The Japanese technology investment company reported a quarterly loss, partly due to the weakness in its technology funds business.
SoftBank’s AI investments face increasing risks, especially in OpenAI and Stargate. Find out why SFTBF stock could be overvalued amid mixed earnings results.
Nissan Motor Co.’s credit-default swaps widened to the most among Japanese companies, overtaking both Rakuten Group Inc. and SoftBank Group Corp. after its consolidation talks with Honda Motor Co. were terminated.
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments. That's compared to a 950 billion yen profit in October-December 2023.
Google and SoftBank’s Vision Fund are new investors in Inc., participating in a $230 million funding round for the Boston-based startup, which aims to make quantum computing more practical. QuEra Interim Chief Executive Officer Andy Ory said the latest funding round came together quickly — “in a matter of weeks” — after the startup cleared a series of technical challenges that spurred investors to approach him.
SoftBank Group Corp. Chief Executive Officer Masayoshi Son acknowledged that his company’s partnership with Mohammed Bin Salman’s Public Investment Fund has failed to fully deliver for the Saudi prince.
For SoftBank Group Corp. investors looking for the stock to climb back to all-time highs on a revival of the artificial intelligence boom, DeepSeek poses a major hurdle.
Three weeks after unveiling a massive data-center project with OpenAI that could run to half a trillion dollars, global tech investor SoftBank Group didn’t have many answers about the details of one
Japan's SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of e-commerce platform Coupang and other tech companies held by its Vision Fund investment arm.
By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a surprising net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.
SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund’s public holdings, boding ill for founder Masayoshi Son who has to raise $500 billion for the Stargate artificial-intelligence project.
Key Takeaways Masayoshi Son, founder and CEO of Japanese multinational investment company SoftBank Group,has an estimated net worth of $17 billion, according to Bloomberg. Son has a 29% stake in Softbank.
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