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 prop, said its AI service Cristal could be used by companies for planning, marketing, emails and figuring out old source codes. Cristal will first roll out in Son’s own SoftBank Group companies, which include Arm, a semiconductor and software company, and PayPay, an electronic payment service.

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History of this topic

SoftBank buys chipmaker Ampere Computing for $6.5 billion, deepening AI bet
1 week, 2 days 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 …

Nvidia, Elon Musk's xAI to join Microsoft, BlackRock to develop AI infrastructure
1 week, 2 days ago

Nvidia, Elon Musk's xAI to join Microsoft, BlackRock to develop AI infrastructure

The Hindu  

Nvidia and Elon Musk's xAI have joined a consortium backed by Microsoft and BlackRock to expand artificial intelligence infrastructure in the U.S., the companies said on Wednesday, as a global race to dominate the nascent technology intensifies. The group, formed last year with a goal to initially invest more than $30 billion in AI-related projects, is one of the biggest …

SoftBank in talks to borrow $16 billion to fund AI: Report
3 weeks, 5 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 …

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 …

Elon Musk-led group makes $97.4 billion bid for control of OpenAI
1 month, 2 weeks ago

Elon Musk-led group makes $97.4 billion bid for control of OpenAI

Live Mint  

Elon Musk is in a battle with Sam Altman over the company behind ChatGPT. A consortium of investors led by Elon Musk is offering $97.4 billion to buy the nonprofit that controls OpenAI, upping the stakes in his battle with Sam Altman over the company behind ChatGPT. OpenAI has called Musk’s legal claims baseless and overreaching and said the nonprofit …

OpenAI looks across US for sites to build its Trump-backed Stargate AI data centers
1 month, 3 weeks ago

OpenAI looks across US for sites to build its Trump-backed Stargate AI data centers

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 OpenAI is scouring the …

OpenAI looks across US for sites to build its Trump-backed Stargate AI data centers
Trending News
1 month, 3 weeks ago

OpenAI looks across US for sites to build its Trump-backed Stargate AI data centers

Associated Press  

OpenAI is scouring the U.S. for sites to build a network of huge data centers to power its artificial intelligence technology, expanding beyond a flagship Texas location and looking across 16 states to accelerate the Stargate project championed by President Donald Trump. After Trump’s announcement, a number of states reached out to OpenAI about welcoming additional data centers, Chris Lehane, …

OpenAI to Deepen Services Within Korea’s Largest Social Media
Trending News
1 month, 3 weeks ago

OpenAI to Deepen Services Within Korea’s Largest Social Media

Deccan Chronicle  

Kakao and OpenAI have agreed to integrate ChatGPT and other AI services more deeply into Korea’s largest social media platform, another significant customer win for Sam Altman’s startup. The OpenAI chief joined Kakao Chief Executive Officer Shina Chung in Seoul to announce the strategic partnership, which will include joint product development and the use of more OpenAI technology in services …

Artificial general intelligence could arrive much earlier than predicted, says SoftBank CEO Masayoshi Son
Trending News
1 month, 3 weeks ago

Artificial general intelligence could arrive much earlier than predicted, says SoftBank CEO Masayoshi Son

India Today  

The anticipation of the arrival of artificial general intelligence has been growing steadily. While OpenAI CEO Sam Altman recently said that AGI is just Twitter hype, his business partner, SoftBank CEO Masayoshi Son, has said that AGI will arrive much sooner than he predicted. Meanwhile, OpenAI CEO Sam Altman, in a recent post on X, said that AGI is just …

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 …

OpenAI in talks to raise £32bn in new funding round – reports
1 month, 4 weeks ago

OpenAI in talks to raise £32bn in new funding round – reports

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 OpenAI is in early talks …

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report
1 month, 4 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 …

DeepSeek is disrupting American AI leadership
2 months ago

DeepSeek is disrupting American AI leadership

Salon  

In most technologies, the U.S. is perceived as the global leader in tech innovation. DeepSeek, a Chinese AI startup, announced they had met or exceeded several of Open AI’s performance benchmarks, using fewer older processors at a cost of less than $6 million. Ultimately, DeepSeek-R1 achieves performance comparable to OpenAI-o1-1217 on a range of tasks.” DeepSeek also uses a smaller …

Stargate: Building super intelligence
2 months ago

Stargate: Building super intelligence

The Hindu  

In 1941, faced with imminent threats from hostile Axis powers, U.S. President Franklin D. Roosevelt initiated a secret assignment known as the Manhattan Project. Announcing ‘Project Stargate’, a multi-billion-dollar initiative aimed at establishing a vast network of AI-optimised data centres and developing increasingly sophisticated generative AI models, Mr. Trump called it “the largest AI infrastructure project in history.” Through this …

Mint Quick Edit | Should Trump’s Stargate inspire India’s own?
2 months ago

Mint Quick Edit | Should Trump’s Stargate inspire India’s own?

