Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank’s profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year. The value of its […]
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A former SoftBank Corp. employee has been arrested under the suspicion of illegally sharing 5G trade secrets with new employer, Rakuten Mobile, before the former was planning to launch their very own mobile network. Tokyo Metropolitan Police have arrested Kuniaki Aiba who allegedly leaked classified company information, breaching the Unfair Competition Prevention Law as well […]
Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019. SoftBank said its quarterly […]
TOKYO (AP) — Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. Son announced the change at the end of SoftBank’s general shareholders’ meeting. He emphasized that the decision was a “happy” one and did not reflect […]
>By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese technology company SoftBank Group Corp. 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. SoftBank, founded in 1981, said Monday the drop in […]
SoftBank to buy back $41 billion in assets to trim debt By ELAINE KURTENBACH AP Business Writer BANKGOK (AP) — The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) of its assets as it seeks to trim its gigantic debt burden. The company’s […]
OpenAI chief executive Sam Altman had a call with Microsoft CEO Satya Nadella on Monday and discussed their future working partnership.
OpenAI plans to add Alphabet's Google cloud service to meet its growing needs for computing capacity, three sources told Reuters.
The cryptocurrency era has long walked a fine line between innovation and regulatory compliance, recent shifts in the US regulatory landscape
OpenAI and Microsoft are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT.