Softbank

SoftBank's Masayoshi Son 'cried' about Nvidia stake sale to fund AI bets

SoftBank has doubled down on its bets on AI through a flurry of projects that include a Stargate data center with Hon Hai Precision Industry Co

OpenAI jitters leave Sam Altman's business buddies feeling the heat

SoftBank Group Corp.'s shares have tumbled 40 per cent from late October, while Oracle Corp.'s stock has given up all gains made since early September

ElasticRun trims FY25 loss to ₹145 cr, revenue up 9% on private-label push

ElasticRun has narrowed its FY25 loss to Rs 145 crore as revenue increased 9 per cent, backed by stronger private-label traction, regional brands, and a deeper logistics push

PayPay buys 40% stake in Binance Japan to deepen its digital payments push

PayPay has played a role in encouraging Japanese consumers to move away from a long-standing preference for cash by offering rebates on payments through its mobile app

SoftBank to acquire ABB's $5.4 bn robotics arm, boosting global AI push

SoftBank will buy ABB's robotics division for $5.4 billion, aiming to grow its AI and automation business; the deal is expected to close by mid- to late-2026, pending approvals

SoftBank to trim Vision Fund team by 20% to focus on Son's AI projects

SoftBank will cut nearly 20 per cent of Vision Fund staff worldwide as it shifts focus to AI projects like the $500 billion Stargate plan, investing heavily in chips, data centres and OpenAI

SoftBank's Masayoshi Son goes 'all in' on OpenAI, echoing past tech risks

SoftBank shares soared to a record after Oracle revealed nearly $500 billion in future contracts, boosted by OpenAI, raising optimism about the company's AI-driven growth prospects

Ola Electric auditor flags 'material weakness' in inventory controls

Ola Electric's auditor flagged weak inventory controls at its main unit, as SoftBank and automakers cut stakes and regulators probe sales and consumer complaints

SoftBank cuts Ola Electric stake to 15.68% after offloading 2.15%

SoftBank still holds 691.6 million shares in Ola Electric, making it the second largest shareholder in the company after founder Bhavish Aggarwal

OpenAI staff plan to sell $6 billion in stock to SoftBank, other investors

The secondary share sale will give OpenAI employees a chance to get cash-rich amid a high-stakes talent war in the artificial intelligence industry

SoftBank Q1 results: Posts $2.9 bn profit, stock up 1.3% on AI rally

Japanese technology conglomerate SoftBank Group Corp. posted a 421.8 billion yen (USD 2.9 billion) profit in the April-June quarter, rebounding from a loss a year earlier as its investments benefited from the craze for artificial intelligence. Quarterly sales at Tokyo-based SoftBank Group, which invests heavily in AI companies like Nvidia and Open AI, rose 7 per cent to 1.8 trillion yen (USD 12 billion), the company said Thursday. SoftBank's loss in April-June 2024 was 174 billion yen. The company's fortunes tend to fluctuate because it invests in a range of ventures through its Vision Funds, a move that carries risks. The group's founder Masayoshi Son has emphasised that he sees a vibrant future in AI. SoftBank has also invested in Arm Holdings and Taiwan Semiconductor Manufacturing Co. Both companies, which produce computer chips, have benefitted from the growth of AI. The era is definitely AI, and we are focused on AI, SoftBank senior executive Yoshimitsu Goto told reporters.

SoftBank's Son and OpenAI's Altman see no end to AI demand and scaling

Speaking via teleconference at SoftBank World, the two business partners argued that advancing artificial intelligence would lead to new jobs that are not yet imagined

SoftBank's Masayoshi Son ready to pass baton, bets big on AI revolution

SoftBank's Masayoshi Son signals leadership shift, unveils bold AI plans; firm has invested over $10 billion in Indian startups like Paytm, Swiggy, Ola Electric, and FirstCry

Masayoshi Son prepares to pick successor from within SoftBank Group

The 67-year-old has several candidates in mind, but won't make an announcement until the last minute, Son said during a general shareholders' meeting in Tokyo

SoftBank aims to become top artificial super intelligence platform provider

SoftBank Group CEO likened his aim to the position of dominant technology platform providers such as Microsoft, Amazon and Alphabet's Google, which benefit from a "winner takes all" dynamic

SoftBank pitches $1 trillion AI, robotics hub in US to TSMC, Trump team

SoftBank officials are keen to have the Taiwanese maker of Nvidia Corp.'s advanced AI chips play a prominent role in the project

Softbank-backed Lenskart set to file for $1 bn IPO in coming weeks

The company raised $200 million from Temasek Holdings Pte and Fidelity Management & Research in June 2024 at a $5 billion valuation, according to Avendus Capital Pvt, one of the deal's advisors

Softbank's Masayoshi Son floats idea of US-Japan sovereign wealth fund

Son has discussed the plan with US Treasury Secretary Scott Bessent, although it hasn't been formally proposed, the report said.

Softbank reports 1st profit in 4-yrs; India bets Ola, Swiggy weigh on SVF2

SoftBank posts ¥1.15 trillion FY25 profit but reports ¥561.7 bn loss in SVF2 due to share declines in Indian bets Ola and Swiggy, which fell nearly 40 per cent

Japan's SoftBank Group Q4 results: Profit rises to $3.5 bn, beats estimates

The result compared with 231 billion yen profit for the same period the previous year and the 26.9 billion yen average loss from five analyst estimates compiled by LSEG