SoftBank Corp. Unsponsored ADR (SOBKY)
SoftBank rushes to fund OpenAI as PayPay IPO looms - Reuters
SoftBank Group is racing against the clock to meet its $22.5 billion funding commitment to OpenAI before the year ends, sources told Reuters. To raise the cash, the Japanese conglomerate is reportedly weighing margin loans and selling stakes in marquee holdings like Nvidia and T-Mobile.
Exclusive: SoftBank races to fulfill $22.5 billion funding commitment to OpenAI by year-end, sources say
SoftBank Group is racing to close a $22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap its undrawn margin loans borrowed against its valuable ownership in chip firm Arm Holdings , sources said.
SoftBank leads decline in Japanese tech stocks as worries over AI spending spill over to Asia
SoftBank Group Corp was among the top losers in the benchmark Nikkei 225, falling as much as 7.25%. This comes the tech heavy Nasdaq Composite slipped 1.81% overnight, dragged by losses in Oracle, Broadcom, Nvidia and other AI names.
SoftBank and Nvidia Consider Joining Funding Round for Robotics Firm Skild AI
SoftBank Group and Nvidia are reportedly in talks to participate in a more than $1 billion funding round for Skild AI, a maker of foundation models for robots. The round, which has not been finalized and could change, could nearly triple Skild's valuation from the $4.
Exclusive: SoftBank, Nvidia looking to invest in Skild AI at $14 billion valuation, sources say
Japan's SoftBank Group and Nvidia are in talks to invest in Skild AI, in a more than $1 billion funding round that could value the maker of foundation models for robots at around $14 billion, according to sources and a term sheet seen by Reuters.
SoftBank's Arm plans to set up chip design facility in South Korea
South Korea's industry ministry and SoftBank's chip unit, Arm Holdings, have signed an agreement to strengthen the country's semiconductor and Artificial Intelligence sectors, a presidential policy adviser said on Friday.
Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake
Eutelsat has seen its share price drop after reports SoftBank cut its stake in company. Eutelsat is the owner of the satellite internet provider OneWeb, which it merged with in 2023 in a bid to challenge Starlink's dominance in the market.
SoftBank's Son ‘was crying' about the firm's need to sell its Nvidia stake
Masayoshi Son said SoftBank sold Nvidia only to bankroll new AI bets, including OpenAI and data centers. SoftBank has doubled down on its AI plans this year with a flurry of projects.
SoftBank stays in as Meesho $606M IPO becomes India's first major e-commerce listing
Meesho, an Indian e-commerce rival to Amazon and Walmart-owned Flipkart, is set to launch a roughly $606 million IPO marked by token sell-downs from early backers and no sales from big names such as SoftBank and Prosus, signalling investor conviction in India's booming online retail market at a time when tech shareholders globally have been cashing out at listings.
Peter Thiel's fund joins SoftBank in offloading Nvidia shares
Peter Thiel's hedge fund sold its entire Nvidia stake in the third quarter. The sale followed SoftBank's offloading of Nvidia in Q3, amid concerns of an AI bubble in the market.
First SoftBank, and now Peter Thiel dumps Nvidia position as talk of AI bubble intensifies
A week after Japan's richest man disclosed that his firm fully divested his $5.8 billion stake in Nvidia, one of America's richest, Peter Thiel, has said he's done the same.
Is SoftBank's Nvidia Stake Sale a Strategic Shift? AI ETF Theme Wins
SoftBank pivots from Nvidia to OpenAI, signaling confidence in AI's next wave. ETFs like CHAT, BOTZ & AIQ stand to gain from this strategic shift.
