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Tag: SoftBank

Japanese SoftBank to invest $500m in OpenAI's latest funding round
News

Japanese SoftBank to invest $500m in OpenAI’s latest funding round

Japanese telecom giant SoftBank’s Vision Fund is set to invest $500 million in OpenAI’s latest funding round, according to a report by The Information on Monday. This investment marks SoftBank’s first involvement with the artificial intelligence firm led by Sam Altman, signaling a significant move in the rapidly growing AI sector. Earlier this month, it […]

Apple, Samsung to invest in Softbank's chip firm Arm
Tech

Apple, Samsung to invest in SoftBank’s chip firm Arm

Apple and Samsung Electronics have expressed their interest in investing in SoftBank Group-owned chip designer Arm at its upcoming initial public offering, which is expected in September, as reported by Japan’s Nikkei newspaper. Reuters previously reported that Arm was in discussions with several companies, including Apple, Samsung, and Intel, to secure anchor investors for its […]

Business

SoftBank shares rise after Alibaba split

SoftBank Group Corp’s shares rose on Wednesday after Alibaba Group announced a major restructuring plan. SoftBank has a 13.7% stake in Alibaba. Reuters reported that SoftBank’s shares increased by 5.6% in the afternoon trade, the biggest gain in five months. Meanwhile, Alibaba’s shares went up by 13.2%. AMBusiness reported on Tuesday that Alibaba plans to […]