Japan's SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen, or $2.4 billion, loss for the fiscal third quarter, as it racked up red ink from its Vision Fund investments.
SoftBank's Son back to form with big bets and quarterly loss
Japan's SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of ...
SoftBank's Mobile Business Recovering as It Gears Up for AI
We believe SoftBank has a narrow economic moat based on cost advantage and efficient scale in its mobile network business, which we estimate generates around half of the company’s revenue and around ...
Japan's Softbank Group seen booking $1.5 billion quarterly profit
Japan's SoftBank Group is set to make a quarterly net profit of 234 billion yen ($1.54 billion) on Wednesday as shares in its ...
USA Today10d
Trump announces $500B Stargate AI project: 'Country will be prospering like never before'
ChatGPT creator OpenAI, Softbank and Oracle, along with other equity backers of Stargate, have committed $100 billion for immediate deployment, with the remaining investment expected over the ...
Fortune16d
SoftBank CEO Masayoshi Son will lead massive $500 billion Stargate project with OpenAI’s Sam Altman and Oracle’s Larry Ellison
From left: Masayoshi Son, chairman and CEO of SoftBank; Larry Ellison, executive chairman of Oracle; and Sam Altman, CEO of OpenAI listen to President Trump speak at the White House on Jan. 21 ...
Indiatimes20d
OpenAI, SoftBank each commit $19 billion to Stargate AI data center: Report
OpenAI and SoftBank did not immediately respond to Reuters' requests for comment. On Tuesday, US President Donald Trump announced that OpenAI, SoftBank Group and Oracle will unveil Stargate and invest ...
Yahoo Finance20d
OpenAI, SoftBank each commit $19 billion to Stargate AI data center, the Information reports
(Reuters) -OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information ...
Indiatimes20d
SoftBank, OpenAI launch $500 billion AI infrastructure project, Masayoshi Son named chairman
"This investment will re-industrialise America…But more importantly, it gives OpenAI the computing power it needs for AGI research,” OpenAI said in a statement. The infrastructure buildout aims to ...
The Taipei Times20d
Trump touts new AI project by Softbank, Oracle and OpenAI
US President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence (AI) led by Japan’s Softbank Group Corp, cloud giant Oracle Corp and ChatGPT-maker ...
Yahoo Finance20d
SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump
(Bloomberg) -- SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald ...
CBS News20d
What is Stargate, Trump's ambitious AI infrastructure venture?
When President Trump announced the new $500 billion Stargate AI venture from OpenAI, Softbank and Oracle on Tuesday, he promised it would ensure "the future of technology" in the U.S. So far ...