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Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments. The report ...
Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments after Trump's victory in 2016. Son, a founder and CEO of SoftBank Group, is known for making bold choices that sometimes pay big and sometimes don't.
The investment branch of the Japanese telecom company, SoftBank Corp., [7] the SoftBank Capital firm was established and initially led by four partners: Ron Fisher, Eric Hippeau, Steve Murray, and Michael Perlis. The company is a member of National Venture Capital Association. [citation needed]
The SoftBank Vision Fund is a venture capital fund founded in 2017. It is managed by SoftBank Investment Advisers, a subsidiary of the SoftBank Group. With over $100 billion in capital, it is the world's largest technology-focused investment fund. [2] In 2019, SoftBank Vision Fund 2 was founded. [3] [4]
The Wall Street Journal reported earlier on Thursday that OpenAI was in talks with SoftBank for an investment round to raise nearly $40 billion that would value the AI startup at up to $340 billion.
President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward computing infrastructure that will power artificial ...
In April 2023, it was known that Masayoshi Son's SoftBank Group would sell its early-stage venture capital arm SoftBank Ventures Asia to Singapore-based The Edgeof, a newly formed investment firm led by Son's youngest brother, Taizo Son, as SoftBank Group grappled with steep losses in a myriad of investments made around the world. [207]
President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years. Trump announced the ...