MasayoshiSon

SoftBank Reports Significant Loss as It Prepares for Major AI Venture

2 months ago

SoftBank Group Corp. recently announced a substantial financial setback, revealing a considerable net loss for the third quarter of the fiscal year, a shift driven largely by the fallout from a series of strategic investment choices. This news comes as the company gears up for an ambitious investment in its forthcoming AI initiative, dubbed Stargate, which is anticipated to be a game-changer in its recovery strategy.

SoftBank's Son and OpenAI's Altman Launch Ambitious AI Initiative in Japan

2 months ago

In a groundbreaking collaboration, Masayoshi Son, the founder and CEO of SoftBank, and Sam Altman, the CEO of OpenAI, are set to unveil a high-stakes artificial intelligence (AI) initiative aimed at revolutionizing Japan's technological landscape. This venture is expected to bolster Japan’s position as a global hub for AI innovation, drawing significant attention from both domestic industries and international investors.

Rakuten’s Billionaire Founder Makes Bold AI Investment to Offset Mobile Arm Losses

3 months ago

In a bold strategic maneuver, Masayoshi Son, the founder of Rakuten, is betting heavily on the evolving field of artificial intelligence (AI) to counteract substantial losses in the company’s mobile division. Son's approach highlights his belief in the transformative potential of AI technologies as pivotal to establishing long-term growth and sustainability for the struggling telecom unit.

Breaking News: SoftBank Unveils Ambitious $100 Billion Investment Pledge

4 months ago

In a strategic move that has captured the attention of investors and tech enthusiasts alike, SoftBank Group Corp. has announced a monumental pledge of $100 billion aimed at bolstering innovation and technology startups worldwide. This significant financial commitment underscores SoftBank's dedication to fostering the advancement of technologies that can reshape industries and improve lives.

SoftBank's Visionary Leader Sees AI Revolutionizing Households by the Mid-2020s

7 months ago

SoftBank Group Corp.'s flamboyant founder and Chief Executive Masayoshi Son forecast in striking terms a future in which artificial intelligence assumes command of ordinary household functions. Speaking at the Tokyo-based conglomerate's annual meeting in October 2023, Son laid out his ambition for AI to become a seamless component of domestic life in the coming years.