SoftBank Group Corp. (SFTBY)
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SoftBank CEO Vows Aggressive AI Push—Calls Past Investments Mere ‘Warm Up'
SoftBank founder and CEO Masayoshi Son on Friday told shareholders he and the company are on a mission to usher in an age of artificial superintelligence, dismissing the firm's past investments as a mere “warm up” and hinting the firm is ready to go on the offensive with ambitious bets and capitalize on the AI boom.
SoftBank CEO says AI that is 10,000 times smarter than humans will come out in 10 years
Artificial intelligence that is 10,000 times smarter than humans will be here in 10 years, SoftBank CEO Masayoshi Son said on Friday in a rare public appearance. Son laid out his vision for a world featuring artificial super intelligence, or ASI, as he dubbed it.
SoftBank CEO talks up firm's AI ambitions
SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000.
SoftBank's Son: will ramp up US power business for generative AI
Japan's SoftBank Group will ramp up its power generation business primarily in the United States to supply power to generative artificial intelligence projects worldwide, founder Masayoshi Son said on Thursday.
SoftBank-backed travel tech firm TravelPerk acquires U.S. rival and bags $135 million for expansion
TravelPerk, a European corporate travel booking platform, told CNBC it has acquired Chicago-based startup AmTrav to help further its expansion in the U.S. market. To help fund the deal and TravelPerk's broader expansion efforts, the company raised $135 million in debt financing from private equity firms Blackstone and Blue Owl.
SoftBank ties up with Perplexity
After announcing a strategic partnership with SoftBank in April, Perplexity — the AI search engine that has ambitions to take on Google — is now using the deal to expand its user base, and data touchpoints, in SoftBank's home market. SoftBank and two of its mobile operations, Y!mobile (SoftBank's mobile phone operator) and LINEMO (SoftBank's affordable mobile network carrier), plan to offer free, one-year subscriptions to Perplexity's premium tier, Perplexity Pro, starting June 19.
SoftBank-backed online bank Inter bets on Brazilians in Florida
SoftBank-backed Brazilian online lender Inter & Co is hoping to replicate its home market success in the United States, where it is targeting visitors from Latin America's largest country in two of Florida's biggest cities, the firm's chief executive said.
SoftBank Shares Spike as Activist Elliott Take Stake
Shares of the Japanese holding company are trading sharply higher on news that activist investment firm Elliott Management has acquired a position.
Elliott builds $2 billion position in SoftBank, pushes for buyback
U.S. investment firm Elliott has a $2 billion position in SoftBank and is pushing the Japanese conglomerate to initiate a $15 billion share buyback program. It is the second time that Elliott has built a position in the company, and comes as SoftBank is enjoying success with its majority-owned chip design firm Arm.
SoftBank shares jump up to 6.3% on report that Elliott Management's pushing for $15 billion in buybacks
SoftBank Group shares rose as much as 6.3% on Wednesday following a Financial Times report that Elliott Management has rebuilt a significant stake and was pushing for share buybacks worth $15 billion. SoftBank shares hit a high of 9,572 Japanese yen on Wednesday, 6.32% higher than its Tuesday closing price of 9,003 yen, according to LSEG.
Elliott rebuilds stake in SoftBank and pushes for $15 bln buyback, FT reports
Elliott Management has rebuilt a stake worth over $2 billion in SoftBank Group and is pushing the Japanese tech conglomerate to launch a $15 billion share buyback, the Financial Times reported on Wednesday.
SoftBank Plans to Commit $9 Billion to AI Projects
Japan's SoftBank is reportedly planning to invest nearly $9 billion in artificial intelligence (AI). The tech company's outlay for investments and commitments has more than doubled to $8.9 billion in the 12 months since its CEO said the company was ready to go on the “counteroffensive,” the Financial Times (FT) reported Sunday (May 26).
