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THE TRUTH ABOUT: 2 | History Defined

Nvidia Reportedly Moves to Backstop $250 Billion in OpenAI Data Center Financing, Michael Burry Says, 'Around and Around We Go'

Over the weekend, ‘Big Short’ investor Michael Burry and tech commentator Ed Zitron voiced concerns after a report said Nvidia Corp (NASDAQ:NVDA) is considering backing billions of dollars in financing to support OpenAI’s massive AI infrastructure expansion.

Benzinga

Robot AI company Noetra is 'last chance' for Japan, CEO says

Japan's Noetra company is developing foundational AI and robotics technology. This government-backed venture aims for greater domestic technological self-sufficiency. Noetra will provide Japanese firms access to a reliable and safe foundational model. The company is procuring significant Nvidia Rubin chips for its infrastructure. Operations are planned to begin in June…

The Economic Times

InMobi appoints JPMorgan, Jefferies for nearly $1 billion IPO

The SoftBank Group Corp.-backed firm is likely to seek a valuation of $5 billion to $6 billion in a share offering, Bloomberg News reported last year, which would place it in the mid-range of Indian publicly traded tech firms.

The Economic Times

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SoftBank Tumbles 11% as Global AI Sell-Off Triggers 'Another Wipeout' for Tech Momentum Winners

Shares of tech conglomerate SoftBank Group Corp. (OTC:SFTBY) plummeted over 11% in Tokyo on Friday as a sweeping global rout in artificial intelligence and semiconductor stocks triggered a massive downturn for market frontrunners.

Benzinga

Hyundai Buys Out SoftBank Stake to Take Full Control of Boston Dynamics as Atlas Humanoid Robot Manufacturing Rollout Moves Closer

Hyundai Motor Co. Ltd. (OTC:HYMLF) will acquire SoftBank Group Corp.‘s (OTC:SFTBF) (OTC:SFTBY) remaining roughly 10% stake in Boston Dynamics, making the U.S. robotics company wholly owned as Hyundai prepares to deploy Atlas humanoids in automotive production.

Benzinga

SoftBank Group's CEO says $5 trillion a year needed globally to meet AI demand

Japanese tech giant SoftBank Group’s CEO Masayoshi Son has ridiculed people who worry about a bubble in artificial intelligence investments

The Independent UK

Temasek offloads 2% stake in Lenskart for Rs 1,945 crore

The sale was done on July 10 through open market transactions, taking Temasek's stake in Lenskart down to 4.75% from 6.8% earlier. On July 10, Lenskart's stock closed at Rs 543.65 on the National Stock Exchange.

The Economic Times

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SoftBank's Masayoshi Son says AI will need $5 trillion per year by 2040, dismisses bubble talk

"The business model will be viable because by 2040, if AI revenue makes up 20% of global GDP, spending 800 trillion yen a year is a rounding error," Son said.

The Economic Times

SoftBank names ex-Goldman Sachs trader Mark Agne to lead Vision Fund finances

SoftBank Vision Fund has appointed Mark Agne to lead finance and technology roles. The move follows a series of staffing changes at SoftBank as its focus shifts alongside founder Masayoshi Son’s quest for technologies underpinning AI services. Agne joined SoftBank in 2019 after 17 years at Goldman Sachs, where he…

The Economic Times

SoftBank, fintech firm PayPay in talks to invest in retail giant Seven & i: Report

The investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may also take a ‌stake, Bloomberg ⁠said.

The Economic Times

CCI clears UpGrad-Unacademy merger, paving way for major edtech consolidation

The Competition Commission of India’s (CCI) approval comes two months after the higher education and upskilling company and the SoftBank- and Peak XV Partners-backed test-prep startup sought antitrust clearance for the deal.

