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SoftBank to Invest $500 Million in OpenAI: Report
OpenAI's latest funding round has attracted Japanese telecom company SoftBank's Vision Fund, that will invest $500 million (roughly Rs. 4,190 crore) in the AI firm. The deal represents SoftBank's first investment in the Sam Altman-led firm.
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SoftBank Said to Have Bought Vision Fund's Stake in Arm for $64 Billion
SoftBank Group has acquired the 25 percent stake in Arm it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion (nearly Rs. 5,32,350 crore), according to people familiar with the matter. Details of the transaction will be unveiled on Monday when Arm makes public the filing for its blockbuster stock...
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FTX Collapse: Temasek Writes Down $275 Million Investment in Fallen Crypto Firm Ahead of Bankruptcy Proceedings
Temasek on Thursday said it would write down its entire investment of $275 million (roughly Rs. 2,240 crore) in FTX. Other backers of the fallen crypto exchange such as SoftBank's Vision Fund and Sequoia Capital have also marked down their investment to zero after its collapse last week
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Rimac Raises 500 Million Euros In Series D Round Led By Softbank's Vision Fund
Rimac has established itself as one of the premier companies in the electric car space having established partnerships with many major OEMs.
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ConsenSys Blockchain Firm Says Valuation Doubled to Over $7 Billion After New Funding From Microsoft, SoftBank
ConsenSys, a Blockchain technology firm, announced on Tuesday that its valuation has more than doubled to over $7 billion (roughly Rs. 53,421 crore) after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft.
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SoftBank Doubles Down With Buy Back After $10 Billion Vision Fund Hit
Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.
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NFT Gaming Firm 'The Sandbox' Raises $93 Million From Investors Led by SoftBank
The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using NFTs, has raised $93 million (roughly Rs. 695 crore) from investors led by SoftBank’s Vision Fund 2.
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Chinese Trucking CEO Zhang Hui Of Full Truck Alliance To Be Billionaire As US IPO Beckons
It already counts 1.3 million shippers and 2.8 million truckers and it had generated $396 million in sales.
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SoftBank Said to Have Held Talks on Taking the Group Private
SoftBank Group Corp executives have held early stage talks about taking the Japanese technology group private as the company seeks a new strategy after disposing of several large assets, according to a person familiar with the matter.
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SoftBank Vision Fund Head's Pay Doubled Last Year Despite Massive Losses
While offering big pay packets to foreign executives, compensation for CEO Masayoshi Son was JPY 209 million (roughly Rs. 14 crores), a 9 percent decline compared to a year earlier, a SoftBank filing showed.
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SoftBank's Masayoshi Son Hopes 'Winged Unicorns' Can Save Crumbling Tech Empire
SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones they would be.
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SoftBank Racks Up Losses as Vision Fund Investments Plunge
SoftBank Group racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.
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SoftBank Proposes Three New Board Members as Alibaba's Jack Ma Resigns
SoftBank Group said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
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Paytm Raises Fresh Funding From Global Investors, Said to Now Be Valued at $16 Billion
Paytm said on Monday it has raised fresh funds from a group of investors, including existing backers such as SoftBank's Vision Fund and Alibaba's Ant Financial.
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SoftBank Reports First Quarterly Loss in Over Decade Over Vision Fund Woes
SoftBank Group reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a JPY 970 billion loss on falling valuations of top tech bets such as WeWork and Uber.
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SoftBank to Invest $500 Million in OpenAI: Report
OpenAI's latest funding round has attracted Japanese telecom company SoftBank's Vision Fund, that will invest $500 million (roughly Rs. 4,190 crore) in the AI firm. The deal represents SoftBank's first investment in the Sam Altman-led firm.
-
SoftBank Said to Have Bought Vision Fund's Stake in Arm for $64 Billion
SoftBank Group has acquired the 25 percent stake in Arm it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion (nearly Rs. 5,32,350 crore), according to people familiar with the matter. Details of the transaction will be unveiled on Monday when Arm makes public the filing for its blockbuster stock...
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FTX Collapse: Temasek Writes Down $275 Million Investment in Fallen Crypto Firm Ahead of Bankruptcy Proceedings
Temasek on Thursday said it would write down its entire investment of $275 million (roughly Rs. 2,240 crore) in FTX. Other backers of the fallen crypto exchange such as SoftBank's Vision Fund and Sequoia Capital have also marked down their investment to zero after its collapse last week
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Rimac Raises 500 Million Euros In Series D Round Led By Softbank's Vision Fund
Rimac has established itself as one of the premier companies in the electric car space having established partnerships with many major OEMs.
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ConsenSys Blockchain Firm Says Valuation Doubled to Over $7 Billion After New Funding From Microsoft, SoftBank
ConsenSys, a Blockchain technology firm, announced on Tuesday that its valuation has more than doubled to over $7 billion (roughly Rs. 53,421 crore) after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft.
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SoftBank Doubles Down With Buy Back After $10 Billion Vision Fund Hit
Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.
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NFT Gaming Firm 'The Sandbox' Raises $93 Million From Investors Led by SoftBank
The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using NFTs, has raised $93 million (roughly Rs. 695 crore) from investors led by SoftBank’s Vision Fund 2.
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Chinese Trucking CEO Zhang Hui Of Full Truck Alliance To Be Billionaire As US IPO Beckons
It already counts 1.3 million shippers and 2.8 million truckers and it had generated $396 million in sales.
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SoftBank Said to Have Held Talks on Taking the Group Private
SoftBank Group Corp executives have held early stage talks about taking the Japanese technology group private as the company seeks a new strategy after disposing of several large assets, according to a person familiar with the matter.
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SoftBank Vision Fund Head's Pay Doubled Last Year Despite Massive Losses
While offering big pay packets to foreign executives, compensation for CEO Masayoshi Son was JPY 209 million (roughly Rs. 14 crores), a 9 percent decline compared to a year earlier, a SoftBank filing showed.
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SoftBank's Masayoshi Son Hopes 'Winged Unicorns' Can Save Crumbling Tech Empire
SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones they would be.
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SoftBank Racks Up Losses as Vision Fund Investments Plunge
SoftBank Group racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.
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SoftBank Proposes Three New Board Members as Alibaba's Jack Ma Resigns
SoftBank Group said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
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Paytm Raises Fresh Funding From Global Investors, Said to Now Be Valued at $16 Billion
Paytm said on Monday it has raised fresh funds from a group of investors, including existing backers such as SoftBank's Vision Fund and Alibaba's Ant Financial.
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SoftBank Reports First Quarterly Loss in Over Decade Over Vision Fund Woes
SoftBank Group reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a JPY 970 billion loss on falling valuations of top tech bets such as WeWork and Uber.
