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SoftBank Reports $2.4 Billion Loss as Vision Fund Investments Turn Sour

SoftBank Group Corp. has reported a surprising net loss of 369.17 billion yen ($2.4 billion) for the third quarter of fiscal year 2024, driven by a downturn in its Vision Fund investments. The results, which fell short of analyst expectations, have raised concerns about the Japanese technology investor’s financial health and its ambitious plans in […]

Elon Musk and Investors Bid $97.4 Billion for Control of OpenAI

In a groundbreaking move, Elon Musk and a consortium of investors have offered $97.4 billion to acquire control of OpenAI, according to a report by The Wall Street Journal. The bid, which values the artificial intelligence research company at an unprecedented level, underscores the growing importance of AI in shaping the future of technology and industry. […]

SoftBank Plans $40 Billion Investment in OpenAI, Valuing AI Leader at $260 Billion

SoftBank Group, under the leadership of CEO Masayoshi Son, is reportedly preparing to invest $40 billion in artificial intelligence pioneer OpenAI, valuing the company at $260 billion. This move would position SoftBank as OpenAI’s largest investor, surpassing Microsoft’s previous investments totaling over $13 billion.   The investment is part of a broader collaboration between SoftBank […]