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SoftBank store in Ginza shopping district in Tokyo SoftBank Group is seeking to borrow up to $40 billion – reportedly its largest-ever loan denominated solely in US dollars – as founder Masayoshi Son doubles down on his bet on OpenAI. Citing people familiar with the matter, Bloomberg reported that SoftBank is in talks with four…
A massive $500 billion AI data center project, Stargate, announced with fanfare at the White House, has stalled. Internal disagreements between partners OpenAI and SoftBank, coupled with funding challenges, have halted construction and leadership development. This setback has significantly impacted Oracle’s stock and OpenAI’s compute capacity targets, highlighting the difficulties of large-scale infrastructure development. On…
It seems Japanese giant Softbank’s OpenAI investment is paying off. SoftBank posted a $2.4 billion gain at its Vision Fund in the December quarter as a jump in the value of its OpenAI investment helped offset losses in some of its other bets. The Japanese giant, owned by one of the Japan’s richest man Masayoshi…
BENGALURU: Masayoshi Son-led SoftBank Group pared its holding in Ola Electric Mobility to 13.5% from 15.6%, in what appears like a staggered exit from the electric 2-wheeler maker that was once among its marquee India bets. SVF II Ostrich (DE), a SoftBank affiliate and Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold 9.4 crore…
SoftBank Group founder Masayoshi Son revealed that he “was crying” when he sold the company’s stake in Nvidia, highlighting how reluctant he was to part with the fast-rising chipmaker. This emotional exit raises a key question — what compelled Japan’s second-richest man to give up the shares despite not wanting to?Speaking at the FII Priority…
Masayoshi Son, SoftBank Group CEO, has revealed that the company’s decision to sell its substantial stake in Nvidia was a painful, though necessary, step taken to fund its aggressive new investments in artificial intelligence (AI), including a major commitment to OpenAI. Addressing the November disclosure that SoftBank had completely unloaded its shares worth $5.83 billion…
OpenAI’s partners are shouldering nearly $100 billion in debt linked to the AI firm, with SoftBank, Oracle, and CoreWeave borrowing heavily. This strategy leverages others’ balance sheets, as OpenAI itself holds minimal debt. Oracle faces the largest exposure, with its stock value significantly impacted by these arrangements. OpenAI‘s data center partners are accumulating nearly $100…
Wall Street witnessed mixed trading on Tuesday, cooling off after Monday’s sharp rally that followed a week of losses. The S&P 500 slipped 0.2% in early trading, the Dow Jones Industrial Average added 73 points, while the tech-heavy Nasdaq fell 0.5%. Despite the pullback, all three major indexes remained close to record highs, AP reported….
Japan’s SoftBank Group Corp has sold its stake in US chipmaker Nvidia for $5.8 billion, signalling a strategic pivot toward artificial intelligence investments, particularly in OpenAI, the company said on Tuesday, AP reported. The tech conglomerate also reported that its profit nearly tripled in the first half of the current fiscal year, driven by strong…
SoftBank has sold its entire stake in Nvidia for $5.83 billion, reports Bloomberg. The sale comes as SoftBank founder and CEO Masayoshi Son gears up for a new wave of investments in artificial intelligence (AI). The move echoes a light-hearted moment between Son and Nvidia CEO Jensen Huang. During his visit to Japan in November…
