SoftBank Group: News
OYO eyeing a valuation of $7-8B for its IPO
OYO, a global travel tech firm, is gearing up to file its Draft Red Herring Prospectus (DRHP) in November.
SoftBank invests $2B in Intel, becoming 6th-largest shareholder
SoftBank Group has announced a major investment of $2 billion in Intel.
OpenAI employees may sell shares worth $6B to SoftBank, others
Current and former employees of OpenAI are considering a sale of nearly $6 billion worth of the company's shares, according to Reuters.
SoftBank shares up 8% today: Here we decode why
SoftBank Group's shares soared by as much as 8% today, amid speculation that the tech investor could capitalize on its long-standing focus on artificial intelligence (AI).
SoftBank plans US IPO for PayPay, aiming to raise $2B
SoftBank is preparing to take its Japanese payments app operator, PayPay, public in the US. The IPO could raise over $2 billion from investors.
SoftBank Group records net profit of $2.9B in Q1
Japanese tech investor SoftBank Group has reported a net profit of ¥421.8 billion ($2.87 billion) for the April-June quarter.
Lenskart eyes valuation of over $8B in upcoming IPO
SoftBank-backed eyewear start-up Lenskart has filed with the Ministry of Corporate Affairs (MCA) to raise ₹2,150 crore via a fresh issue of shares.
SoftBank-backed travel platform Klook might raise $500M via IPO
Klook, a leading travel and leisure booking platform, is said to be considering an initial public offering (IPO) in the United States.
SoftBank founder plans $1,000B AI and robotics complex in Arizona
SoftBank Group founder Masayoshi Son is planning a $1 trillion industrial complex in Arizona, according to Bloomberg.
SoftBank founder has proposed new US-Japan sovereign wealth fund
SoftBank founder Masayoshi Son has proposed a joint sovereign wealth fund (SWF) between the United States and Japan.
SoftBank-backed Juspay raises $60M to accelerate AI development
Bengaluru-based payment technology company, Juspay, has successfully raised $60 million in its Series D funding round.
SoftBank buys chip designing start-up Ampere for $6.5B
In a deal worth $6.5 billion, SoftBank Group has acquired Ampere Computing, a US-based start-up famous for its ARM-based server chips. It was established in 2017.
SoftBank pours $670M to convert factory into AI data center
Japanese multinational investment firm, SoftBank, has confirmed its plans to invest $672 million in a former Sharp factory.
SoftBank reports $2.4B loss in Q3 amid huge AI investments
SoftBank Group has reported a massive third-quarter loss of ¥369.165 billion (nearly $2.4 billion) for the fiscal year 2024.
OpenAI, SoftBank partner to offer custom AI services to corporates
OpenAI and SoftBank Group have announced a strategic partnership to create and market an innovative enterprise artificial intelligence (AI) system, "Cristal intelligence."
SoftBank in talks to invest $25B in OpenAI
Japanese multinational conglomerate, SoftBank, is said to be in advanced talks to invest as much as $25 billion in OpenAI.
Sam Altman reveals first site of $500B Stargate AI project
Sam Altman, CEO of OpenAI, has revealed the first site for the ambitious $500 billion 'Stargate Project' in Texas.
SoftBank CEO to announce $100B US investment, 100,000 AI-focused jobs
SoftBank CEO Masayoshi Son is all set to announce a mammoth $100 billion investment in the United States.
Paytm to sell stake in PayPay to SoftBank for $250M
One97 Communications, the parent company of Indian fintech giant Paytm, is close to finalizing a deal to sell its stake in Japan's digital payments firm, PayPay Corporation.
NVIDIA, SoftBank introduce world's first combined AI and 5G network
In a major development, leading chipmaker NVIDIA has partnered with SoftBank to introduce the world's first artificial intelligence (AI) and 5G telecommunications network.
SoftBank's supercomputer bags priority access to NVIDIA's new-gen AI chips
SoftBank has bagged a priority position in the queue for NVIDIA's new-generation Blackwell AI chips, NVIDIA CEO Jensen Huang has confirmed.
SoftBank Vision Fund's co-CEO Rajeev Misra to leave the company
Rajeev Misra, the co-CEO of SoftBank's Vision Fund, is resigning from his leadership roles at the company's flagship technology investment vehicles.
