Arm Holdings CEO Rene Haas discusses SoftBank Corp.'s developments as it looks to lead the A.I. data center race on 'The Claman Countdown.
SoftBank Group stock rose on Thursday after a report said the Japanese investor had revived talks for a $10 billion loan backed by its OpenAI stake. The development gave markets another reason to bet on Masayoshi Son's artificial intelligence push.
SoftBank's LY Corp and Bain Capital have raised their bid for Kakaku.com again, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening their lead over a rival offer from Sweden's EQT.
Asian technology stocks fell sharply on Friday, as SoftBank Group tumbled more than 12% and chip-heavy markets from Tokyo to Seoul came under fresh pressure. The selloff followed a fourth straight decline on the Nasdaq, where Apple sank 6.1% after announcing price increases for iPads and MacBooks to offset surging memory and storage chip costs.
SoftBank Group plunged 11%, leading a broad selloff in Asian technology stocks. The weakness also spilled into Asia's semiconductor sector.
SoftBank founder and CEO Masayoshi Son told shareholders on Wednesday that artificial intelligence is still in its early stages and any talk of a bubble is "an insult to AI".
Masayoshi Son wants to bring SoftBank's net asset value to $6.189 trillion in the next decade.
Masayoshi Son, the founder of SoftBank, has challenged the idea of space-based AI data centers. Son said this week that the potential benefits don't outweigh the costs of operating them.
Coowa's valuation stood at more than $3 billion after it raised more than $600 million in its latest funding round, people familiar with the matter said.
SoftBank Group has launched an artificial intelligence-powered cybersecurity solution that it will offer to companies in Japan that support the country's critical infrastructure.
Japan's SoftBank Group has launched a cybersecurity product designed to counter breaches enabled by artificial intelligence, the company said on Tuesday.
The chief financial officer of SoftBank Group's Vision Fund investing arm, Navneet Govil, is leaving the company after a decade there, according to an internal memo reviewed by Reuters.