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.
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 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.
SoftBank swings to a loss ahead of big Stargate AI bet
The Tokyo-based company reported a net loss of ¥369.2 billion ($2.4 billion) for the fiscal third quarter amid volatility in its Vision Fund unit.
SoftBank books surprise loss of $2.4 billion in third quarter
By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a surprising net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.
SoftBank Vision Fund Hit With More Losses
SoftBank reported a net loss of nearly $2.4 billion for its fiscal third quarter, with another quarter in the red for its once-heralded Vision Fund unit. The Vision Fund unit, famed for its investment in startups including Uber and DoorDash,
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.’ ...
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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 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 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 commits to joint venture with OpenAI, will spend $3 billion per year on OpenAI's tech
SoftBank has committed to spending $3 billion per year to use OpenAI’s tech, according to a joint release released on Monday.
OpenAI looks across US for sites to build its Trump-backed Stargate AI data centers
OpenAI is scouring the U.S. for sites to build a network of huge data centers to power its artificial intelligence technology ...
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 ...