Business
SoftBank stops talks to buy data centre firm Switch
O] SoftBank Group has halted talks about an acquisition of US data centre operator Switch, a setback to founder Masayoshi Son’s ambition…
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SoftBank
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SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and related…
Business
SoftBank to buy DigitalBridge in US$4 billion deal to bolster AI infrastructure push
The investment firm funds digital infrastructure sectors such as data centres, cell towers, fibre networks and others SoftBank will…
Business
SoftBank said to have weighed potential takeover of Marvell
The Japanese conglomerate’s push into the space has gone beyond pure mergers and acquisitions. SoftBank Group explored a potential…
Business
SoftBank to buy ABB’s robotics business in US$5.4 billion deal
SoftBank Group said on Wednesday (Oct 8) it has agreed to buy the robotics business of Swiss engineering group ABB in a US$5.4 billion…
Business
GIC, SoftBank are said to weigh selling stake in fintech VNLife
The Vietnamese fintech firm has a presence in Vietnam, Singapore, Myanmar and Cambodia GIC and SoftBank Vision Fund are considering…
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SoftBank, Rakuten tap Japan’s booming retail demand for bonds
SALES of corporate bonds to Japan’s mom and pop investors are booming, on track to surpass last year’s record as bigger returns draw…
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OpenAI staffers to sell US$6 billion in stock to SoftBank, other investors
Current and former OpenAI employees plan to sell approximately US$6 billion worth of shares to an investor group that includes Thrive…
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An AI 'gold rush.' What to know about OpenAI's record $40-billion funding round
SAN FRANCISCO — ChatGPT maker OpenAI this week announced it raised a whopping $40 billion as it races to dominate a competitive AI…
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OpenAI finalizes a record $40-billion funding round
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from…
Business
OpenAI nears record US$40 billion funding round led by SoftBank
OpenAI is close to finalising a US$40 billion funding round led by SoftBank Group – with investors including Magnetar Capital, Coatue…
Business
SoftBank Group to acquire Ampere Computing in US$6.5 billion AI-focused deal
The US chip startup makes data centre CPU chips based on a computing architecture from Arm Holdings that are used by firms such as Oracle…
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FTX refunds: Temasek, BlackRock, SoftBank, Sequoia, Tom Brady, Shaquille O’Neal likely beneficiaries
AFTER more than two years of hand-wringing, creditors of bankrupt crypto exchange FTX are heaving a sigh of relief as the trading…
Business
SoftBank explores debt-heavy financing for US$500 billion AI push
A FEW weeks ago, SoftBank Group founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an…
Business
SoftBank nears deal to acquire chip designer Ampere
SOFTBANK Group is in advanced talks to acquire Ampere Computing, sources familiar with the matter said. The Japanese company is discussing…
Business
SoftBank, OpenAI unveil Japan AI joint venture
SoftBank Group CEO Masayoshi Son said on Monday (Feb 3) he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to…
Business
SoftBank in talks to lead OpenAI funding round at US$300 billion valuation, sources say
SOFTBANK is in talks to lead a funding round of up to US$40 billion in OpenAI at a post-money valuation of US$300 billion, sources told…
Business
SoftBank in Talks to Invest Up to $25 Billion in OpenAI
OpenAI, the San Francisco artificial intelligence company that has been on a yearslong money-raising frenzy, is in talks with the Japanese…
Business
SoftBank, OpenAI plan US$19 billion each for Stargate: report
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
Business
OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward…