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softbank

Markets 1 week ago

AI-linked Asian stocks slump after top lab CEOs call for development slowdown

Anthropic CEO Dario Amodei called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence. Both Elon Musk, who runs xAI, and Sam Altman, CEO of OpenAI, said that they agree with Amodei.

Companies 3 months ago

SoftBank vows to spend $87.5 billion on AI centers in France

Japanese tech investor SoftBank will spend 75 billion euros (US$87.5 billion) on artificial intelligence infrastructure in France, its founder Masayoshi Son told a French newspaper in an interview released Saturday.

Science & Tech 9 months ago

Softbank's Son says super AI could make humans win Nobel Prize

Meeting South Korean President Lee Jae Myung in Seoul, Son, whose SoftBank is a major backer of ChatGPT maker OpenAI, described a future in which an advanced AI surpasses humans by a magnitude of 10,000.

Companies 1 year ago

SoftBank to invest $2b in Intel to become top-10 shareholder

SoftBank Group is buying a US$2 billion equity stake in Intel, a move that will make it a top-10 shareholder and provide a powerful ally to the struggling US chipmaker.

Tech 1 year ago

Japan's SoftBank posts $7.8b annual net profit

Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a $7.8 billion annual net profit, its first in the black for four years.

Tech 1 year ago

Trump touts $100b SoftBank investment, vowing 100,000 jobs

US President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration.

Companies 2 years ago

WeWork files bankruptcy, its meteoric rise a faint memory

The coworking company said its bankruptcy impacts operations in the United States and Canada, but "global operations are expected to continue as usual."

Tech 3 years ago

SoftBank sees shock $3.3 billion first-quarter loss

The firm has made huge bets to find and grow hot new tech ventures around the world, but that has left its earnings vulnerable to market forces.

Companies 3 years ago

SoftBank Group logs $7.2 billion full-year loss on tech woes

SoftBank Group reported an annual net loss of over US$7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested.

Editorial 3 years ago

New capital: A giant’s baby steps

The government needs to find a way to reassure investors that the capital relocation will move ahead and not slow down regardless of who wins the election.

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