Masayoshi Son

SoftBank Group chairman and CEO Masayoshi Son has announced that the Japanese investment firm is shifting from “defense mode” to “offense mode,” aiming to capitalize on the AI revolution, CNBC reports. Shifting Gears: During a shareholders’ annual general meeting, Son...

In a recent revelation, SoftBank Group’s Chief Executive Masayoshi Son declared himself a “heavy user” of ChatGPT, the AI-powered chatbot developed by Microsoft (NASDAQ:MSFT) backed startup OpenAI, Reuters reports. ChatGPT: A Daily Companion: Son confessed to interacting with...

 The leader of the world’s leading electric vehicle company suffered a huge loss of wealth in 2022. The drop moved Tesla Inc (NASDAQ: TSLA) CEO Elon Musk down the billionaires' list — and had him receiving an award. What Happened: In 2022, Musk saw his wealth drop thanks...

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses...

Softbank Group Corp (OTC: SFTBY) record $23.4 billion quarterly loss, pledge of heavy cost-cutting, and self-criticism could push its founder Masayoshi Son to reconsider a management buyout, the Financial Times reports. Analysts and investors said the latest results...

SoftBank Group Corp. (OTC: SFTBY) on Monday registered a ¥2.33 trillion ($17.23 billion) loss in its vision fund unit during the June quarter, mainly led by a slide in share prices of portfolio companies due to growing fears of an economic recession. Vision Fund 1: The SoftBank...

Japanese multinational conglomerate SoftBank Group Corp (OTC: SFTBY) has raised $22 billion in cash through deals that would significantly trim its stake in Alibaba Group Holding Ltd. (NYSE: BABA) over the coming years, reported Financial Times. What Happened:...

Tokyo-based SoftBank Group (OTC: SFTBY) sold nearly $14 billion worth of listed stocks last quarter. What Happened: The investment group shed nearly $3.5 billion in Facebook Inc (NASDAQ: FB) and $2.9 billion in Uber Technologies Inc (NYSE: UBER). The Masayoshi Son-founded SoftBank Group also...

Better.com has gotten a valuation boost and an injection of capital from SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF). SoftBank, the Japan-based conglomerate run by Son Masayoshi and manager of the $100 billion Vision Fund, is investing $500 million in Better.com, a consumer mortgage lending site...

One of the largest SPACs seeking a target could be nearing a $20 billion deal to bring one of the largest privately-held biotechnology companies public. The SPAC Rumor: Bloomberg reports Ginkgo Bioworks is in talks with Soaring Eagle Acquisition Corp (NASDAQ: SRNGU), a SPAC led by Harry Sloan and...

SoftBank Group Corp (OTC: SFTBY) is planning to launch two more SPACs. What Happened: The two SPACs aim to raise a total of $550 million in their IPOs, Reuters reported, citing regulatory filings. SVF Investment Corp 2 would offer 20 million shares and warrants, and SVF Investment Corp 3 would...

SoftBank Group Corp. (OTC: SFTBY) backed blank check company, SVF Investment Corp, filed the preliminary prospectus with the SEC for an initial public offering on Monday. SVF Investment Corp plans to list its common stock on NASDAQ under the symbol “SVFA” and raise...

Japan's SoftBank Group Corp. (OTC: SFTBY) is considering going private by gradually buying back stock until founder Masayoshi Son has a significant enough stake to squeeze out the remaining investors, Bloomberg reports. What Happened: SoftBank's stock in Japan surged 5.6...

Nvidia Corporation (NASDAQ: NVDA) CEO Jensen Huang said Wednesday that while the company's acquisition of rival British chipmaker Arm Ltd. was pricey, the latter's network of customers makes it well worth the cost, Reuters reports. What Happened: Huan made the remark, addressing...

Nvidia Corporation (NASDAQ: NVDA) announced Sunday it was acquiring British chipmaker Arm Ltd from SoftBank Group Corp’s (OTC: SFTBY) Vision Fund, in a transaction valued at $40 billion. What Happened: Under the deal, the Santa Clara, California-based company will fund the purchase of all of...