Category: SoftBank
-
SoftBank in talks to borrow $16 billion to fund AI, The Information reports
•
(Reuters) – Information managers said on Saturday that the CEO of Softbank Group is planning to borrow $ 16 billion to invest in artificial intelligence, the CEO of SoftBank Group is planning to borrow $ 16 billion to invest in artificial intelligence, the CEO of SoftBank Group is planning to…
-
SoftBank Nears Deal to Acquire Chip Designer Ampere
•
(Bloomberg) – People familiar with the matter said. Most of them read from Bloomberg The Japanese company is discussing a deal that can be estimated at 6.5 billion dollars, including debt, according to the people. They said that a deal could be announced in the coming weeks. Bloomberg News reported…
-
SoftBank Joins OpenAI and Oracle in AI Pact Unveiled by Trump
•
(Bloomberg) — SoftBank Group Corp., OpenAI and Oracle Corp. are forming a $100 billion joint venture to finance artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at accelerating the development of the emerging technology. Most read from Bloomberg “We are starting to have tremendous investments coming into…
-
Foresight teams with Softbank and Japanese car maker
•
Foresight Autonomous Holdings’ stock price rose nearly 36% on Friday. Trading volume in Foresight Autonomous Holdings (TASE: FRSX, Nasdaq: FRSX) shares was well above average in the last two sessions of last week. On Thursday, the stock opened sharply higher, but ultimately closed unchanged. On Friday, it rose 35.9%, giving…
-
SoftBank in talks to get its hands on large volumes of Nvidia’s GPUs: Report By Investing.com
•
Japanese technology investor SoftBank (TYO:) is in discussions to find a way to secure a large amount of graphics processing units (GPUs) from Nvidia that are essential for the development of artificial intelligence (AI). The latest move appears to be part of a broader plan by CEO Masayoshi Son to…
-
SoftBank CEO talks up artificial super intelligence ambitions By Reuters
•
TOKYO (Reuters) – SoftBank Group CEO Masayoshi Son said on Friday that the group’s mission is to help advance humanity by achieving super-artificial intelligence, which he said will exceed human capabilities by a factor of 10,000. “SoftBank Group (TYO:) has done many things so far that have all been a…
-
Elliott rebuilds ‘substantial’ stake in SoftBank – report (Pink Limited Info:SFTBF)
•
Elliott Management has rebuilt a major stake in SoftBank ( OTCPK:SFTBY ) ( OTCPK:SFTBF ) and is pushing the Japanese technology group, founded by Masayoshi Son, to launch a $15 billion stock buyback, Financial Times mentioned. Elliott, founded by Paul Singer, has a larger stake More than US$2 billion and…
-
SoftBank seen returning to loss in Q4 despite tech stock strength By Reuters
•
(This May 10 story has been corrected to determine this arm is a subsidiary, but not a wholly-owned subsidiary, of SoftBank (TYO:) Group, per paragraph 3) Written by Anton Bridge TOKYO (Reuters) – Japanese technology investment group SoftBank Group is expected to dip back into the red when it reports…