The Business Times

SoftBank

Telcos, Media & Tech

SoftBank’s US$5.8 billion Nvidia stake sale stirs fresh AI bubble fears

SoftBank had a net profit of 1.18 trillion yen in the same period a year earlier.
Startups & Tech

SoftBank Q2 profit more than doubles to 2.5 trillion yen on OpenAI gains

Marvell designs and develops semiconductor chips and related technologies for data centres, the massive server hubs that power cloud computing and AI.
Telcos, Media & Tech

SoftBank said to have weighed potential takeover of Marvell

An earnings call on Wednesday marked the launch of SoftBank and OpenAI's local joint venture, SB OAI Japan.
Global Enterprise

SoftBank chases actual revenue with OpenAI in corporate Japan

Son is also seeking to team up with Taiwan Semiconductor Manufacturing Company for a trillion-dollar industrial complex in Arizona for AI and robots.
Global Enterprise

Masayoshi Son becomes Japan’s richest with US$55 billion fortune

Lenskart plans to raise 21.5 billion rupees by selling new shares, and existing investors will be selling as many as 127.6 million shares, according to the ad.
Consumer & Healthcare

SoftBank-backed Lenskart IPO to raise as much as 72.8 billion rupees

Valued at US$2.77 billion at the end of 2020, a filing published last year revealed Graphcore needed more cash to break even.
Telcos, Media & Tech

SoftBank’s Graphcore plans £1 billion chip investment in India

ABB expects the deal with Softbank to close in mid- to late 2026.
Telcos, Media & Tech

SoftBank to buy ABB’s robotics business in US$5.4 billion deal

OpenAI and partners plan to use debt financing to lease chips for the Stargate project, according to sources.
Global Enterprise

OpenAI, Oracle, SoftBank plan five new AI data centres for US$500 billion Stargate project

SoftBank is also plotting a capital-intensive infrastructure strategy centred on its crown jewel, chip designer Arm.
Companies & Markets

SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say

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