Tag - softbank

 
 

SOFTBANK

The listing ceremony of Ola Electric Mobility at the National Stock Exchange in Mumbai, India, on Aug. 9
BUSINESS / Companies
Aug 19, 2024
Mumbai debuts deliver for SoftBank after market retreat from AI trims gains
Three firms backed by SoftBank have made solid debuts in the past week, in a positive sign after the Vision Fund fell to a loss of ¥204.3 billion in the June quarter.
SoftBank Group CEO Masayoshi Son is preparing a big artificial intelligence bet.
BUSINESS / Companies
Aug 6, 2024
SoftBank to log slim profit ahead of Masayoshi Son’s next AI bet
Emerging from a month of sharp selloffs, the investment firm is expected to report a net income of ¥1 billion for the June quarter.
The Internal Affairs and Communications Ministry has said the 50-50 control of LY, the operator of the Line app, by SoftBank and Naver leaves the messaging app vulnerable to cyberattacks.
BUSINESS / Companies
Aug 4, 2024
SoftBank and Naver to sell down stake in Japan’s Line app
The tender comes as the capital structure of the operator of Japan’s biggest messaging app Line threatens to become a diplomatic flash point with South Korea.
Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks during a news conference in Tokyo in June.
BUSINESS / Companies
Jul 12, 2024
SoftBank buys struggling U.K. chip startup Graphcore in AI race
The deal marks Softbank's second acquisition of a U.K. semiconductor firm, following its 2016 purchase of Cambridge-based Arm Holdings.
The PayPay app had about 60 million registered users as of October.
BUSINESS / Companies
Jul 8, 2024
SoftBank group firm PayPay Securities aims to double accounts
The company has been in the red since February 2021, with a net loss of ¥4.6 billion ($29 million) for the 2023 fiscal year.
Elliott Investment Management's sizable stake in Sumitomo reflects a growing shareholder activism in Japan.
BUSINESS / Companies
Jul 2, 2024
Activist investor campaigns hit record high, driven by Japan
The number of new activists campaigns totaled 147, up 7% from 138 in the same period in 2023 and 29% above the five-year average.
Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks during the company's annual general meeting in Tokyo last Friday.
BUSINESS / Companies
Jun 27, 2024
SoftBank to back AI startup Perplexity at $3 billion valuation
SoftBank will invest between $10 million and $20 million in the firm, which aims to use AI to compete with Alphabet’s Google search.
LINE, the app at the center of a tug-of-war for control. Line was introduced in Japan in 2011 by Naver, the operator of South Korea’s leading search engine.
BUSINESS / Tech
Jun 24, 2024
Japan and South Korea are fighting over an app at a tense time
Leaders on both the Japanese and South Korean sides appear determined to prevent the quarrel over Line from escalating.
Softbank Group CEO Masayoshi Son speaks during the annual general shareholders' meeting in Tokyo on Friday.
BUSINESS / Companies
Jun 21, 2024
SoftBank’s Son aims to create ‘super’ AI in new investment drive
He envisions a future when Arm Holdings chips support an ecosystem of technology that can collectively cure cancer, clean houses and play with children.
SoftBank Group founder Masayoshi Son says the conglomerate is ready to make its next big move, without fear of whether that’ll be a hit or miss.
BUSINESS / Companies
Jun 20, 2024
After losses, SoftBank’s Masayoshi Son says he's ready for his next big bet
The billionaire has warned that his next big endeavor could be a big hit or a bad flop — but that SoftBank has no choice but to try.
Debt rating firms have raised SoftBank Group’s grade as the Tokyo-based company’s earnings from investments begin to stabilize.
BUSINESS / Companies
Jun 13, 2024
SoftBank’s bond underwriting fee drops for first time in decade
The firm paid brokerages ¥1.10 per ¥100 to underwrite ¥550 billion of seven-year notes for individual investors, according to a company filing.
Sharp's LCD production site in Sakai, Osaka Prefecture, in 2009
BUSINESS / Companies
Jun 9, 2024
Sharp's LCD plant in Osaka set to be transformed into massive AI data center
The new large-scale facility will support SoftBank’s generative AI and other AI-related businesses.
Line, which has evolved into an all-encompassing app used for messaging, payments, job searches and more, is now at the center of a dispute over its ownership.
COMMENTARY / Japan
Jun 5, 2024
Why Line, a superapp, sparked a diplomatic dispute
Line, which has evolved into an all-encompassing app used for messaging, payments, job searches and more, is now at the center of a dispute over its ownership.
SoftBank is working to develop artificial intelligence-enabled software that softens the tone of customers' voices.
BUSINESS
May 16, 2024
SoftBank looks at 'softening' angry customer calls with AI
The issue of harassment of staff working in the service industry has gained more awareness in recent years.
SoftBank is regaining its footing just as founder Masayoshi Son readies sizable investments in artificial intelligence and semiconductors.
BUSINESS / Companies
May 13, 2024
SoftBank to get more aggressive on AI after profit and asset sales
The company earned a better-than-expected net income in the March quarter, helped by investment gains.
SoftBank Group CEO Masayoshi Son in 2019. Son is said to be selling off assets from the Vision Fund’s portfolio as he prepares for possible forays into AI and related hardware.
BUSINESS / Companies
May 10, 2024
SoftBank's Vision Fund lightens asset load as Son pivots to AI and chips
Son has moved on to new obsessions, inspired in part by the success of Arm — which has soared in value to around $106 billion since its market debut.
SoftBank is in talks with South Korea's Naver over control of LY, which operates the popular messaging app Line, the telecommunications firm's CEO has said.
BUSINESS
May 9, 2024
SoftBank in talks with Naver over control of Line operator LY
LY is majority owned by a joint venture between SoftBank and Naver.
SoftBank Group is in talks to acquire Graphcore, a struggling British semiconductor startup.
BUSINESS / Companies
May 9, 2024
SoftBank said to be in talks to buy troubled AI chip firm Graphcore
Graphcore reported just $2.7 million in revenue for 2022, a 46% drop from the prior year, according to its latest financial report.
People walk past the booth of an AI chip company at the Mobile World Congress in Barcelona on Tuesday.
BUSINESS / Tech
Feb 27, 2024
SoftBank, Nvidia and Microsoft team up to use AI in mobile base stations
The alliance aims to work together in preventing communications congestion and promoting the use of smartphone apps using generative AI.
When SoftBank Group founder Masayoshi Son bought Arm in 2016 for $32 billion, he had grand plans for the company to dominate the nascent market for connected devices, also known as the Internet of Things.
COMMENTARY / Japan
Feb 21, 2024
Softbank’s Arm is not the AI play most people think it is
Today, GPUs are the gold standard for AI development and thus the equivalent of toilet paper during the pandemic.

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