SoftBank Corp. Unsponsored ADR (SOBKY)
SoftBank posts surprise loss as Vision Fund investments struggle
SoftBank unexpectedly reported a quarterly loss after its Vision Fund investments fell into the red. The company recorded a net loss of $2.5 billion, missing analyst expectations of a $2 billion profit.
SoftBank posts surprise loss in third quarter, revenue also misses estimates
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.
SoftBank posts third-quarter loss of $2.4 billion
Japanese technology investor SoftBank Group booked a net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.
Elon Musk is 'throwing sand in the gears' of SoftBank's investment in OpenAI, says Niki Christoff
Niki Christoff, Christoff & Co. CEO, joins 'Squawk Box' to discuss Elon Musk-led group's $97.4 billion bid for OpenAI, whether likely the bid will be evaluated, what Elon Musk's motivations are behind the bid, and more.
SoftBank Corp. (SOBKY) Q3 2025 Earnings Call Transcript
SoftBank Corp. (OTCPK:SOBKY) Q3 2025 Results Conference Call February 10, 2025 4:00 AM ET Company Participants Junichi Miyakawa - President and CEO Kazuhiko Fujihara - Director, EVP and CFO Conference Call Participants Daisaku Masuno - Nomura Securities Satoru Kikuchi - SMBC Nikko Securities Kazuki Tokunaga - Daiwa Securities Unidentified Company Representative Thank you very much for waiting. We would like to begin SoftBank Corporation earnings results presentation for the 9 months ended December 31, 2024.
OpenAI nearing close of $40B investment from SoftBank: reports
OpenAI is finalizing a $40 billion investment from SoftBank at a $260 billion pre-money valuation, according to a CNBC report. This would make Softbank the largest investor in the firm behind the AI chatbot ChatGPT, surpassing Microsoft as its top backer.
OpenAI and SoftBank Partner on Enterprise AI Solutions in Japan
OpenAI and the SoftBank Group agreed to establish a joint venture company that will market enterprise artificial intelligence solutions to major companies in Japan. The joint venture, SB OpenAI Japan, will market enterprise AI called “Cristal intelligence,” which will be developed and marketed by the two companies, according to a Monday (Feb. 3) press release.
OpenAI, SoftBank Form Joint Venture for AI Services
OpenAI has formed a joint venture with SoftBank Group to expand artificial intelligence (AI) services for businesses globally, starting with those in Japan.
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.
