SoftBank's Son back to form with big bets and quarterly loss
Japan's SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of e-commerce platform Coupang and other tech companies held by its Vision Fund investment arm.
SoftBank swings to a $2.4B loss in Q3 amid lacklustre tech bets
SoftBank Group Corp on Wednesday swung to a loss of 369.16 billion yen ($2.4 billion) in the third quarter of FY24 as shares of some of its top portfolio companies declined sharply during the period.
Japan’s SoftBank swings to a loss ahead of big AI infrastructure bet on Stargate Project
The company posted a US$2.4 billion loss in the December quarter, as founder Masayoshi Son campaigns to raise US$500 billion for Stargate.
SoftBank swings to $2.4 billion loss in Q3 as value of Vision Fund’s holdings take a hit
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.
SoftBank Swings to a Loss Ahead of Big AI Bet With OpenAI
SoftBank Group Corp. tumbled to a loss in the December quarter, weighed down by a drop in the value of the Vision Fund’s public holdings, just as Masayoshi Son campaigns to raise $500 billion for the Stargate artificial-intelligence project.
SoftBank Posts Quarterly Loss, Gears Up for Giant AI Project
The tech investment company reported a quarterly loss, partly due to the weakness in its technology funds business, as it geared up for the Stargate project.
SotfBank's Masayoshi Son bets big on Project Stargate
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SoftBank’s Masayoshi Son says AGI will arrive ‘much earlier’ than he thought
SoftBank is also partnering with OpenAI on an AI system called ‘Cristal intelligence.’ ...
Japan’s SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen, or $2.4 billion, loss for the fiscal third ...
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SoftBank’s Masayoshi Son and OpenAI’s Sam Altman bet on AI — and each other
Simply sign up to the Artificial intelligence myFT Digest -- delivered directly to your inbox. When Masayoshi Son and Sam Altman first met each other in 2017 at SoftBank’s offices in Tokyo, the ...
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SoftBank and OpenAI Are teaming up for new AI partnership in Japan
Japanese technology giant SoftBank Group and artificial intelligence pioneer OpenAI announced the formation of a new joint ...
SoftBank’s Masayoshi Son says AGI will arrive ‘much earlier,’ expands AI push with OpenAI partnership
SoftBank deepens its AI ambitions with a massive investment in OpenAI tech, a Japan-focused joint venture, and the unveiling ...
SoftBank joins with OpenAI in yearly $3B venture to expand AI in Japan
SoftBank inked a $3 billion deal with OpenAI in a joint venture to market OpenAI tech in Japan with its newly-minuted ...
SoftBank and OpenAI set up joint company to push artificial intelligence services
Japanese technology giant SoftBank Group and OpenAI are stepping up their partnership in artificial intelligence, setting up ...
SoftBank chief Son explores debt-heavy financing for $500 billion AI push
The Japanese billionaire is looking at a technique called project financing that is sometimes linked with oil and gas ...