Tech companies are racing to build out infrastructure that can further drive the automation boom. Now, Japanese multinational SoftBank reportedly plans to create a new company designed to automate the creation of that infrastructure.
Roze AI plans to focus on AI and robotics, an area CEO Masayoshi Son sees as the ‘next frontier' for SoftBank.
SoftBank Group is seeking to raise as much as $10 billion through a margin loan backed by its shares in OpenAI, according to Bloomberg News. The development comes as Masayoshi Son's group leans further on debt to finance its artificial intelligence push.
SoftBank Group is seeking a $10 billion loan secured by its shares in ChatGPT maker OpenAI, Bloomberg News reported on Wednesday, citing sources.
SoftBank Group Corp. raised about $3.5 billion through a dual-currency bond offering, as the Japanese investment firm moves to refinance debt and partly repay a bridge loan tied to investments in OpenAI. The company secured $1.5 billion via dollar-denominated bonds and 1.75 billion euros ($2.06 billion) through euro-denominated notes, as stated in a filing on Thursday The fundraising comes at a time when global debt markets are showing signs of recovery.
Rene Haas is set to oversee much of SoftBank Group's international business while remaining chief executive of Arm, according to the Financial Times, citing people familiar with the matter. The move would give Haas a far broader operating brief as founder Masayoshi Son accelerates the Japanese group's push into artificial intelligence and advanced chips.
ERIC deepens SoftBank partnership with a long-term deal to deploy cloud-native 5G Core, boosting Japan???s 5G shift and telecom network performance.
SoftBank has taken on a new $40 billion loan to help it cover its $30 billion commitment to invest in OpenAI as part the AI model maker's record-breaking $110 billion raise last month, the Japanese conglomerate said on Friday.
SoftBank Group said on Friday it has secured a $40 billion loan through a bridge facility to fund further investments in ChatGPT maker OpenAI.
SoftBank Group was downgraded on Thursday to “Underperform” by Jefferies, which warned that the Japanese technology investor's rapidly expanding financial commitments to OpenAI are raising concerns about valuation integrity. The brokerage warned of growing structural risks tied to SoftBank's concentrated investment exposure and its accelerating funding of the AI company.
The initial public offering (IPO) of SoftBank's PayPay is likely to price around the low end of the marketing range as tensions in the Middle-East roil markets, according to two sources familiar with the matter.
SoftBank is seeking a loan of up to $40 billion, primarily to finance its investment in ChatGPT-maker OpenAI, a Bloomberg News reporter said in an X post on Friday.