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 $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 $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 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 surprise loss in third quarter, revenue also misses estimates
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.
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 quarter, as it racked up red ink from its Vision Fund investments.
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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 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.
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 ...
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SoftBank expands AI push amid Vision Fund woes, OpenAI partnership
SoftBank reported a $2.4 billion quarterly loss, driven by Vision Fund declines, while pursuing ambitious AI projects like ...
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 ...