Live Mint  

One major announcement that Donald Trump made soon after assuming office as US president was of the country’s Stargate project. Backed by OpenAI, Oracle and SoftBank, among others, it aims to expand the artificial intelligence infrastructure in the US. Amid cheers for what looks like a geo-strategic initiative to stay ahead in a global AI “arms race", what stood out …

Stargate: How Microsoft can benefit from Softbank, OpenAI and Oracle’s $500 billion-joint AI project with zero money
Trending News
2 months ago

Stargate: How Microsoft can benefit from Softbank, OpenAI and Oracle’s $500 billion-joint AI project with zero money

Live Mint  

Stargate: US President Donald Trump joined the world's leading tech stalwarts to tout a multibillion-dollar artificial intelligence project led partly by OpenAI. However, Microsoft was mentioned only as a technology partner in the joint venture called ‘Stargate’, which was launched by OpenAI, SoftBank Group Corp., and Oracle Corp. This came despite Microsoft investing almost $14 billion in OpenAI and using …

Elon Musk has doubts about Trump's $500 billion AI plan: ‘They don’t actually have…’
Top News
2 months, 1 week ago

Elon Musk has doubts about Trump's $500 billion AI plan: ‘They don’t actually have…’

Hindustan Times  

Elon Musk doubts whether companies opting for President Donald Trump's $500 billion AI infrastructure plan even have enough funds to make it happen. Known as ‘Stargate,’ the project involves OpenAI, Oracle, and SoftBank and is “the largest AI infrastructure project in history.” Executives from all three companies were present at the White House announcement. “They don’t actually have the money,” …

OpenAI CEO Sam Altman rethinks Donald Trump: 'Incredible for US in many ways'
2 months, 1 week ago

OpenAI CEO Sam Altman rethinks Donald Trump: 'Incredible for US in many ways'

Hindustan Times  

OpenAI CEO Sam Altman on Thursday stated that though he would not “agree on everything” with the US President, he believed Donald Trump was “incredible for the country in many ways". President Donald Trump recently announced a $500 billion investment in AI infrastructure In a post on X, Altman said, “watching @potus more carefully recently has really changed my perspective …

Explained: What is Stargate, Trump’s $500-billion AI push?
2 months, 1 week 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. …

Tech Tonic | India should align with OpenAI’s mega AI Stargate Project
2 months, 1 week ago

Tech Tonic | India should align with OpenAI’s mega AI Stargate Project

Hindustan Times  

Let us get some context at the outset. This investment amount, which defines aspirations of OpenAI’s Stargate Project, is roughly 10% of India’s GDP, or gross domestic product. For chairman Masayoshi Son and OpenAI CEO Sam Altman to credit US President Donald Trump’s election as the pivotal moment for this investment, is perhaps the single biggest indicator of the country’s …

Stargate: Softbank, OpenAI and Oracle’s ambitious $500 billion joint AI pact, explained
2 months, 1 week 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 …

Stargate: Trump aims to give AI a $500 bn infrastructure boost, says ‘want to keep it in the US’
2 months, 1 week 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 …

Trump announces USD 500 billion AI initiative
2 months, 1 week ago

Trump announces USD 500 billion AI initiative

Live Mint  

Washington, US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI. Together, these world-leading technology giants are announcing the formation of Stargate,” Trump announced on Tuesday at a White House news conference along with Oracle Chief Technology Officer Larry Ellison, Softbank …

Stargate: OpenAI, SoftBank announce $500 billion US-based AI data centre network; to create thousands of jobs
Top News
2 months, 1 week ago

Stargate: OpenAI, SoftBank announce $500 billion US-based AI data centre network; to create thousands of jobs

Hindustan Times  

OpenAI's Sam Altman, Softbank's Masayoshi Son, and Oracle's Larry Ellison joined US President Donald Trump to announce The Stargate Project at a White House press conference on Tuesday, January 21. The OpenAI logo is seen in this illustration taken May 20, 2024 The Stargate Project is a system of data centres which will become the crucial infrastructure to support artificial …

What is Stargate, a $500 billion venture between OpenAI, SoftBank and Oracle announced by Donald Trump?
2 months, 1 week ago

What is Stargate, a $500 billion venture between OpenAI, SoftBank and Oracle announced by Donald Trump?

Hindustan Times  

US President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by ChatGPT-maker OpenAI, Japanese giant Softbank and cloud giant Oracle. US President Donald Trump, from left, Larry Ellison, co-founder and executive chairman of Oracle Corp., Masayoshi Son, chief executive officer of SoftBank Group Corp., and Sam Altman, chief executive officer of OpenAI Inc., …

OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer
2 months, 1 week 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 …

Trump highlights Stargate partnership investing $500 billion in AI
Top News
2 months, 1 week ago

Trump highlights Stargate partnership investing $500 billion in AI

The Hindu  

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 the further development of the fast-evolving AI in Texas, according to the White …

OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
2 months, 1 week 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 …

Stargate: What is Trump’s new $500bn AI project?
2 months, 1 week ago

Stargate: What is Trump’s new $500bn AI project?

Al Jazeera  

AI giants join forces for a massive project aimed at growing technology in the United States. Calling it the largest AI infrastructure project in history “by far”, Trump said the joint venture called Stargate will build data centres and create more than 100,000 jobs in the United States. Announcing The Stargate Project The Stargate Project is a new company which …

Trump announces $500bn ‘Stargate’ venture to build up AI infrastructure
2 months, 1 week 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, 1 week 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 …

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?
2 months, 1 week ago

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?

