SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages.
Buzzy social media startup IRL launched in Apr. 2021 and was seemingly "one of the fastest growing social media apps for Generation Z," the complaint alleges.
AI may have found a center of gravity in the Bay Area, but we're seeing a lot of activity elsewhere among those who believe that there is a market opportunity ensuring that the pace of innovation does
Japan's SoftBank Corp , the domestic telecoms arm of SoftBank Group , posted a 2.1% increase in first quarter operating profit on Friday.
CNBC's Deirdre Bosa reports on news from SoftBank-backed Arm.
British chip designer Arm Holdings, whose semiconductors are found in over 90% of the world's smartphones, has restated its US$70 billion initial public offering target when it returns to the public m
Arm Ltd, SoftBank Group Corp's semiconductor unit, is targeting an initial public offering at a valuation of between $60 billion and $70 billion as soon as September, Bloomberg News reported on Wednes
Two companies are teaming up to revolutionize the supply-chain world through artificial intelligence (AI). Specifically, SoftBank (OTCMKTS: SFTBY ) just announced today that it has joined forces with
When it comes to retail, it's Amazon versus the world. That's been true for a long time and will continue to be so for the foreseeable future.
SoftBank Group is partnering with Symbotic for a warehousing venture that will be majority owned by the Japanese investor and will buy $7.5 billion of the U.S. firm's artificial intelligence-powered s
Softbank-backed Neumora Therapeutics' experimental drug navacaprant has helped reduce symptoms of depression in patients with moderate-to-severe forms of the disorder in a mid-stage trial, the company
SoftBank Group has resumed investment in new AI companies, investing $65 million in British firm Tractable, an insurance technology company that uses AI to assess insurance claims in photos, the Nikke
Prospective investors are negotiating over Arm's value. Nvidia is arguing that it should be $35 billion to $40 billion, while Arm sees it closer to $80 billion, the FT said.
SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son's sprawling tech con
CNBC's Deirdre Bosa reports on the funding environment for startups and venture capitalists.
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