Softbank's Vision Fund business posted a loss in the fiscal year ended March as it posted slowing gains at its massive tech investment arm.
It's been three months since SoftBank's Masayoshi Son and OpenAI co-founder Sam Altman promised during a White House briefing to swiftly deploy $100 billion, and raise that figure to $500 billion over the next four years.
SoftBank's lofty artificial intelligence ambitions are reportedly colliding with the harsh reality of tariffs. The Japanese conglomerate's plan to invest $100 billion in AI infrastructure in the United States has slowed, Bloomberg reported Monday (May 12), as risks related to White House tariffs have hindered financing discussions.
Japanese technology investor SoftBank Group is expected to book a quarterly net loss of 26.9 billion yen ($184.4 million) on Tuesday as early-stage tech startups fell out of favour and losses widened at major portfolio firms.
SoftBank Corp. (OTCPK:SOBKY) Q4 2024 Earnings Conference Call May 8, 2025 3:00 AM ET Company Participants Junichi Miyakawa - President & CEO Jun Shimba - COO Kazuhiko Fujihara - CFO Conference Call Participants Tomohisa Yamashita - Fuji Television Nancy Matsumoto - Business Insider Satoru Kikuchi - SMBC Nikko Securities Daisaku Masuno - Nomura Securities Kazuki Tokunaga - Daiwa Securities Operator Thank you very much for waiting. We will now begin SoftBank Corporation Earnings Results Presentation for the Fiscal Year-Ended March 31, 2025.
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of brokerage Cantor Fitzgerald, is partnering with SoftBank , Tether and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle, the Financial Times reported on Tuesday.
Japanese technology investment group SoftBank Group plans to raise 600 billion yen ($4.10 billion) by issuing bonds to retail investors, it said in a filing on Monday.
Amir Anvarzadeh, market strategist at Asymmetric Advisors, discusses OpenAI's $40 billion funding round and the outlook for Japanese stocks.
Sam Altman's OpenAI has raised $40 billion in a funding round led by investment giant SoftBank as it looks to stave off competition like Elon Musk's xAI and China-based DeepSeek.
SoftBank is reportedly seeking up to $16.5 in financing for the so-called “Stargate” AI project. This bridge loan would be the Japanese conglomerate's largest ever facility denominated in dollars, Bloomberg News reported Tuesday (April 1), citing sources familiar with the matter.
Microsoft will get a boost to the value of its stake in ChatGPT-maker but there are complicated negotiations to come over OpenAI's transition to a for-profit company.
SoftBank Group has agreed to lead a funding of up to $40 billion in a for-profit subsidiary of OpenAI, valuing the ChatGPT maker at $300 billion.