SoftBank Group Corp. plans to invest as much as €75 billion ($87 billion) to build artificial intelligence data centers in France, La Tribune and the Financial Times reported. The Japanese group is set to invest the first €45 billion to construct two data centers in Le Bosquel and Dunkirk, which will become operational in 2028 … Read more
Japan’s SoftBank Group Corp has sold its stake in US chipmaker Nvidia for $5.8 billion, signalling a strategic pivot toward artificial intelligence investments, particularly in OpenAI, the company said on Tuesday, AP reported. The tech conglomerate also reported that its profit nearly tripled in the first half of the current fiscal year, driven by strong … Read more
SoftBank Group has agreed to acquire the robotics business of Swiss engineering group ABB for $5.4 billion, marking a major step in the Japanese investor’s strategy to merge robotics and artificial intelligence (AI), which Founder and CEO Masayoshi Son calls “Physical AI.” This acquisition, announced on Wednesday, is the latest effort by CEO Son to … Read more
Walmart-owned e-commerce giant Flipkart is among SoftBank’s list of portfolio companies which are poised to go public. Other such portfolio companies of the Japanese investor which are expected to list publicly include the British chip designer arm, TikTok parent ByteDance, mobile payment system PayPay, Mexican online used-car dealership Kavak and Brazilian real estate startup QuintoAndar. … Read more
Tiger and SoftBank have jointly invested in 37 VC rounds so far this year, up from 12 in 2020. Tiger is also one of SoftBank’s biggest shareholders, someone familiar with the matter told Insider. But the bigger reason the two are collaborating more is because founders now hold the cards. Tiger Global and SoftBank Group … Read more
The Flipkart Group, a homegrown consumer internet ecosystem, on Monday said it raised $3.6 billion to fund its digital commerce activities in India. The fundraise seen participation from global investors, including sovereign funds, private equity and crossovers in addition to Walmart. The new investment values Flipkart Group at $37.6 billion. This round of funding was … Read more