Tag: Softbank
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SoftBank’s $6.5 bn bet on Ampere: A costly gamble for a $16 mn revenue startup?
SoftBank Group Corp has announced a $6.5 billion all-cash acquisition of U.S.-based chip startup Ampere Computing, a company that has seen its revenue plummet...
SoftBank to invest $3 bn annually to deploy OpenAI solutions
OpenAI and the SoftBank Group have announced a partnership to develop and market Advanced Enterprise AI, known as “Cristal intelligence.” This AI solution is...
SoftBank forms JV with Tempus AI targeting Japan market
Technology investor SoftBank has launched a joint venture with Tempus AI to analyse personal medical data with artificial intelligence (AI) to come up with treatment...
SoftBank Reports $5.2 bn Quarterly Loss, Cites WeWork’s Impact on Profits
In its latest financial report, SoftBank Group posted a quarterly loss of $5.2 billion, marking the fourth consecutive quarter of negative figures. The Japanese...
SoftBank Plans Significant Investment in OpenAI Following Arm’s Lucrative IPO
In the wake of the resounding success of British chip designer Arm’s initial public offering (IPO), SoftBank, the Japanese multinational conglomerate, is considering a...
