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SoftBank posts surprise loss in 3rd quarter
SoftBank posts surprise loss in third quarter as Vision Fund investments go into red; revenue also misses estimates
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.
SoftBank posts surprise quarterly loss
Japan’s Softbank recorded an unexpected quarterly loss, and less-than-expected revenues from lower investment holdings of Vision Fund. The comp
SoftBank Posts Third-Quarter Loss of $2.4 Billion
TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell. The loss will further raise questions about SoftBank's plans for one of its most ambitious undertakings - a hefty investment in OpenAI.
SoftBank, Stargate
SoftBank Swings to a Loss Ahead of Big Stargate AI Bet
SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund’s public holdings, boding ill for founder Masayoshi Son who has to raise $500 billion for the Stargate artificial-intelligence project.
OpenAI Investor SoftBank (SFTBF) Tumbles to $2.4B Loss Before Stargate Launch
Japanese tech investor SoftBank (SFTBF) swung to a $2.4 billion loss in the quarter ended December as valuations at its Vision Fund fell,
SoftBank falls to $2.4bn loss amid plans for huge AI investments
SoftBank tumbled to a $2.4bn loss in its fiscal third quarter as the Japanese conglomerate and its founder Masayoshi Son gear up to finance one of the world’s largest-ever bets on artificial intelligence.
Google, SoftBank back Boston-based quantum startup QuEra
Google, SoftBank back Boston-based quantum startup QuEra in $230 million deal
Google and SoftBank’s Vision Fund are new investors in Inc., participating in a $230 million funding round for the Boston-based startup, which aims to make quantum computing more practical. QuEra Interim Chief Executive Officer Andy Ory said the latest funding round came together quickly — “in a matter of weeks” — after the startup cleared a series of technical challenges that spurred investors to approach him.
Quantum computing startup QuEra closes $230 million funding round
QuEra Computing said on Tuesday the neutral-atom quantum firm has completed a funding round in excess of $230 million, with investment from Google's Quantum AI business unit and SoftBank Vision Fund,
Google, SoftBank Pour $230M into Quantum Computer Startup QuEra
QuEra Computing, a Boston-based quantum computing company, has raised $230 million in a round led by Google (GOOGL) and SoftBank (SFTBF) ’s Vision Fund 2 to develop “fault-tolerant” quantum computers,
20h
on MSN
Cybereason CEO Sues Mnuchin, SoftBank Fund Over Financing Plan
The chief executive officer of Cybereason Inc. sued two investors — former Treasury Secretary Steven Mnuchin and the SoftBank ...
2h
SoftBank Q3 Earnings: Revenue Rises, Vision Fund Takes $2.33 Billion Hit As Investments Falter
Japanese investment holding company SoftBank Group Corp (OTC:SFTBF) (OTC:SFTBY) reported third-quarter net sales of 1.83 ...
6h
on MSN
SoftBank posts loss of $2.4 bn in Q3 on fall in 'Vision Fund' valuations
In particular, SoftBank was hit by unrealised valuation losses for South Korean e-commerce platform Coupang, Chinese ...
cnbctv18
4h
SoftBank expands AI push amid Vision Fund woes, OpenAI partnership
SoftBank reported a $2.4 billion quarterly loss, driven by Vision Fund declines, while pursuing ambitious AI projects like ...
3h
Swiggy’s IPO hands SoftBank a Rs 5,500 crore gain in Q3, Ola Electric weighs on performance
Ola Electric’s stock, which debuted at Rs 76, was one of SoftBank’s standout investments last quarter. However, it has since ...
5h
Japan’s SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen, or $2.4 billion, loss for the fiscal third ...
1d
on MSN
Goldman, SoftBank Back AI Startup Tines Valued at $1.13 Billion
Goldman Sachs Group Inc.’s growth equity unit led a $125 million funding round for software startup Tines Security Services ...
The Financial Express
20h
Zeta’s valuation jumps 70% to $2 billion in latest funding round
Zeta had previously been valued at a pre-money valuation of $1.15 billion, when it raised $250 million from Softbank Vision ...
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