Japan's SoftBank is reportedly planning to invest nearly $9 billion in artificial intelligence (AI). The tech company's outlay for investments and commitments has more than doubled to $8.9 billion in
One of the UK's leading semiconductor manufacturers has hinted that it could be nearing a deal with Softbank after it began restructuring its balance sheet. SoftBank, the Japanese tech investor, is sa
PALO ALTO, Calif.--(BUSINESS WIRE)--SambaNova Systems, makers of the fastest models and most efficient chips, embedded within a full-stack AI platform, announces the appointment of Lip-Bu Tan, a semic
In a noteworthy display of confidence in Nu Holdings Ltd (NYSE:NU), both SoftBank Group and the Saudi Arabia sovereign wealth fund made strategic moves in the first quarter of 2024. While SoftBank Gro
Dealing with irate customers can be extremely stressful for call centre workers but Japan's SoftBank Corp thinks it has a solution: artificial intelligence-enabled software that softens the tone of cu
Neil Shah, research vice president of Counterpoint Research, discusses SoftBank's quarterly results.
Atul Goyal, managing director at Jefferies, discusses SoftBank's results.
SoftBank Group Corp. announced plans to get more aggressive in artificial intelligence and other fields after the Japanese technology-conglomerate posted better-than-expected profit for the second q
SoftBank says it has almost entirely pulled out of Alibaba Group Holding Ltd (NYSE: BABA). Shares of the Chinese tech titan are still up some 4.0% on Monday.
Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can
Japanese investment conglomerate and owner of British semiconductor giant Arm Holdings PLC (NASDAQ:ARM) posted its second sequential quarterly profit, but remained a loss-maker on a yearly basis. Acco
The Japanese investment company said its net asset value nearly doubled thanks to the rising share price of its U.K. chip-design unit, Arm.
SoftBank posted a 7.24 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended March.

SoftBank swings to Q4 profit of $2.1 bln

02:16am, Monday, 13'th May 2024
Japanese technology giant SoftBank Group swung to a quarterly profit on Monday, reporting a net profit of 328.9 billion yen ($2.11 billion) for the January-March period.
The U.K.-based chip designer, in which SoftBank has a 90% stake, will set up an AI chip unit to build a prototype by spring 2025, according to the report.
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