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News on Medial
Cash-rich SoftBank eyes more AI bets for strategic growth
YourStory
·
8m ago
Medial
SoftBank Group is intensifying its investments in artificial intelligence (AI) as it aims to leverage its healthy financial standing. The company's Vision Fund 2 has committed $500 million to OpenAI, one of its strategically important investments in the AI sector. SoftBank's renewed focus on long-term, strategic growth has led it to selectively add AI-driven companies to its portfolio. The company is particularly interested in transformative companies with product-market fit, strong unit economics, and consistent execution. SoftBank's Q2 earnings report also revealed positive returns from IPOs of portfolio companies, such as Ola Electric and FirstCry.
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SoftBank posts profit in FY24 as global bets offset headwinds from Indian bets
YourStory
·
2m ago
Medial
SoftBank Group Corp reported a profit of 517.18 billion yen ($3.49 billion) for fiscal year ending March 2025, driven by gains from its Vision Fund I investments despite setbacks from Indian ventures like Swiggy, Ola Electric, and OYO. Although Vision Fund II faced challenges, SoftBank made significant exits from companies like DoorDash. Despite struggling Indian investments, SoftBank is focusing on AI, leading a $40 billion funding round for ChatGPT-maker OpenAI, highlighting its strategic shift.
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SoftBank Group Eyes $100 Billion Chip Venture For AI Semiconductors
OutlookIndia
·
1y ago
Medial
Japanese investment firm SoftBank Group is considering the establishment of a $100 billion chip venture to supply AI-enabling semiconductors. The project, called Izanagi, would complement SoftBank's chip design company Arm Holdings. SoftBank is expected to invest $30 billion in the venture, with an additional $70 billion coming from Middle Eastern institutions. SoftBank's shares have surged by 30% in the past 10 trading days, thanks in part to Arm's success. The company currently has ¥6.2 trillion ($41 billion) in cash and cash equivalents.
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Credgenics clocks robust revenue growth, eyes acquisitions
YourStory
·
1m ago
Medial
Credgenics, a debt collection technology platform, recorded a 35% revenue growth to Rs 210 crore in FY25, alongside a Rs 25 crore profit before tax. Despite challenges in personal lending, the company leveraged AI to expand into business and commercial loans. With a significant cash reserve, Credgenics plans strategic acquisitions and international expansion, notably in Indonesia and the Middle East. Serving over 150 banks, it aims for profitability and expanded market presence in both private and public sectors.
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Exotel bets big on its new AI-powered solutions suite, eyes 50% revenue growth
Inc42
·
1y ago
Medial
Bengaluru-based startup Exotel has launched an AI-driven solutions suite called "The House of AI" to improve customer engagement for businesses. The suite integrates generative AI and natural language processing (NLP) technologies to streamline the use of large language models (LLMs). It allows businesses to understand customer intent, emotions, and sentiments in real-time, enabling more impactful engagements. Exotel aims to achieve a 50% revenue growth by 2025 with this new offering. The startup currently serves over 7,000 businesses, including Ola, Swiggy, and Flipkart, generating more than 70 million conversations daily.
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SoftBank Eyeing Investments In Indian Data Centres And Robotics To Boost AI Bets
Inc42
·
1y ago
Medial
SoftBank is considering investments in Indian data centre and industrial robotics companies to strengthen its focus on the infrastructure layer of artificial intelligence (AI). It is evaluating potential deals in these sectors and may invest between $75 Mn and $150 Mn per deal. As of March 2024, SoftBank has committed $5 Bn in investments in high-growth industries. Recent investments include partnerships with robotics company Symbotic and autonomous driving company Wayve. SoftBank is also expected to resume investments in Indian startups, with a focus on growth-stage investments.
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OpenAI says it raised $40 billion at valuation of $300 billion
Economic Times
·
4m ago
Medial
OpenAI has raised $40 billion at a $300 billion valuation, partnering with SoftBank to accelerate AI research. The funding supports developing AI systems for diverse applications, aiming for artificial general intelligence (AGI). SoftBank will invest $10 billion initially, with $30 billion more pending conditions. OpenAI plans a strategic shift towards more open AI models, addressing competition and concerns over data security. This move contrasts with its previous closed-model approach, sparking debate with figures like Elon Musk.
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SoftBank eyes up to $25B investment in OpenAI: Report
YourStory
·
6m ago
Medial
SoftBank plans to invest up to $25 billion in OpenAI, becoming the largest backer of the ChatGPT creator. This involves OpenAI's Stargate initiative, a joint venture with SoftBank to develop data centers and generate 100,000 US jobs. While the deal isn’t finalized, SoftBank aims for a significant stake to achieve "superintelligence." Meanwhile, Chinese startup DeepSeek impressively trained its AI model with just $5.6 million, gaining attention from OpenAI's Sam Altman.
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Nykaa eyes Rs 6,000 crore GMV from in-house brands by FY30, ramps up fashion and AI bets - The Economic Times
Economic Times
·
1m ago
Medial
Nykaa plans to increase the GMV of its in-house brands to Rs 6,000 crore by FY30, focusing on AI integration and fashion expansion. The Superstore B2B platform is being extended to more retailers, with express delivery services being piloted. Gen Z accounts for significant beauty and personal care spending, and the company targets mid-20% growth in its core beauty business. Nykaa is also prioritizing AI for personalized shopping and customer service enhancements.
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Singularity’s PE fund bets on Bhilwara Energy
VCCircle
·
5m ago
Medial
Singularity AMC, led by the Kela family, is investing up to Rs 500 crore in Bhilwara Energy through its second private equity fund. The investment will hold a 9.6% initial stake, with an option for more. Bhilwara will use funds for growth, new projects, and building HEG Greentech, an integrated energy platform. With expertise in hydropower and green energy, Bhilwara Energy plans to enhance its operational capacity and explore strategic acquisitions.
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Trade tensions, tariffs to disturb rapid growth of data centres: Moody's
Economic Times
·
3m ago
Medial
Trade tensions and tariffs are likely to impact the growth of data centers driven by the AI boom, according to Moody's. Tariffs on essential materials and components could raise costs, affecting both current facilities and projects in development. While cash-rich hyperscalers can absorb increased costs, margins for services may suffer. The IT hardware sector, particularly AI servers, will be notably affected due to reliance on imports from high-tariff countries, complicating data center construction and increasing financial risks.
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