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4 mins read

OpenAI is just one piece of the puzzle in SoftBank's grand vision for AI

With a bet on OpenAI, Masayoshi Son will add another piece to the puzzle as he looks to bring sever…

Hasan Chowdhury   


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2 mins read

SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit

The Japanese firm posted a $7.7 billion quarterly profit and is ready to chase fresh profits with n…

Hasan Chowdhury   


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1 min read

SoftBank could invest $500 million in OpenAI, new report says

SoftBank is making a significant $500 million investment in OpenAI, highlighting the growing signif…

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2 mins read

Looks like Masayoshi Son's plan to go all in on AI is starting to pay off for SoftBank

SoftBank posted a quarterly profit of about $1.5 billion, driven by its big bet on the chip designe…

Hasan Chowdhury   


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1 min read

Meesho delists 52 lakh counterfeit, restricted products in six months

SoftBank-backed e-commerce firm Meesho has delisted nearly 42 lakh counterfeit and infringing produ…

PTI   


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2 mins read

Delhivery shares edge lower after SoftBank offloads 3.8% stake for ₹954 crore

Shares of logistics provider Delhivery were down 2% in morning trade on Thursday, a day after Japan…

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1 min read

Softbank chief says that those who don't adopt AI are 'goldfish' who will be 'left behind'

The Softbank founder believes that AI will surpass all human knowledge by 2030.

Tom Carter   


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1 min read

SoftBank will cut investments in Chinese startups as it awaits more regulatory clarity

"Until the situation is clearer we want to wait and see," CEO Masayoshi Son said. "In a year or two…

Isabelle Lee   


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2 mins read

Swiggy gets a $1.25 billion cheque from Softbank for the same reason Zomato went for an IPO

Swiggy has raised $1.25 billion in a funding round led by SoftBank Vision Fund II and Prosus, a wee…

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2 mins read

E-commerce platform Flipkart to buyback employee stock options worth ₹600 crore, say sources

Earlier in the day, Flipkart announced raising $3.6 billion (about Rs 26,805.6 crore) in funding…

PTI   


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2 mins read

SoftBank's Vision Fund posted a record $8 billion profit in the third quarter as its bets on DoorDash and Uber paid off

Booming markets - particularly for tech - helped SoftBank's Vision Fund bring in record 3rd-quarter…

Harry Robertson   


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1 min read

Softbank is planning to invest in OpenAI, report says, after Masayoshi Son said he uses ChatGPT every day

Softbank is considering investing in OpenAI, after boss Masayoshi Son told Softbank shareholders he…

Tom Carter   


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2 mins read

The founders of OYO and Zomato pump in money to make edtech startup Unacademy worth $3.4 billion ⁠— a ten fold jump in 18 months

The six-year old startup founded by Gaurav Munjal, Hemesh Singh and Roman Saini, Unacademy…

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1 min read

Facebook-backed Meesho raises $300 million from SoftBank Vision Fund 2 – valuation jumps to over $2 billion

The round also saw participation from Meesho’s existing investors Prosus Ventures, Facebook, Shu…

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2 mins read

FedEx makes its first strategic investment in India, puts $100 million in Delhivery’s kitty

FedEx Express has made a strategic investment of $100 million in Indian logistics startup Delhivery.

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1 min read

OYO's Singapore arm secures $200 million loan from SoftBank

Hospitality major OYO Hotels & Homes' Singaporean subsidiary has received a term loan from SoftBank.

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1 min read

Former Infosys CEO Vishal Sikka's company Vianai Systems raises $140 million led by SoftBank Vision Fund 2

Vianai said it will use new funds to accelerate the delivery of its human-centered AI platform a…

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2 mins read

SoftBank's $10 billion gain on the DoorDash IPO will offset the fund's WeWork 'disaster,' says a stock analyst

"Suddenly Masa goes from losing to being hero very quickly," David Gibson of Astris Advisory Japan …

Emily Graffeo   


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1 min read

Digital payment firm Paytm gets a green signal from company's board to raise ₹22,000 crore via initial public offer

"The board of directors of Paytm has given in-principle approval for the mega IPO planned to …

PTI   


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1 min read

SoftBank Group reports massive $5.9 billion net loss amid global tech meltdown

There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investme…