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SoftBank Posts Quarterly Loss
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 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.
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.
19h
SoftBank brings vision and volatility to big tech bets
SoftBank’s founder Masayoshi Son is known for chasing the next big thing. Some of his big bets on tech companies, such as ...
19h
SoftBank Opens Up on the $500 Billion Stargate AI Project—But Details Remain Sparse
Three weeks after unveiling a massive data-center project with OpenAI that could run to half a trillion dollars, global tech ...
22h
on MSN
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 ...
6h
SoftBank returns to black in April-Dec., invests more in OpenAI
SoftBank Group Corp. said Wednesday it swung back to profitability with a net profit of 636.15 billion yen ($4.1 billion) in ...
YourStory
5h
Softbank’s cautious AI approach; Preserving produce via solar power
SoftBank Group swung to a loss in Q3 FY24 as shares of some top portfolio companies declined. Khetar is helping prevent post ...
Crunchbase News
13h
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 ...
1d
on MSN
Goldman, SoftBank Back AI Startup Tines Valued at $1.13 Billion
Goldman Sachs Group Inc.’s growth equity unit led a $125 million funding round for software startup Tines Security Services ...
Bisnow
2d
OpenAI Securing $40B In New SoftBank Funding, Scouting 16 States For Stargate Projects
SoftBank's latest investment of OpenAI values the company at $260B as its data center joint venture considers sites in 16 ...
14h
SoftBank reveals $2.4 billion loss in Q3
The report came just weeks after SoftBank chief Son appeared with President Trump and Sam Altman to announce the Stargate AI ...
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OpenAI
Masayoshi Son
Vision Fund
Google
David Faber
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