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SoftBank Swings to a Loss Ahead of Big AI Bet With OpenAI

SoftBank Group Corp. tumbled to a loss in the December quarter, weighed down by a drop in the value of the Vision Fund’s public holdings, just as Masayoshi Son campaigns to raise $500 billion for the Stargate artificial-intelligence project.

news.crunchbase · 1d

SoftBank Vision Fund Hit With More Losses

SoftBank reported a net loss of nearly $2.4 billion for its fiscal third quarter, with another quarter in the red for its once-heralded Vision Fund unit. The Vision Fund unit, famed for its investment in startups including Uber and DoorDash,

Hosted on MSN · 1d

SoftBank books surprise loss of $2.4 billion in third quarter

The result will further raise questions about how SoftBank will fund one of its most ambitious undertakings - a hefty investment in OpenAI.Cash and cash equivalents dropped to 4.7 trillion yen ($30.6 billion) as of end-December from 6.

Bisnow3d

OpenAI Securing $40B In New SoftBank Funding, Scouting 16 States For Stargate Projects

SoftBank's latest investment of OpenAI values the company at $260B as its data center joint venture considers sites in 16 ...

10don MSN

SoftBank joins with OpenAI in yearly $3B venture to expand AI in Japan

SoftBank inked a $3 billion deal with OpenAI in a joint venture to market OpenAI tech in Japan with its newly-minuted ...

Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say

Part of the funding is expected to be used for Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by ...

10d

Why SoftBank’s massive investment in OpenAI is exciting for ChatGPT

SoftBank will invest multiple billions of dollars in OpenAI's ChatGPT tech, which is great news for AI hardware development ...

11don MSN

SoftBank and OpenAI set up joint company to push artificial intelligence services

Japanese technology giant SoftBank Group and OpenAI are stepping up their partnership in artificial intelligence, setting up ...

Business Insider on MSN13d

OpenAI could be worth as much as TikTok owner Bytedance with SoftBank's latest investment

SoftBank's investment in OpenAI may position the company as the world's joint-second most valuable private tech firm after ...

11d

SoftBank, OpenAI unveil Japan AI joint venture

SoftBank Group CEO Masayoshi Son on Monday said he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan ...

OpenAI partners with Korea’s Kakao after inking SoftBank Japanese JV

On the heels of Chinese AI firm DeepSeek making a huge splash in OpenAI's American backyard, OpenAI is expanding in Asia, ...

SoftBank’s $300 Billion OpenAI Valuation Underscores AI’s Unprecedented Market Opportunity—Rezolve Ai Positioned to Capture a Major Share

The SoftBank-OpenAI deal is another milestone that underscores the AI sector’s extraordinary value and potential. As companies race to harness AI’s power, Rezolve Ai remains a critical player in ...

Datacenter Dynamics8d

SoftBank Group and OpenAI team up for enterprise AI offering

SoftBank Group and OpenAI are teaming up to develop and sell an "advanced enterprise AI" dubbed Cristal intelligence, which will also be used by SoftBank across its companies. Cristal ...

13hon MSN

Musk-led group offer for OpenAI is all-cash, letter of intent reveals

The unsolicited $97.4B bid by an Elon Musk-led group for the non-profit entity that controls generative artificial intelligence darling OpenAI will be entirely made up of cash, according to the letter ...

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