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 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 books surprise loss of $2.4 billion in third quarter
By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a surprising net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.
SoftBank Group Posts Quarterly Loss on Weak Tech Funds Business
The Japanese technology investment company reported a quarterly loss, partly due to the weakness in its technology funds business.
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 ...
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 ...
Ex-Google chief warns west to focus on open-source AI in competition with China
Former Google chief Eric Schmidt has warned that western countries need to focus on building open-source artificial ...
SoftBank, OpenAI unveil Japan AI joint venture
SoftBank Group CEO Masayoshi Son on Monday said he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan ...
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SoftBank, OpenAI tie up to develop AI for Japan as DeepSeek rises
SoftBank Group and OpenAI will create a joint venture to develop and sell artificial intelligence (AI) services to ...
Analysis: SoftBank Group, OpenAI and the artificial intelligence race
Tech giants SoftBank Group and OpenAI announced a joint AI venture. With new models coming out of both the US and China, how ...
OpenAI launches 'deep research' tool after China's DeepSeek shakes AI world; Here's how to use new feature, limitations and more
OpenAI has launched 'deep research,' a new ChatGPT tool capable of generating detailed reports, as competition in the AI ...