Salon  

OpenAI, as you likely know, is one of tech’s biggest unicorns. We need your help to stay independent Subscribe today to support Salon's progressive journalism In a 6,000-word Q&A with Altman, Bloomberg inquired how the company prices "technology that’s never existed before." "What if equity value has nothing to do with current or future profits, and instead is derived from …

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 …

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 …

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 …

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 …

Sam Altman-led OpenAI targets 1 billion users by 2025 on the back of Apple partnership
3 months, 4 weeks ago

Sam Altman-led OpenAI targets 1 billion users by 2025 on the back of Apple partnership

Firstpost  

“If you get to that threshold, you’re competing with Google and Facebook,” a venture capital investor said OpenAI is aiming to reach 1 billion users by 2025 as it rolls out new artificial intelligence products, builds its own data centres, and strengthens its partnership with Apple. The San Francisco-based company, known for its ChatGPT chatbot with 250 million weekly active …

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
4 months 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 Plans to Buy $1.5 Billion OpenAI Shares From Employees
4 months ago

SoftBank Plans to Buy $1.5 Billion OpenAI Shares From Employees

Deccan Chronicle  

SoftBank Group Corp. aims to increase its stake in OpenAI by acquiring up to $1.5 billion in shares from the startup’s employees, according to people familiar with the matter. The Japanese company will make a tender offer for the stock, allowing OpenAI employees to cash in shares if they choose. SoftBank contributed $500 million to OpenAI’s $6.6 billion fundraising round …

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report
4 months ago

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report

Live Mint  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which …

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report
4 months ago

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report

Hindustan Times  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. OpenAI logo is seen in this illustration taken on February 3 SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup …

OpenAI raises £5 billion in largest ever funding round
5 months, 3 weeks ago

OpenAI raises £5 billion in largest ever funding round

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 ChatGPT maker OpenAI has raised …

Microsoft-backed OpenAI secures $80 billion valuation
1 year, 1 month ago

Microsoft-backed OpenAI secures $80 billion valuation

Hindustan Times  

OpenAI, an artificial intelligence company backed by Microsoft, has secured a deal that values it at more than $80bn, according to the New York Times. The deal involves a tender offer led by Thrive Capital, a venture firm, in which existing shareholders of OpenAI can sell their shares. In early 2023, the company agreed to a similar tender offer from …

OpenAI in Talks to Raise New Funding, Could Be Valued at $100 Billion
1 year, 3 months ago

OpenAI in Talks to Raise New Funding, Could Be Valued at $100 Billion

News 18  

– OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter. OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to the report. It is unclear if the chip …

OpenAI seeks fresh funding round at valuation over $100 billion
1 year, 3 months ago

OpenAI seeks fresh funding round at valuation over $100 billion

Live Mint  

OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter said, a deal that would cement the ChatGPT maker as one of the world’s most valuable startups. If the funding round happens as planned, it would make the artificial intelligence darling the second-most valuable …

SoftBank CEO Masayoshi Son says AGI will be a reality in next 10 years
1 year, 5 months ago

SoftBank CEO Masayoshi Son says AGI will be a reality in next 10 years

Live Mint  

SoftBank CEO Masayoshi Son has said that artificial general intelligence will realized within the next 10 years. While speaking at the SoftBank World corporate conference, Son said he believes AGI will be ten times more intelligent than sum total of all human intelligence while taking note of the progress made by many generative AI systems like ChatGPT, reported Reuters. "I …

SoftBank’s big tech bets are paying billions
5 years, 7 months ago

SoftBank’s big tech bets are paying billions

CNN  

Tokyo CNN Business — SoftBank’s massive tech fund is pulling in big profits. Operating income for the Vision Fund soared 66% to nearly 398 billion yen last quarter thanks to valuation gains on investments like Oyo, Slack and Doordash, SoftBan said in an earnings statement Wednesday. SoftBank founder Masayoshi Son launched the $100 billion Vision Fund in May 2017, with …

SoftBank’s Son shines a spotlight on his Vision Fund proteges
5 years, 8 months ago

SoftBank’s Son shines a spotlight on his Vision Fund proteges

Live Mint  

Masayoshi Son likes to sketch out a grand vision for the future of artificial intelligence to justify his seemingly scattershot approach to investing. The founders of Southeast Asian ride-hailing giant Grab, indoor farming startup Plenty, Indian hotel chain OYO Rooms and payments service Paytm took the stage at an annual SoftBank conference to explain how AI helps them stay on …

SoftBank says, will surpass $10 billion investment commitment for India
8 years, 3 months ago

SoftBank says, will surpass $10 billion investment commitment for India

Firstpost  

SoftBank is investing in areas like solar power generation and “lots of Internet-related companies” New Delhi: Positive on India’s prospects, Japan’s SoftBank today pledged that it will “surpass” the stated commitment of investing USD 10 billion in the country as it ramps up investments in solar power generation and Internet-led businesses. “We have already invested USD 2 billion in last …

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