SoftBank Group has issued dollar- and euro-denominated bonds worth a combined $11.1 billion as it seeks funding to support its continued investment in artificial intelligence. An offering document showed on Thursday that SoftBank issued $1 billion of 3.5-year senior dollar notes, $4.5 billion of 5.5-year notes and $4.5 billion of...
SoftBank lifts OpenAI stake to 11% with $41bln investment
Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after completing the second stage of a $41-billion investment in the maker of ChatGPT. Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted...
After Japanese Softbank, US Govt, Chip-maker Nvidia to buy stake in rival Intel
Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it would invest $5 billion in its struggling rival.
DeepSeek sparks AI stock selloff
Global investors dumped tech stocks following the emergence of a low-cost Chinese AI assistant startup DeepSeek that would threaten Nvidia. This led the tech-heavy Nasdaq to fall 3.1 percent on Monday.
Saudi tech firm Alat to ally with Softbank, Carrier Corp, Tahakoum, Dahua Tech
Riyadh, Saudi Arabia - Alat Company, a subsidiary of the Saudi Public Investment Fund (PIF), has announced four global partnerships aimed at advancing its plans for sustainable manufacturing. Amit Midha, global CEO of Alat, revealed on Tuesday collaborations with Softbank, Carrier Corporation, Tahakoum, and Dahua Technology, Saudi Gazette reported. The...
Global ambitions fuel Qatar’s investment momentum
Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles and seize expansion prospects.
Arm seeks $52bn valuation
Arm is a world leader in designing chips that are used in smartphones.
SoftBank Group Q1 loss $3bn
The investment giant was hit by a drop in the share prices of major holdings.
SoftBank Group logs $7.2bn loss
The bank took hits across a range of start-up investments.SoftBank to sell Alibaba stake
It has sold more than US$7bn of its shares since early 2023.
SoftBank posts US$5.9bn loss
The group's Q3 loss coincides with a slump in the tech sector.Mubadala to buy Fortress
The Abu Dhabi fund will buy it from SoftBank for $2bn.SoftBank posts $3.5bn loss
This is its first quarterly loss since January-March 2020.Unifonic to focus on profit, IPO, after securing $125m SoftBank funding
Days after securing a $125 million Series B funding from SoftBank, the Saudi startup, Unifonic, says that it wants to be profitable first before listing on a stock market.
Saudi startup Unifonic raises $125m
The startup's latest funding is led by SoftBank and a unit of the PIF.
UAE kitchen firm Kitopi’s valuation crosses $1 billion
The Dubai-based cloud kitchen company Kitopi has crossed $1 billion in valuation, its CEO has said Its valuation went up after it had successfully raised more than $400 million in fundraising Kitopi, the Dubai-based cloud kitchen company, has seen its valuation go through the roof, crossing one $1 billion, after...
