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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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Related News
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 headed for a big haircut from one of its showcase India bets
VCCircle
·
1y ago
Medial
SoftBank, known for its large-scale investments in tech companies, is facing challenges with one of its major India investments. The Japanese conglomerate has decided to sell off a stake in an Indian company, potentially resulting in significant losses. SoftBank, which has invested in numerous successful startups, has encountered financial setbacks in recent times.
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Microsoft is about to pump billions more into AI data centers
Business Insider
·
1y ago
Medial
Microsoft is planning to invest $2.9 billion in AI data centers in Japan by 2025. The company will place advanced AI semiconductors in two existing data centers, develop an AI training program for 3 million workers, build an AI and robotics research lab, and collaborate with the Japanese government on cybersecurity practices. This investment is part of Microsoft's effort to boost Japan's competitiveness in AI and keep up with the US in artificial intelligence technology and computing. Recently, Microsoft also announced investments in UK data centers and the opening of an AI hub in London.
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SoftBank sitting on $550 million of gains on listed Indian bets so far in 2023
Money Control
·
2y ago
Medial
During the first half of 2023, SoftBank has amassed potential gains of $550 million from its Indian listed portfolio companies. The multinational conglomerate's investments in Indian startups have demonstrated substantial growth, reflecting positive performance and market dynamics, thereby contributing to its significant financial gains in the specified period.
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Amazon-backed Skild AI unveils general-purpose AI model for multi-purpose robots - The Economic Times
Economic Times
·
10d ago
Medial
Robotics startup Skild AI, supported by Amazon and SoftBank, has launched Skild Brain, a foundational AI model for multi-purpose robots. This model enables robots to think, navigate, and interact more human-like, broadening their tasks beyond single-purpose uses. Its innovative approach addresses data scarcity by training on simulations and real-world inputs from deployed robots, enhancing capabilities across industries. Skild AI, backed by significant investors, quickly scales its technology despite robotics' physical constraints.
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AI boom set to fuel data centre deals in Asia this year
Economic Times
·
1y ago
Medial
Private equity investors and asset managers are preparing for a surge in mergers and acquisitions (M&A) and investments in data centres in the Asia Pacific region. The growing demand for digital infrastructure, driven by the artificial intelligence (AI) boom, has led to an increase in deals in the region. Asia Pacific, including Japan, has led the global data centre market in terms of M&A value, with over $840 million this year. AirTrunk, which owns 11 data centres in the region, is set to be acquired by financial sponsors such as Blackstone Inc for a valuation of up to $9.8 billion. Additionally, investments in data centres in Malaysia, Indonesia, and Japan are also expected.
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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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ET Leadership Dialogues: Win the AI race by building the backend, say industry executives
Economic Times
·
3d ago
Medial
Industry executives at the ET Leadership Dialogues emphasized the need for infrastructure expansion and government support to accelerate AI adoption in India. Although India generates 20% of the world's data, it only possesses 3% of global data centre capacity. There's potential to boost exports and local economies through expanded data centres. A Deloitte report suggests India could become an AI and data centre hub, necessitating streamlined regulations, renewable energy, and AI-focused public infrastructure.
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Donald Trump launches $500B Stargate project to boost AI infrastructure in the US
YourStory
·
6m ago
Medial
US President Donald Trump announced the launch of 'Stargate,' a $500 billion joint venture by OpenAI and SoftBank, to boost AI infrastructure in the US. The initiative, initially funded by SoftBank, OpenAI, Oracle, and MGX, aims to create over 100,000 jobs and secure US leadership in AI. Key technology partners include Oracle, NVIDIA, and Microsoft. The project includes constructing data centers across the country, supporting AI model training, and enhancing national security.
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Mint Explainer: Will the $500 billion Stargate plan help the US trump China?
Livemint
·
6m ago
Medial
The Stargate Project, announced by US President Donald Trump, is a $500 billion venture focusing on AI data centres across the US. The initiative, involving OpenAI, Oracle, SoftBank, and MGX, aims to strengthen the US's AI infrastructure and create 100,000 jobs to compete with China's growing AI prowess. The project underscores the geopolitical tensions influencing global tech strategies, as both the US and China vie for AI dominance and technological advancements.
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