Masayoshi Son

A series of data breaches at a $20 billion internet company co-owned by Japan’s SoftBank Corp (OTC:SFTBY), and South Korea’s Naver (OTC:NHNCF) is causing diplomatic tensions between the two nations. What Happened: Data leaks from Line Yahoo have led to strained relations between Japan...

Activist investor Elliott Investment Management has taken a bold stance, buying a $2 billion stake in Japanese conglomerate SoftBank Group Corp (OTCPK:SFTBF) (OTCPK:SFTBY) and demanding a $15 billion share buyback, according to the Financial Times. The underlying message? Investors like Elliott...

Elliott Management has reportedly re-established a significant stake in SoftBank (OTC:SFTBY)and is advocating for a $15 billion share buyback. What Happened: The U.S.-based activist fund's position is valued at over $2 billion, the Financial Times reported on Wednesday. Elliott has been in direct...

SoftBank Group Corp (OTC:SFTBY) has reported a quarterly net profit of $1.5 billion, driven by the soaring valuation of Arm Holdings, as it continues to amass funds for its artificial intelligence expansion. What Happened: The Japanese conglomerate’s profits for the quarter ending in March...

Japanese tech giant SoftBank Group Corp (OTC:SFTBY) has announced its plans to invest a significant sum in the development of an advanced artificial intelligence (AI) model, leveraging NVIDIA Corp (NASDAQ:NVDA) chips. What Happened: SoftBank is set to invest a whopping $960 million over the next...

OpenAI co-founder and CEO Sam Altman and Apple design legend Sir Jony Ive, are reportedly seeking $1 billion in funding for a new artificial intelligence (AI) project.  What Happened: Altman and Ive are looking to secure the funding for an undisclosed AI project, reported The Information on Friday...

SoftBank Group Corp. (OTC:SFTBF) founder, Masayoshi Son, is planning to raise $100 billion for a new chip venture targeting the AI market. This venture could potentially pose a challenge to Nvidia Corp. and also comes at a time when OpenAI CEO Sam Altman has set an ambitious $7 trillion AI...

The AI revolution has catapulted graphics card maker Nvidia Corp. (NASDAQ:NVDA) to the top five in the list of the world's largest companies by market capitalization. Nvidia's rise to the top has helped it blow past Big Tech companies like Alphabet Inc.'s Google, Amazon.com Inc., Tesla Inc. and...

OpenAI CEO Sam Altman has denied rumors of working on the "iPhone of AI", something that might come as a relief to Apple Inc. (NASDAQ:AAPL). What Happened: Altman denied reports of working on the "iPhone of AI" with former Apple design legend Sir Jony Ive and SoftBank Group Corp.'s (OTCPK: SFTBF)...

OpenAI's chief Sam Altman, former Apple Inc. (NASDAQ:AAPL) design legend Sir Jony Ive, and SoftBank Group Corp.’s (OTCPK:SFTBF) Masayoshi Son are in advanced talks to build the "iPhone of AI". What Happened: While a previous report revealed that Altman has tapped Ive's design firm LoveForm to...

As Arm Holdings PLC - ADR (NASDAQ: ARM) enters its third day of trading on the open markets, after staging the year's biggest initial public offering on Thursday with a valuation of $54.5 billion, investors may be wondering if the company is planning on returning capital to shareholders...

Arm Holdings PLC (NASDAQ: ARM), the company behind the CPUs essential for Nvidia Corp.’s (NASDAQ: NVDA) GPUs in artificial intelligence (AI) operations, debuted in the market Thursday. The company recorded the largest IPO of 2023 with a valuation of $54.5 billion. The shares,...

Arm Holdings PLC (NASDAQ: ARM), known for its CPUs that Nvidia Corp.'s (NASDAQ: NVDA) GPUs rely on for artificial intelligence, took center stage Thursday with its IPO at a valuation of $54.5 billion, setting the record for 2023. The company shares are now trading at the $60 level, with...

ARM Holdings PLC (NASDAQ: ARM) launched its initial public offering (IPO) Thursday, with a valuation of $54.5 billion, marking the biggest IPO of 2023. SoftBank Group Corp - ADR (OTC: SFTBY), which acquired ARM in 2016 for $32 billion, is retaining 90% ownership and is offering 10% of the company...

Arm Holdings PLC (NASDAQ: ARM) is the talk of the Street Thursday, issuing its initial public offering valued at $54.5 billion, making it 2023's largest IPO. The semiconductor company, crucial for Nvidia Corp’s (NASDAQ: NVDA) GPUs to facilitate artificial intelligence operations, was...