SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit
The Japanese firm posted a $7.7 billion quarterly profit and is ready to chase fresh profits with new AI bets and IPOs.
SoftBank books $7.7 billion quarterly gain as Vision Fund finds its feet again
Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles.
Behind SoftBank’s $7.7 Billion Profit: Help From T-Mobile
Global tech investor SoftBank posted a $7.7 billion profit in the third quarter, its largest in two years by far. Aiding results: a run-up in shares from an old investment in T-Mobile that long provid
Japan’s SoftBank returns to profit after gains at Vision Fund and other investments
Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments.
SoftBank Gets Boost From Vision Fund to Forge Big Bets in AI
SoftBank Group Corp. swung to a quarterly profit on a series of successful Indian listings and a rebound in tech valuations that boosted the Vision Fund portfolio.
SoftBank returns to profit as Indian IPOs boost Vision Fund gains
Masayoshi Son’s SoftBank Group swung to a ¥1.2tn ($7.8bn) profit in its latest quarter, driven by a string of successful initial public offerings in India and better tech valuations. The company’s results easily beat analysts’ forecasts for a profit of just ¥286.
SoftBank swings back to quarterly profit with $7.7 billion gain
Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles.
SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch
British online bank Zopa is on track to double pre-tax profits and increase revenue by more a third in 2024, CEO Jaidev ...
Jensen Huang says SoftBank's Masayoshi Son once offered to help him buy out Nvidia — but he passed
Nvidia CEO Jensen Huang said he turned down a chance to buy out the chip giant, while SoftBank CEO Masayoshi Son regretted ...
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SoftBank first to receive new Nvidia chips for supercomputer
TOKYO (Reuters) -SoftBank's Japanese telecoms unit will receive the first chips using Nvidia's latest Blackwell design for ...
Softbank plans to build first Nvidia Blackwell-based AI supercomputer using x86 DGX B200 servers
SoftBank's s telecom arm will build an AI supercomputer based on Nvidia's DGX B200 servers, featuring x86 processors and ...
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SoftBank Is In Profit Once Again Thanks To Indian IPOs: What's Next For Masayoshi Son?
SoftBank Group SFTBF SFTBY has made a significant financial turnaround, reporting a profit of $7.8 billion in its latest ...
SoftBank Plans Supercomputer With Nvidia Blackwell Chips
SoftBank Group Corp. will be the first Nvidia Corp. customer to build a supercomputer based on the chipmaker’s new Blackwell ...
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Japan's SoftBank to receive of NVIDIA's first DGX B200 system: for first AI 5G telecom telecom
TL;DR: Japan's SoftBank is the first to receive NVIDIA's new Blackwell GPU for its AI supercomputer, with plans to use ...
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SoftBank Corp. Develops Orchestrator for AI and vRAN Integration
SoftBank Corp. developed an orchestrator that enables AI applications and virtualized Radio Access Network (vRAN) ...