Page 2 - Softbank

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

Oyo delays IPO to 2026 after SoftBank pushback, targets $7 bn valuation

Oyo and SoftBank did not immediately reply to a Reuters request for comment. India's blue-chip Nifty 50 is up about 3 per cent this year

OpenAI to raise $40 bn in funding round led by SoftBank for AI research

SoftBank would provide 75 per cent of the funding, according to a person familiar with the matter, with the remainder coming from Microsoft, Coatue Management, Altimeter Capital and Thrive Capital

SoftBank planning to invest $1 trillion for AI effort in US: Report

The factories would likely use AI-equipped robots that would operate autonomously because of labor shortages in the country, according to the report

OpenAI close to finalising $40 bn SoftBank-led funding at $300 bn valuation

The deal is set to value the company at $300 billion including dollars raised - almost double the ChatGPT maker's previous valuation of $157 billion from when it raised money in October

SoftBank Group CEO in talks to borrow $16 billion to invest in AI: Report

The Japanese technology investor might borrow another $8 billion in early 2026

SoftBank posts loss of $2.4 bn in Q3 on fall in 'Vision Fund' valuations

In particular, SoftBank was hit by unrealised valuation losses for South Korean e-commerce platform Coupang, Chinese ride-hailing firm Didi Global and AutoStore Holdings

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 projects, according to people familiar with the matter

Japan's Softbank Group likely to make $1.5 billion quarterly profit

The profit of 234 billion yen is based on the average of four analyst estimates compiled by LSEG, and compares with a gain of 950 billion yen in the same period last year