Silicon Valley Bank collapse may increase scrutiny of SoftBank Group investments
2 years ago

Silicon Valley Bank collapse may increase scrutiny of SoftBank Group investments

Live Mint  

The spectacular collapse of Silicon Valley Bank might increase trouble for other US lenders, and bring SoftBank Group Corp. investments under tightened scrutiny. The shaken confidence of the investors might even bring down SoftBank Group Corp's share below CEO Masayoshi Son’s pain point, reported Bloomberg. SoftBank has made it clear that it expects barely any impact from the US lender's …

SoftBank loses nearly $6 billion in quarter as investments suffer
2 years, 1 month ago

SoftBank loses nearly $6 billion in quarter as investments suffer

Live Mint  

TOKYO : SoftBank Group Corp.’s technology investment vehicles posted a loss of nearly $6 billion in the latest quarter, leading the company to reiterate its conservative approach. After posting a record loss equivalent to more than $20 billion in the April-to-June quarter, it reported an equally large profit in the quarter ending in September thanks to profits from unwinding its …

SoftBank Emerges as a Big Loser of the Tech Downturn. Again
2 years, 7 months ago

SoftBank Emerges as a Big Loser of the Tech Downturn. Again

Live Mint  

Early last year, Masayoshi Son addressed his staff on a video call. Son and his team plowed $38 billion from SoftBank’s latest giant fund into 183 companies last year, according to SoftBank’s filings. “When he believes something is the future he will literally take everything he has and bet it on that," said Gary Rieschel, who helped lead Mr. Son’s …

SoftBank’s $100 billion fund lags behind after five years of investing
2 years, 10 months ago

SoftBank’s $100 billion fund lags behind after five years of investing

Live Mint  

Five years after its kickoff, SoftBank’s $100 billion Vision Fund is being battered by the tech selloff, making for an embarrassing performance that lags behind the overall stock market since its launch. While the Vision Fund may have sold some listed shares earlier this year without needing to disclose, analysts expect significant losses from its stakes in both public and …

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm
3 years, 4 months ago

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm

CNN  

New Delhi CNN Business — SoftBank is stuck in a “big winter snowstorm,” founder and CEO Masayoshi Son said Monday, after a sweeping tech crackdown in China battered some of the Japanese company’s key investments. Son said that the company’s net asset value — which he says is a better indication of the firm’s performance — fell by 6 trillion …

SoftBank ventures into Saudi Arabia in a deal with wealth fund
3 years, 6 months ago

SoftBank ventures into Saudi Arabia in a deal with wealth fund

Al Jazeera  

SoftBank has partnered with Saudi Arabia’s sovereign wealth fund and plans to expand into the Middle East and Africa. SoftBank Group Corp. has made its first investment in a company based in Saudi Arabia, partnering with a unit of the kingdom’s sovereign wealth fund to lead a $125 million financing for customer communication platform Unifonic. The Unifonic deal is funded …

SoftBank CEO Masayoshi Son went big on China. Now he’s pulling back
3 years, 7 months ago

SoftBank CEO Masayoshi Son went big on China. Now he’s pulling back

CNN  

Hong Kong CNN Business — SoftBank CEO Masayoshi Son is cutting back on new investments in China as the country’s private sector continues to face a historic regulatory crackdown. Taking questions from reporters,Son acknowledged that the company was “facing tough challenges when it comes to investments in China.” “That’s true,” he said. Son did not comment on Didi specifically during …

‘SoftBank could invest over $4 billion in India’
3 years, 9 months ago

‘SoftBank could invest over $4 billion in India’

Hindustan Times  

Masayoshi Son-led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology bets, including software as a service, B2B marketplaces, e-commerce, health-tech and ed-tech. The investments will come from the Japanese company’s Vision Fund 2, which has an investment outlay of up to $30 billion for the current calendar year. We anticipate …

Japan tech giant SoftBank’s profits rise on investments
4 years, 7 months ago

Japan tech giant SoftBank’s profits rise on investments

Associated Press  

TOKYO — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile. Tokyo-based SoftBank reported Tuesday a fiscal first quarter profit of 1.2 trillion yen, up from 1.1 trillion yen in the previous fiscal year. …

SoftBank loses Jack Ma from board and posts worst loss ever
4 years, 10 months ago

SoftBank loses Jack Ma from board and posts worst loss ever

CNN  

Hong Kong CNN Business — SoftBank lost a major name from its board and confirmed historic losses on Monday — signs of turmoil at the Japanese conglomerate after it was battered by the coronavirus pandemic and a series of tech bets gone bad. The losses were in line with the company’s own recent forecasts and driven almost entirely by the …

SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork
4 years, 10 months ago

SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork

CNN  

Tokyo CNN Business — SoftBank is warning that it will fall deeper into the red, just two weeks after it shocked investors by forecasting a record annual loss. The firm said it expects to lose 700 billion yen on a portion of its investment in the troubled coworking provider WeWork that it holds outside of its $100 billion Vision Fund. …

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