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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 […]

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 […]