SoftBank

Breaking News: SoftBank Unveils Ambitious $100 Billion Investment Pledge

6 days 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 Son Commits $100 Billion to Boost U.S. Investments

6 days ago

In a significant move that signals optimism for the U.S. economy, SoftBank Group Corp. founder Masayoshi Son has announced plans to invest $100 billion in various sectors within the United States. This substantial commitment comes at a pivotal time when the nation is grappling with economic challenges, and the tech sector continues to experience rapid evolution.

Ex-SoftBank Executive Akshay Naheta Seeks Stake Sale in Innovative Stablecoin Venture

11 days ago

Former SoftBank executive Akshay Naheta is reportedly exploring the sale of a significant stake in his blockchain-based stablecoin startup, aiming to attract investors and secure further growth in a competitive landscape. The move comes amidst growing interest in digital currencies and the increasing legitimization of stablecoins as a viable financial instrument in the modern economy.

SoftBank Eyes $1.5 Billion Stake Purchase in OpenAI from Employees

23 days ago

In a significant move signaling strong interest in artificial intelligence, SoftBank Group Corp. has initiated steps to acquire approximately $1.5 billion worth of shares in OpenAI directly from its employees. This development reflects SoftBank's ongoing commitment to investing heavily in advanced technologies and bolstering its portfolio with innovative companies shaping the future of AI.

SoftBank-Backed Alto Secures $40 Million in Convertible Note Financing

23 days ago

Alto, a technology startup supported by SoftBank, has successfully raised $40 million through a convertible note funding round. This significant influx of capital is set to enhance the company's operational capabilities and expand its market reach as it positions itself for future growth opportunities in the tech landscape.

SoftBank's Vision Fund Faces Changes as Key Executive Departs Amid Startup Boom Transition

1 month ago

In a notable shift within SoftBank's Vision Fund, one of its prominent executives, known for significantly guiding the firm during a period of explosive startup growth, has announced their departure. This development marks a pivotal moment for the venture capital giant, which has been navigating a challenging landscape as the startup funding environment evolves.

SoftBank Sees Surge in Profits Thanks to Booming Indian IPO Market

1 month ago

In a significant turn of events, SoftBank Group Corp. has reported a swing to profitability, largely propelled by a vibrant initial public offering (IPO) scene in India. The Japanese investment giant has capitalized on the country’s burgeoning tech industry and an enthusiastic investor climate, resulting in a strong financial performance.

Wayve Launches AI-Powered Test Drives in San Francisco with SoftBank Support

2 months ago

Wayve, the London-based startup renowned for its groundbreaking advances in artificial intelligence technologies for autonomous vehicles, has embarked on a new phase of testing in San Francisco. Backed by the investment giant SoftBank, Wayve has recently received permission to operate its AI test drives in the city, marking a significant milestone in its quest to revolutionize the transportation sector.

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

3 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.

Adam Neumann's Latest Venture Targets WeWork as a Competitor

3 months ago

Embattled WeWork co-founder and former CEO Adam Neumann is back in commercial real estate. His first run with WeWork proved highly contentious and ultimately forced him out of his position, but he's returning with a new venture pointedly focused on rivaling his old company. This new initiative could bring innovative coworking spaces that might provide vibrancy to the industry's landscape.