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Son's strategic moves propel SoftBank to expected $373 billion net income
Livemint
·
1y ago
Medial
SoftBank Group is expected to report a net income of ¥373 billion ($2.5 billion) for the quarter ending in December 2021, marking a strong comeback after a challenging period. This is due to a gain on its stake in T-Mobile USA Inc. and the rising valuations of startups in its Vision Fund portfolio. The rally in Arm Holdings Plc shares, one of SoftBank's biggest holdings, has also contributed to the firm's net asset value. However, there are concerns about SoftBank's portfolio of privately-held startups and its dependence on Arm's share price.
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Japan Inc will struggle to follow SoftBank's lead and go big with Trump
Economic Times
·
5m ago
Medial
SoftBank CEO Masayoshi Son's bold investment in AI within the US exemplifies a high-stakes approach to navigating the Trump administration's policies. While Son's strategy includes major pledges like a $100 billion investment and the $500 billion Stargate AI venture, many Japanese corporations, adhering to traditional, cautious planning, find it challenging to emulate. Son's swift decisions, driven by personal ideology rather than typical corporate methods, contrast with Japan Inc’s strategic planning, making replication difficult.
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SoftBank sells off Vision Fund assets as Son pivots to AI, chips
Economic Times
·
1y ago
Medial
SoftBank's Vision Fund has been selling off or writing down billions of dollars' worth of its publicly-listed holdings in recent years, reflecting founder Masayoshi Son's shift away from venture capital deals towards strategic investments in semiconductors and AI. The fund has seen its US-listed portfolio shrink by nearly $29 billion since the end of 2021, with stake sales in companies like Coupang, DoorDash, and Grab. SoftBank's equity capital market team has played a key role in monetizing stakes with minimal market disruption. Son's new obsessions include bankrolling a $100 billion chip venture and investing in companies strategically important to SoftBank.
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Trump Unveils $500Bn ‘Stargate’ with Sam Altman, SoftBank to Tackle China’s AI Advancements
OutlookIndia
·
5m ago
Medial
Donald Trump announced the launch of a $500 billion venture called 'Stargate' to enhance AI infrastructure in the U.S., aiming to counter China's AI advancements. Supported by SoftBank, OpenAI, and Oracle, the project plans to invest over four years, with $100 billion already deployed. It aims to ensure U.S. leadership in AI and create strategic capabilities for national security. Elon Musk doubted the project's funding capacity, while Stargate moves forward with initial partners SoftBank and OpenAI.
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SoftBank makes another WeWork bet with debt-equity swap deal
Reuters
·
1y ago
Medial
WeWork's $3 billion debt-for-equity swap deal with creditors, spearheaded by top shareholder SoftBank, aims to revive the struggling office-space provider. Success depends on WeWork renegotiating costly long-term leases signed during its rapid expansion, which have become a financial burden. SoftBank has already written down most of its WeWork investment over the years, but it had a credit support deal worth $1.1 billion as of end-June, the status of which remains unclear. WeWork's fall from grace marked a cautionary tale for SoftBank founder Masayoshi Son's appetite for risk.
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SoftBank's Masayoshi Son meets InMobi's Naveen Tewari to explore potential AI, consumer tech collabs
Economic Times
·
7m ago
Medial
SoftBank Group founder Masayoshi Son recently met with InMobi's CEO Naveen Tewari during Son's visit to India. The potential collaboration between the two companies focused on consumer tech and AI. InMobi, India's first unicorn, is a portfolio company of SoftBank, which made a significant investment in the company back in 2011. Son's visit to India also includes meetings with Prime Minister Narendra Modi and other industry leaders to discuss SoftBank's future investments in the booming Indian startup ecosystem. SoftBank has previously invested in several prominent Indian companies, including Flipkart, Ola, and Paytm.
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SoftBank Chief Masayoshi Son to meet PM Narendra Modi on November 27: Report | Company Business News
Livemint
·
7m ago
Medial
Masayoshi Son, the billionaire founder of SoftBank Group Corp, is scheduled to meet with Indian Prime Minister Narendra Modi to discuss potential artificial intelligence and technology investments in India. This comes after Son's meeting with Mukesh Ambani, chairman of Reliance Industries, to explore similar opportunities. SoftBank has seen success with the successful listings of its backed companies, including food delivery firm Swiggy. Additionally, Indian shopping website OfBusiness, another SoftBank-backed company, is aiming for a $1 billion IPO in 2025 amidst a surge in Indian primary markets.
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What’s behind Masayoshi Son’s $100 billion pledge to Donald Trump
Livemint
·
7m ago
Medial
Japanese billionaire Masayoshi Son, CEO of SoftBank Group, has pledged to invest $100 billion in artificial intelligence (AI) and related technologies in the US. Speaking alongside President-elect Donald Trump, Son said the investment would create around 100,000 jobs within four years. However, it remains unclear how Son plans to fulfil the commitment, as SoftBank does not have $100 billion readily available. Son's announcement comes as he seeks to strengthen his relationship with the Trump administration, which could hold significant regulatory power over the tech sector in the coming years.
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SoftBank to log slim profit ahead of Masayoshi son’s next AI bet | Mint
Livemint
·
11m ago
Medial
SoftBank Group is expected to report a net income of ¥1 billion ($6.9 million) for the June quarter, compared to a loss of ¥477.6 billion a year ago. However, this small profit highlights the continued negative impact of loss-making startups on the company's books. SoftBank's stock recently suffered a sharp decline, which could affect its ability to secure financing. Despite this, founder Masayoshi Son is preparing for his next big bet on artificial intelligence, with plans to deploy $100 billion into AI-related chips. The recent acquisition of Graphcore reflects SoftBank's interest in the AI supply chain.
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Around 2,000 software developers hit by Microsoft latest layoffs
YourStory
·
2m ago
Medial
Microsoft's recent layoffs have impacted around 2,000 roles in Washington, primarily affecting software developers and technical program managers. These cuts are part of a broader shift towards artificial intelligence (AI) initiatives, despite better-than-expected financial results, including a $25.8 billion net income. Other technology giants like Salesforce and Workday are also restructuring to focus more on AI. Microsoft plans to invest $80 billion in AI initiatives this year, reflecting this strategic shift.
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Fibe NBFC arm shrugs off lending headwinds, posts 83% surge in FY25 profits
YourStory
·
20d ago
Medial
Early Salary Services Limited, the NBFC arm of fintech lender Fibe, achieved significant growth in FY25, reporting an 82.8% rise in profit after tax to Rs 101.18 crore, despite increased finance costs and provisioning expenses. The company's interest income surged by 43.3%, escalating total revenue from operations by 45.8%. Despite rising employee and other expenses, Fibe’s strategic moves resulted in improved net NPA and a successful raising of Rs 560 crore through non-convertible debentures.
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