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The Latest Breaking News from SoftBank

OpenAI's undefined revenue streams fumbled a $30 billion investment but later saw a $500 billion kickback with "a clear focus of converting to a for-profit entity"

SoftBank Vision Funds CFO revealed the institution had the opportunity to invest $30 billion in OpenAI in 2023 but didn't because it lacked clear revenue streams. It recently invested $500 billion in the ChatGPT maker's $6.6 billion round of funding.

Windows Central

Softbank plans to build first Nvidia Blackwell-based AI supercomputer using x86 DGX B200 servers

Softbank's telecom arm to build AI supercomputer based on Nvidia's DGX B200 servers.

Tom’s Hardware

Softbank once offered Jensen Huang a loan to buy Nvidia entirely — Nvidia CEO regrets not taking the loan

Nvidia's Jensen Huang could have privatized Nvidia a decade ago and then merged it with Arm.

Tom’s Hardware

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Nvidia, SoftBank Pilot World's First AI-powered 5G Telecom Network

Nvidia and Softback piloted the highly advanced AI and 5G telecom network.

International Business Times

Softbank Returns To Profitability With Vision Fund Investments

SoftBank's Q2 financial turnaround driven by Vision Fund investments and diverse portfolio.

Top News

Japan's SoftBank returns to profit after gains at Vision Fund and other investments

Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments

The Independent UK

Valued at $3.43 Trillion, Is Nvidia Stock Really Undervalued?

SoftBank CEO Masayoshi Son has boldly claimed that Nvidia, already worth $3.4 trillion, is undervalued, citing the company's position at the heart of the artificial intelligence revolution.

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Nvidia: undervalued in a golden era of robots?

Masayoshi Son of SoftBank is about to open a robot factory with the Saudis.

Fortune

AI-generated cyber threats have C-suite leaders on edge

The nature and scope of fraud is getting more complex.

Fortune

The top AI threats keeping cybersecurity leaders up at night

AI-generated cybersecurity threats are growing 'like a tidal wave.'

Fortune

Mike Ashley’s Frasers Group takes £10m stake in online retailer THG

Move is part of THG raising £95.4m to fund demerger of lossmaking technology arm Ingenuity

The Guardian - UK

OpenAI Adds SoftBank, Nvidia As Investors, With AI Model Battle Heating Up

Generative artificial intelligence leader OpenAI has raised $6.6 billion in new funding, valuing the startup at $157 billion. New investors include SoftBank and Nvidia.

Investors Business Daily

OpenAI Secures $6.6 Billlion In New Funding At $157 Billion Valuation

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

Latin Times

OpenAI raises $6.6 billion from Microsoft and NVIDIA, pushing its market cap to $157 billion — with "the world's dominant AI company worth trillions of dollars" and $11.6 billion in sales vision on the horizon

OpenAI has officially closed its funding round with a $157 billion market capitalization after raising $6.6 billion from many big tech corporations, including Microsoft, NVIDIA, SoftBank, and more.

Windows Central

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International Business Times

OpenAI Secures $6.6 Billion In New Funding At $157 Billion Valuation

The Guardian - UK

OpenAI raises $6.6bn in funding, is valued at $157bn

The startup behind ChatGP, which is reportedly planning to become a for-profit business, is now valued on par with Uber

The Guardian - UK

British gambling regulator prosecutes Sorare football game

Gambling Commission accuses $4.3bn business promoted by Premier League of providing unlicensed gambling

Tom’s Hardware

Datacenter chipmaker Ampere, once valued at $8 billion, explores possible sale: Report

Oracle-backed Ampere is exploring potential sale, Bloomberg says.

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Barchart

Should You Follow Cathie Wood Into This AI Diagnostics Stock?

This AI diagnostics stock is a holding in Wood's ARKK and ARKG ETFs.

Tom’s Hardware

SoftBank's Intel AI processor plans in doubt as insiders say it is now considering a TSMC partnership

SoftBank had to start talks with TSMC after it canceled plans to produce AI processors with Intel as the company failed to meet production requirements.

The Independent UK

Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier

TechRadar

Japanese owner of Arm gets a bargain with Graphcore purchase — could British startup stymied by lack of support embrace Arm's licensing strategy to break Nvidia's stranglehold on AI?

SoftBank, the Japanese owner of Arm, has snapped up troubled British AI chip designer Graphcore.

AnandTech

Troubled AI Processor Developer Graphcore Finds a Buyer: SoftBank

After months of searching for a buyer, troubled U.K.-based AI processor designer Graphcore said on Friday that it has been acquired by SoftBank. The company will operate as a wholly owned subsidiary of SoftBank and will possibly collaborate with Arm, but what remains to be seen what happens to the…

Tom’s Hardware

Softbank takes over AI processor designer Graphcore

Softbank acquires Graphcore, an AI processor developer, as it preps a push into AI datacenters.

The Guardian - UK

UK risks tech ‘talent drain’ to US if pension funds fail to back sector

Co-founder of British chipmaker Graphcore, which has been bought by Japan’s SoftBank, issues warning

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