Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. SoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment arm in the company's fiscal first quarter ended in June, swinging back into the black. The Japanese giant also announced it would buy back up to 6.8% of shares available in the company amounting to up to 500 billion yen ($3.4 billion). In the year ago quarter, SoftBank posted 159 ...

Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024. On Monday, Son's net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Shars of the Japanese giant, known as one of the world's largest tech investors through its massive Vision Fund, have slid since last Thursday, as Japanese equities began to fall after the Bank of Japan raised its benchmark interest rate . SoftBank Group shares tanked nearly 19% on Monday amid ...

Ness Ziona, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision solutions, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. ("Eye-Net"), has signed a three-way multi-phase agreement for a paid proof of concept (POC) project with SoftBank Corp. (Tokyo: 9434) ("SoftBank") and a Japanese vehicle manufacturer. SoftBank will provide the required cellular network infrastructure and support for the project. For ...

Aside from its first-mover advantage in AI-accelerated data centers, Nvidia also benefited from demand for its hardware handily outstripping supply. The beauty of this scenario is that it allowed the company to substantially increase the price of its GPUs, which ultimately pushed its adjusted gross margin to 78.4% during the fiscal first quarter (ended April 28). While SoftBank's management team and investment gurus can dream of what could have been with Nvidia, there are two reasons the company will likely ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Below, we take a look at SoftBank Group Cor ...

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making his most grandiose pronouncements since the Japanese conglomerate began taking steps to shore up its finances following a series of ill-timed startup bets. SoftBank said the money raised will be used for "repayment of indebtedness and for general ...

Speaking during SoftBank's annual general meeting of shareholders, Son dubbed this degree of AI "artificial super intelligence (ASI)," CNBC reported Friday. It was reported in May that SoftBank is planning to invest nearly $9 billion in AI, a figure that has more than doubled in the 12 months since Son said the company was ready to go on the "counteroffensive" after keeping its balance sheet at a very safe level. Various ASI models interacting with each other will enable them to achieve that milestone of be ...

Topline SoftBank founder and CEO Masayoshi Son on Friday told shareholders he and the company are on a mission to usher in an age of artificial superintelligence, dismissing the firm's past investments as a mere "warm up" and hinting the firm is ready to go on the offensive with ambitious bets and capitalize on the AI boom. SoftBank Group CEO Masayoshi Son wants to bring about superintelligent AI that is 10,000 times ... [+] smarter than humans. Getty Images Key Facts Son outlined his ambitious goal to brin ...

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making his most grandiose pronouncements since the Japanese conglomerate began taking steps to shore up its finances following a series of ill-timed startup bets. "But when it comes to ASI it's a totally different story. [With] ASI, you will see a big i ...

To help fund the deal and TravelPerk's broader expansion efforts, the company also raised $135 million in debt financing from private equity firms Blackstone and Blue Owl. AmTrav has long had data exchange arrangements in place with airline giants American Airlines and Southwest, he added. AmTrav, which operates in the same space as TravelPerk, will continue to operate under the same brand and its entire team will continue with the business. "Currently, the U.K. is our biggest market," Meir said in an inter ...