Tag:

Softbank

SoftBank posts $12 billion profit on OpenAI gains

SoftBank Group reported a net profit of 1.9 trillion yen ($12.05 billion) for the January–March quarter on Wednesday, marking a sharp increase from 517 billion yen in the same period a year earlier.

13 May 2026-10:56
SoftBank’s OpenAI bet boosts profits but raises debt fears

Japanese tech investor SoftBank Group is expected to post another strong quarterly profit this week as its aggressive investment in OpenAI continues to fuel gains. But the company’s growing debt burden is drawing increasing attention from analysts and credit agencies.

12 May 2026-09:20
SoftBank plans potential AI server project with Nvidia and Foxconn

SoftBank Corp (9434.T) has started talks with U.S. chip leader Nvidia and Taiwanese manufacturer Foxconn as it considers developing "made-in-Japan" artificial intelligence servers, the Nikkei reported Friday.

07 May 2026-22:59
OpenAI shortfall pressures SoftBank and Oracle shares

Shares of major partners linked to OpenAI came under pressure on Tuesday after a report indicated the company recently missed targets for sales and user growth, raising concerns about broader expectations in the artificial intelligence sector ahead of earnings.

28 Apr 2026-14:30
Arm CEO Haas eyed for bigger SoftBank role

Rene Haas, the chief executive of Arm Holdings, is expected to take on a broader leadership role within parent company SoftBank Group.

09 Apr 2026-14:05
OpenAI raises $122B in funding at $852B valuation

Generative AI giant OpenAI has announced another hefty capital injection, having secured $122 billion in a funding round from investors including Amazon, Nvidia, SoftBank and Andreessen Horowitz.

01 Apr 2026-21:38
Arm reveals new AI chip, expects billions in annual revenue

Arm Holdings unveiled a new artificial intelligence data center chip on Tuesday, stating that it will generate billions of dollars in revenue and mark a significant shift in the company's strategy.

25 Mar 2026-21:21
OpenAI to nearly double workforce to 8,000 by 2026

Artificial intelligence company OpenAI is planning a major expansion, aiming to grow its workforce from 4,500 to 8,000 by the end of 2026.

21 Mar 2026-18:56
SoftBank-backed PayPay set for Nasdaq debut

Japanese digital payments company PayPay, backed by SoftBank Group, is set to begin trading on the Nasdaq after raising about $880 million in its U.S. initial public offering (IPO).

12 Mar 2026-14:59
OpenAI hits $730B valuation as Amazon, NVIDIA, and SoftBank inject $110B

OpenAI announced Friday a $110 billion investment round at a $730 billion pre-money valuation, with SoftBank Group Corp contributing $30 billion, NVIDIA (NASDAQ:NVDA) investing $30 billion, and Amazon (NASDAQ:AMZN) committing $50 billion.

27 Feb 2026-21:18