Business
SoftBank and OpenAI’s Stargate aims building small data centre by year-end: WSJ
GATE, a multi-billion-dollar effort by ChatGPT’s creator OpenAI, SoftBank and Oracle to supercharge the US’ AI ambitions is now setting…
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SoftBank
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An AI 'gold rush.' What to know about OpenAI's record $40-billion funding round
SAN FRANCISCO — ChatGPT maker OpenAI this week announced it raised a whopping $40 billion as it races to dominate a competitive AI…
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OpenAI finalizes a record $40-billion funding round
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from…
Business
OpenAI nears record US$40 billion funding round led by SoftBank
OpenAI is close to finalising a US$40 billion funding round led by SoftBank Group – with investors including Magnetar Capital, Coatue…
Business
SoftBank Group to acquire Ampere Computing in US$6.5 billion AI-focused deal
The US chip startup makes data centre CPU chips based on a computing architecture from Arm Holdings that are used by firms such as Oracle…
Business
FTX refunds: Temasek, BlackRock, SoftBank, Sequoia, Tom Brady, Shaquille O’Neal likely beneficiaries
AFTER more than two years of hand-wringing, creditors of bankrupt crypto exchange FTX are heaving a sigh of relief as the trading…
Business
SoftBank explores debt-heavy financing for US$500 billion AI push
A FEW weeks ago, SoftBank Group founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an…
Business
SoftBank nears deal to acquire chip designer Ampere
SOFTBANK Group is in advanced talks to acquire Ampere Computing, sources familiar with the matter said. The Japanese company is discussing…
Business
SoftBank, OpenAI unveil Japan AI joint venture
SoftBank Group CEO Masayoshi Son said on Monday (Feb 3) he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to…
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SoftBank in talks to lead OpenAI funding round at US$300 billion valuation, sources say
SOFTBANK is in talks to lead a funding round of up to US$40 billion in OpenAI at a post-money valuation of US$300 billion, sources told…
Business
SoftBank, OpenAI plan US$19 billion each for Stargate: report
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
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OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward…
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OpenAI allows employees to sell US$1.5 billion stock to SoftBank: sources
CHATGPT-owner OpenAI is allowing its employees to sell roughly US$1.5 billion worth of shares in a new tender offer to Japan’s SoftBank…
Business
SoftBank to get first new Nvidia chips for Japan supercomputer
SOFTBANK Group will be the first Nvidia customer to build a supercomputer based on the chipmaker’s new Blackwell design, a move to meet…
Business
SoftBank books 1.18 trillion yen quarterly gain as Vision Fund finds its feet again
JAPAN’S SoftBank Group swung to a 1.18 trillion yen (S$8.7 billion) net profit in the three months to September, as the tech giant…
Business
SoftBank expected to book 287 billion yen profit on IPOs
JAPANESE technology investor SoftBank Group is expected to report a 287 billion yen (S$2.5 billion) quarterly profit on Tuesday (Nov 12),…