Tag - softbank

 
 

SOFTBANK

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.
Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks during the SoftBank World event in Tokyo in October.
BUSINESS / Tech
Feb 17, 2024
Masayoshi Son aims to launch a $100 billion AI chip venture
The SoftBank Group founder is looking to create a chip venture to compete with Nvidia and supply semiconductors essential for AI.
Masayoshi Son, chairman and chief executive officer of SoftBank Group. One of SoftBank's primary objectives will be to harvest returns from its huge portfolio rather than priming unprofitable startups for growth.
BUSINESS / Companies
Feb 14, 2024
SoftBank’s Vision Fund swaps splashy bets for ‘timid’ investing
As other tech investors have heaped money into new artificial intelligence firms, Vision Fund has stayed out of the fray.
SoftBank Group shares surged for a third day in Tokyo on Tuesday.
BUSINESS / Tech
Feb 13, 2024
SoftBank shares climb again with Arm’s explosive AI rally
Arm Holdings has almost doubled in value since making the case last week for how it will benefit from the artificial intelligence boom.
SoftBank Group booked a profit for the December quarter after four straight quarters of losses.
BUSINESS / Companies
Feb 8, 2024
SoftBank swings to profit lifted by T-Mobile windfall
SoftBank recorded its first profit after four straight quarters of losses, backed by a rebound of the Vision Fund and gains from T-Mobile shares.
SoftBank CEO Masayoshi Son is a longtime investor in WeWork, sticking with the company throughout its many ups and downs.
BUSINESS / Companies
Feb 2, 2024
SoftBank swoops in to rescue WeWork Japan
The development comes just four months after the troubled coworking business — once valued at $47 billion — filed for bankruptcy in the U.S.
Alex Clavel, co-CEO at SoftBank Investment Advisers, won SoftBank Group CEO Masayoshi Son's trust as a steady hand managing and fixing SoftBank's complex or troubled transactions.
BUSINESS / Companies
Jan 12, 2024
Behind SoftBank’s investing cleanup, a U.S. dealmaker who survived the turmoil
Unassuming problem solver Alex Clavel is Masayoshi Son's top lieutenant leading the investment group's attempt at a turnaround.
SoftBank has agreed to buy a majority stake in Irish software developer Cubic Telecom for around €473 million.
BUSINESS / Companies
Dec 5, 2023
SoftBank buys majority stake in Irish car software developer
SoftBank will acquire 51% of Cubic Telecom, which provides a platform for automakers to update software functions in cars globally and in real time.
BUSINESS / Companies
Dec 5, 2023
Prospect of NTT Law abolishment unclear amid fierce opposition
The idea was first proposed by a ruling Liberal Democratic Party panel to make the communications giant internationally competitive.
Monday's disruptions, which began around 8:30 a.m., affected SoftBank's "Otoku Line" and "Otoku Hikari Denwa" services in parts of eastern Japan.
BUSINESS / Companies
Nov 20, 2023
SoftBank's fixed-line phone services disrupted again
Disruption in parts of eastern Japan followed 14-hour outage over the weekend.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past