Masayoshi Son

SoftBank Group (OTC:SFTBF) (OTC:SFTBY) has made a significant financial turnaround, reporting a profit of $7.8 billion in its latest quarter, largely attributed to successful Indian IPOs and improved tech valuations. What Happened: The Japanese conglomerate’s profit in the quarter ending...

Arm Holdings PLC (NASDAQ:ARM) is certainly no slouch in the semiconductor space. The Cambridge, England-based firm is flexing its muscles, climbing an impressive 100.58% year-to-date and a massive 158.59% over the past year. But before we get too dazzled by the AI-chip dreams of SoftBank's CEO...

Masayoshi Son, CEO of SoftBank Group (OTC:SFTBF) (OTC:SFTBY), has forecasted the advent of artificial superintelligence within the next ten years. This revelation was shared during the SoftBank World 2024 conference. What Happened: Son, Japan’s second wealthiest individual, commended OpenAI...

Masayoshi Son-led SoftBank Group Corporation (OTC:SFTBF) has reportedly re-committed to a $500 million investment in ChatGPT-parent OpenAI. What Happened: This investment forms part of a larger $6.5 billion funding round, catapulting OpenAI’s valuation to a staggering $150 billion,...

In a recent development, SoftBank Group Corp. (OTC:SFTBY) has hit a snag in its plans to produce an artificial intelligence (AI) chip that could rival Nvidia Corp. (NASDAQ:NVDA). The Japanese conglomerate’s negotiations with Intel Corp. (NASDAQ:INTC) have reportedly collapsed due to Intel...

Masayoshi Son-led SoftBank announced a share buyback initiative amid its first-quarter earnings report. The company plans to repurchase up to 6.8% of its shares, amounting to 500 billion yen ($3.4 billion). What Happened: The share buyback announcement follows pressure from shareholders, concerned...

The artificial intelligence company Skild AI has secured a substantial $300 million in Series A funding. This investment round was led by Amazon.com Inc. founder Jeff Bezos and SoftBank Group (OTC:SFTBY) (OTC:SFTBF), led by Masayoshi Son, among others, and is aimed at developing a “general-...

SoftBank Group Corp (OTCPK: SFTBF) (OTCPK: SFTBY) hit a 24-year high of 11,190.00 Japanese yen per share. This broke the earlier intraday record high of 11,000 yen made on Feb. 15, 2000. SoftBank stock’s surge is attributable to strategic moves in AI and a strong performance by its chip-...

Masayoshi Son‘s SoftBank Group (OTC:SFTBY) is reportedly in talks with banks to secure loans for energy-related projects. The projects are estimated to be worth up to $10 billion. What Happened: A person with direct knowledge of the matter said that the group could raise the required capital...

Japanese multinational conglomerate SoftBank Group Corp. (OTC:SFTBY) has announced its intention to issue bonds worth approximately $1.86 billion. The proceeds will be directed towards the repayment of existing debt and a strategic shift towards artificial intelligence (AI) investments. What...

Masayoshi Son-led SoftBank Group Corp. (OTC:SFTBY) (OTC:SFTBF) is set to invest in the Amazon.com Inc. founder Jeff Bezos-backed artificial intelligence startup Perplexity AI at a valuation of $3 billion, in a bid to bolster its AI portfolio. What Happened: SoftBank’s Vision Fund 2 is...

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) CEO Masayoshi Son has reportedly seen a significant drop in shareholder support for his reappointment, falling from 95.93% to 79.22% in a year. This follows a recommendation by proxy advisor Institutional Shareholder Services (ISS) against his...

In a recent shareholder meeting, Masayoshi Son, the founder of SoftBank Group (OTC:SFTBF) (OTC:SFTBY), expressed regret over the decision to sell the company’s stake in NVIDIA Corp (NASDAQ:NVDA). This move resulted in SoftBank missing out on a potential $157 billion windfall, based on the...

In a recent announcement, SoftBank Group Corp. (OTC:SFTBY) founder, Masayoshi Son, revealed his intent to make a significant investment in artificial intelligence (AI). What Happened: Son’s announcement suggests that SoftBank is on the verge of a substantial AI investment. While acknowledging...

In a strategic move to bolster its U.S. presence, SoftBank-backed global business travel management platform, TravelPerk, has acquired American industry leader AmTrav. What Happened: According to a press release by TravelPerk on Tuesday, the Barcelona-based firm has bought Chicago-based AmTrav, a...