SoftBank Corp. Unsponsored ADR (SOBKY)
SoftBank secures $40 billion loan to fund further OpenAI investment
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 downgraded by Jefferies on rising risks tied to OpenAI investment
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.
SoftBank's PayPay plans to price IPO around low end of range, sources say
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 seeks up to $40 billion loan to finance OpenAI investment, Bloomberg News reports
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.
SoftBank Group's PayPay Targets $13.4 Billion Valuation in U.S. IPO
SoftBank Group's payments app operator, PayPay's U.S. initial public offering could bolster the Japanese technology investor's coffers as it pours billions into artificial intelligence.
SoftBank-Backed Wayve Raises $1.2 Billion From Microsoft, Nvidia, Automakers
Wayve said the round, led by venture capital firms Eclipse Capital, Balderton Capital and a SoftBank Group fund, pushes its post-money valuation to $8.6 billion.
SoftBank to spend an eye-popping $33B to build huge U.S. gas power plant
SoftBank subsidiary SB Energy is expected to build a massive 9.2 gigawatt natural gas-fired power plant on the Ohio-Kentucky border, according to a report from Bloomberg. If completed, it would be the largest power plant in the U.S., capable of powering around 7.5 million homes.
SoftBank says it made $4.2 billion from its OpenAI investment in the last quarter
SoftBank, the Japanese tech investor that has aggressively spent pursuing what it calls “artificial super intelligence,” said its recorded a $4.2 billion gain in the last quarter on its 11% stake in OpenAI.
SoftBank Group Posts Quarterly Profit on Tech Funds Gains
The Japanese technology investment company on Thursday posted a net profit of 248.59 billion yen, equivalent to $1.62 billion, for the three months ended December.
SoftBank Vision Fund books $2.4 billion quarterly gain boosted by OpenAI bet
With the Vision Fund, SoftBank has invested in AI companies it believes will be category winners, seeking to position itself at the center of the technology's development. SoftBank posted a $2.4 billion gain at its Vision Fund.
SoftBank earnings set for OpenAI boost, with focus on future funding
Japan's SoftBank Group is expected to post a healthy profit on its investment in OpenAI when it reports quarterly results on Thursday, as the market focuses on how it will fund its artificial intelligence spending spree.
SoftBank shares surge 10% after telecom unit lifts outlook, Arm strength bolsters AI narrative
Shares of SoftBank Group Corp jumped after its telecom arm raised its full-year profit outlook. Renewed optimism around Arm Holdings added to bullish sentiment toward the group's AI exposure.