SoftBank set to book $1.87B profit thanks to IPOs
Japanese technology investor, SoftBank Group, is expected to announce a quarterly profit of ¥287 billion ($1.87 billion) today.
SoftBank plans $500 million investment in ChatGPT creator OpenAI
SoftBank's Vision Fund is planning to drop a hefty $500 million into OpenAI, as per a report by The Information.
SoftBank-backed B2B e-commerce platform eyes $1B IPO in India
OfBusiness, an Indian B2B e-commerce platform supported by SoftBank Group, is preparing for a potential initial public offering (IPO) in the country.
SoftBank ends AI chip collaboration with Intel, turns to TSMC
SoftBank has terminated its partnership with Intel, initially aimed at creating an artificial intelligence (AI) chip.
SoftBank shares plunge 19%, Masayoshi Son's wealth shrinks by $4.6B
SoftBank Group shares took a nosedive of nearly 19% on Monday, resulting in a significant reduction in founder Masayoshi Son's net worth.
SoftBank cuts ties with Paytm, sells remaining 1.4% stake
Japan's SoftBank has fully divested from One97 Communications, the parent company of fintech giant Paytm.
SoftBank to invest $10-20M in Perplexity AI at $3B valuation
SoftBank Group's Vision Fund 2 is preparing to invest in US-based artificial intelligence startup, Perplexity AI.
SoftBank's Masayoshi Son pushes for development of artificial super intelligence
Masayoshi Son, CEO of SoftBank Group, has revealed his ambitious vision for the future of the company.
SoftBank forges strategic alliance with AI search engine Perplexity
SoftBank, the multinational conglomerate, has announced a strategic alliance with Perplexity, an AI search engine aiming to compete with Google.
OYO eyes ₹1,000 crore fundraise in significant down round
OYO, a leading Indian hospitality startup, is currently in advanced discussions to raise approximately ₹1,000 crore ($120 million).
SoftBank's shares surge amid Arm Holdings's AI chip plans
SoftBank Group's stock experienced a 1.89% increase, reaching 8,026 yen ahead of its earnings report.
UK startup secures record $1B funding to expand self-driving tech
Wayve, a UK-based startup specializing in self-driving technology, has successfully raised $1.05 billion in a Series C funding round.
SoftBank reduces stake in crisis-hit Paytm to less than 3%
SoftBank has reduced its stake in Paytm, now holding only 2.83% compared to 5.01% previously, as reported in a recent exchange filing.
What is 'Izanagi', SoftBank founder Son's new $100B AI venture
SoftBank founder Masayoshi Son is working on a massive $100 billion project to develop a new artificial intelligence (AI) chip unit, called 'Izanagi.'
SoftBank fully exits PolicyBazaar parent, bags a profit of 225%
SoftBank has made a whopping $650 million (approximately Rs. 5,400 crore) in returns after fully exiting PB Fintech, the parent company of insurance marketplace PolicyBazaar.
SoftBank to resume investing in Indian start-ups this year
SoftBank is gearing up to invest in Indian start-ups once more after an 18-month hiatus, according to Sumer Juneja, Head of India and EMEA at SoftBank Investment Advisers.
Who is Nikesh Arora, IIT-graduate who just became a billionaire
Nikesh Arora, the CEO of cybersecurity company Palo Alto Networks, has entered the billionaires' club after a hefty paycheck he received from the firm.
Meesho's FY23 revenue rises 77%, losses shrink by half
Meesho, an affordable e-commerce platform, has seen a 77% surge in revenue from operations, hitting Rs. 5,735 crore in FY23 compared to Rs. 3,232 crore in FY22.
SoftBank-backed FirstCry, Ola Electric to file IPO papers by December-end
Ola Electric and FirstCry, both backed by SoftBank, will submit their draft IPO papers to the Securities and Exchange Board of India (SEBI) by next week, as per Moneycontrol.
SoftBank may sell Zomato shares worth Rs. 1,125 crore
SoftBank plans to sell around 1.1% of its stake in the food delivery giant Zomato, amounting to approximately $135 million (Rs. 1,125 crore) through a block deal, as per Bloomberg.