SoftBank Just Supercharged Cipher Mining's Pivot Beyond Crypto
Cipher Mining Inc. received a $50 million investment from SoftBank, boosting its expansion into high-performance computing (HPC) data centers and increasing its stock by 22%. Despite a -20.97x P/E ratio, CIFR's 63.47% jump in adjusted operating earnings signals rapid transformation, attracting growth investors' attention. The balance sheet shows CIFR's financial prudence with $25 million cash against $23 million debt, and low power costs, ensuring resilience against Bitcoin price drops.
SoftBank and OpenAI set up joint company to push artificial intelligence services
Japanese technology giant SoftBank Group and OpenAI stepped up their AI partnership Monday, setting up a 50-50 held company called SB OpenAI Japan.
SoftBank and OpenAI agree reported $3bn tie-up
Tech investor SoftBank has agreed to spend a reported $3 billion annually to use OpenAI's technology across its businesses. According to US media, the two companies have also launched a joint venture, SB OpenAI Japan, which will market OpenAI's enterprise tools exclusively to major Japanese firms.
SoftBank commits to joint venture with OpenAI, will spend $3 billion per year on OpenAI's tech
SoftBank has committed to spending $3 billion per year for itself and its subsidiaries to use OpenAI's tech, according to a joint announcement on Monday. The two also announced a new joint venture, billed as "SB OpenAI Japan," which will market OpenAI's enterprise tech exclusively to major companies in Japan.
SoftBank, OpenAI set up AI Japan joint venture
SoftBank Group CEO Masayoshi Son said on Monday he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to offer artificial intelligence services to customers.
Cipher Mining Stock Climbs on SoftBank Investment. Analysts Say It's ‘Sign of Things to Come.
Cipher Mining unveils a $50 million investment to support the development of data centers.
Japan PM to meet OpenAI and SoftBank CEOs on Monday, Japanese govt says
Japanese Prime Minister Shigeru Ishiba will hold talks with OpenAI CEO Sam Altman and SoftBank Group CEO Masayoshi Son on Monday, the Japanese government said on Friday.
SoftBank in Talks to Invest Up to $25 Billion in OpenAI
A new investment from the Japanese conglomerate would be separate from the $100 billion tied to a project announced at the White House last week.
SoftBank reportedly in talks to invest up to $25B in OpenAI
Japanese investment group SoftBank is reportedly in talks to invest up to $25 billion in OpenAI, the AI startup behind ChatGPT. Per a Financial Times report, SoftBank is considering investing between $15 billion and $25 billion in OpenAI.
SoftBank to invest as much as $25B into OpenAI to become firm's largest backer: report
The Japanese tech firm's investment would make it OpenAI's largest backer, replacing Microsoft.
SoftBank eyes $15-25 bn investment in OpenAI: FT
Japan's SoftBank is in talks to invest $15-25 billion in OpenAI in a deal that would make it the ChatGPT-maker's biggest financial backer, the Financial Times reported on Thursday.
To some, OpenAI is a DeepSeek victim. But SoftBank may be more upbeat than ever.
SoftBank reportedly is in talks to invest up to $25 billion in OpenAI and become the ChatGPT creator's largest investor.