The Economic Times

A $75 billion valuation, 75 million global customers and on its way to America—Revolut is London's disruptor extraordinaire

Investors are betting big on Revolut. Valued at $75bn in its latest fundraising round, the fintech is targeting a $200bn-plus IPO with backing from Nvidia and SoftBank

Fortune

SoftBank completes second $10 billion tranche of its $30 billion OpenAI investment

SoftBank has injected another $10 billion into OpenAI, part of a larger $30 billion commitment. This significant investment, funded by a bridge loan, underscores OpenAI's importance to SoftBank's portfolio, contributing to a substantial profit increase. However, the news comes as the New York Times reported delays in OpenAI's IPO, impacting…

The Economic Times

Saha Group taps global AI partners for digital push

E-commerce Digital Thai Holding Plc (EDTH), the digital investment arm of Saha Group, has forged an artificial intelligence (AI) alliance with TrueBusiness, EGG Digital and Japan's SoftBank Corp to accelerate the adoption of AI, big data and digital technologies across one of Thailand's largest industrial conglomerates.

Bangkok Post

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The Economic Times

Japan's Nikkei ends 4% lower as SoftBank tanks on OpenAI IPO delay report

Japan's Nikkei index experienced a significant drop of 4% on Friday, largely due to a sharp decline in tech investor SoftBank Group, which plunged over 12% following reports of a potential delay in OpenAI's IPO. This downturn erased previous gains, impacting other AI-related stocks. Despite the volatility, strategists anticipate a…

Fortune

Softbank CEO dismisses Elon Musk’s extraterrestrial data center idea in favor of maximizing Earth-side construction now: ‘He who strikes first wins’

Son’s Softbank committed $19 billion last year to the Stargate project that aims to build AI infrastructure in the U.S.

The Economic Times

Delhivery investors cash out as stock nears IPO price

In an exchange filing on Thursday, SoftBank disclosed that it sold around 14.6 million shares, or about a 2% stake, between September 2024 and June 2026, reducing its holding to 7.6% as of June 22. Based on its disclosures, the Japanese investment firm sold roughly Rs 180-200 crore worth of…

International Business Times

Congress Moves To Make Tech Companies Pay For AI Data Centers' Strain On Power Grid

Lawmakers are pushing utilities to shift the cost of grid upgrades to data center operators instead of households and small businesses.

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The Economic Times

Talk of a bubble is an 'insult to AI' says SoftBank's Son

Masayoshi Son, SoftBank's CEO, dismissed concerns about an AI bubble, calling it an "insult to AI" and emphasising its nascent stage with vast potential. He reiterated SoftBank's role as an "egg-laying factory" and expressed frustration over the company's market valuation compared to its asset value. Son, 68, plans to lead…

The Economic Times

SoftBank launches cybersecurity product based on OpenAI models

The "Patching as a Service" product will be rolled out in Japan through a joint ‌venture established ⁠last ⁠November between SoftBank's domestic telecoms arm, SoftBank Corp, and OpenAI.

The Independent UK

Japan's tech business SoftBank rolls out OpenAI 'patches' against cyberattacks

Japanese technology giant SoftBank Group Corp. is launching a service using OpenAI technology to protect against the looming threat of cyberattacks

The Economic Times

SoftBank Vision Fund CFO Navneet Govil exits after a decade as AI bets take centre stage

Navneet Govil, the chief financial officer of SoftBank's Vision Fund, is departing after a decade. His exit comes as the investment giant, known for its high-stakes bets on startups like WeWork, undergoes restructuring and shifts its focus towards AI. SoftBank will soon announce transition plans for his responsibilities.

The Economic Times

Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins end

Top global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shift, with IPOs now seen as the start of a longer monetisation cycle, allowing for staggered exits and continued upside for early backers.

The Times of India

From Sundar Pichai to Vinod Khosla: Meet the 26 Indian-origin leaders in America's most successful immigrants list

The story of immigration in America has long been intertwined with innovation, entrepreneurship and economic growth. In its latest ranking of America's most successful immigrants, Forbes highlighted 250 individuals whose contributions have shaped industries ranging from technology and healthcare to finance, academia and entertainment. Among them are 26 India-born and…

The Economic Times

Lenskart Solutions sees Rs 1,862-crore block deal; ADIA likely seller

Eyewear retailer Lenskart Solutions experienced a significant block deal valued at Rs 1,862 crore. Abu Dhabi Investment Authority, through its investment vehicle, sold a portion of its shares. This follows a similar stake sale by SoftBank. Despite early investors reducing holdings, Lenskart's revenue surged in the January-March quarter. The company…

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