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Masayoshi Son

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SoftBank Eyes $30B Allied Universal Takeover to Fuel Robotics Strategy
business1 hour ago

SoftBank Eyes $30B Allied Universal Takeover to Fuel Robotics Strategy

SoftBank is in early-stage talks to acquire Allied Universal, the world’s largest private security firm, in a deal potentially valued at $30 billion. The move aims to integrate AI-driven robotics into physical security operations, leveraging Allied’s massive workforce and data center contracts. While the deal could accelerate SoftBank’s robotics ambitions, it faces scrutiny due to rising financing costs and broader market skepticism over AI infrastructure investments.

via Financial Times|
#allied-universal#business#masayoshi-son
SoftBank Pursues $100bn Gulf Capital for AI Expansion Amid Skepticism
business8 days ago

SoftBank Pursues $100bn Gulf Capital for AI Expansion Amid Skepticism

Masayoshi Son is seeking up to $100bn from Gulf investors to fund a new AI-focused fund, following a $65bn investment in OpenAI. The move aims to scale SoftBank’s AI portfolio but faces skepticism due to OpenAI’s delayed IPO and recent revenue shortfalls. Son has held talks with UAE officials, while critics like Elon Musk question the venture’s viability.

via Financial Times|
#artificial-intelligence#business#gulf-investors
Masayoshi Son: AI Boom 50x Bigger Than Dot-Com, €75B France AI Infrastructure Plan
business4 months ago

Masayoshi Son: AI Boom 50x Bigger Than Dot-Com, €75B France AI Infrastructure Plan

SoftBank CEO Masayoshi Son says the AI revolution is about 50 times bigger than the dot-com boom and unveils a €75 billion plan to build AI infrastructure in France, including 5 GW of data-center capacity (with 3.1 GW in Hauts-de-France by 2031) in partnership with Schneider Electric, as the company positions France as Europe’s AI hub while expanding in the US; he also notes that any downturn could present a buying opportunity.

via CNBC|
#ai#business#data-centers
SoftBank cashes out $5.8B Nvidia stake ahead of AI investments
business11 months ago

SoftBank cashes out $5.8B Nvidia stake ahead of AI investments

SoftBank sold its entire Nvidia stake for $5.83 billion to fund its AI projects and investments, highlighting its strategy to capitalize on AI growth while managing liquidity for new ventures like data centers and chip design acquisitions. The sale reflects SoftBank's focus on expanding its AI ecosystem amid debates about potential investment bubbles in the tech sector.

via Bloomberg.com|
#ai-investments#business#masayoshi-son
SoftBank Invests $1.5 Billion in OpenAI via Employee Share Buyout
business1 year ago

SoftBank Invests $1.5 Billion in OpenAI via Employee Share Buyout

OpenAI is allowing its employees to sell $1.5 billion worth of shares to SoftBank in a new tender offer, as SoftBank's CEO Masayoshi Son seeks a larger stake in the AI startup. This follows SoftBank's previous $500 million investment in OpenAI during a $6.6 billion funding round. Employees have until December 24 to decide on participation, with the offer price matching the last funding round. The investment will be made through SoftBank's Vision Fund 2.

via Yahoo Finance|
#ai#business#investment
SoftBank CEO Predicts Super AI 10,000 Times Smarter Than Humans in 10 Years
technology2 years ago

SoftBank CEO Predicts Super AI 10,000 Times Smarter Than Humans in 10 Years

SoftBank CEO Masayoshi Son predicts that artificial intelligence 10,000 times smarter than humans will emerge within 10 years. During SoftBank's annual general meeting, Son discussed the future of AI, including artificial general intelligence (AGI) and artificial super intelligence (ASI). He emphasized that while AGI will be slightly smarter than humans, ASI will bring significant changes. Son also reflected on his personal mission and SoftBank's role in advancing AI, despite the company's recent financial challenges.

via CNBC|
#ai#artificial-super-intelligence#masayoshi-son
"SoftBank's Masayoshi Son Pursues $100B for AI Chip Venture"
technology2 years ago

"SoftBank's Masayoshi Son Pursues $100B for AI Chip Venture"

SoftBank's Masayoshi Son is reportedly seeking $100 billion to build a new venture, code-named Izanagi, that would compete with Nvidia in the AI chip market. The venture would collaborate with Arm, in which SoftBank still owns about 90% of the stock. The fundraising plan involves tapping Middle East-based institutional investors for $70 billion, with SoftBank contributing the remaining $30 billion. This move aligns with SoftBank's shift in focus from Alibaba to AI, following its recovery from losses in the Vision Fund. OpenAI's Sam Altman is also reportedly in talks to raise a significant amount for a new AI chip project, separate from SoftBank's initiative.

via TechCrunch|
#ai-chips#arm#fundraising
"Arm's Earnings Surge: SoftBank Nets $16 Billion, Exceeding WeWork Losses"
businesstechnology2 years ago

"Arm's Earnings Surge: SoftBank Nets $16 Billion, Exceeding WeWork Losses"

SoftBank's investment in Arm resulted in a $16 billion windfall after the chip designer's earnings report exceeded expectations, surpassing the total losses incurred from its investment in WeWork. Despite a rough stretch for SoftBank's investment portfolio, including a $6.2 billion loss in the Vision Fund tied to WeWork, the surge in Arm's shares has significantly increased the value of SoftBank's stake. However, the company is currently under a lock-up provision preventing it from selling its Arm shares until mid-March.

via CNBC|
#arm#businesstechnology#earnings
SoftBank's Vision Fund Reports $6.2 Billion Quarterly Loss Despite Modest Gains
business2 years ago

SoftBank's Vision Fund Reports $6.2 Billion Quarterly Loss Despite Modest Gains

SoftBank reported a $6.2 billion quarterly loss, but its Vision Fund managed to eke out a gain in the fiscal second quarter. The company attributed the loss to a weaker yen and U.S.-dollar denominated liabilities. SoftBank's Vision Fund saw an investment gain of 21.3 billion yen, thanks to the sale of shares in chipmaker Arm. This offset the decline in the value of other invested companies, such as SenseTime. SoftBank's founder, Masayoshi Son, had previously shifted the company into "defense" mode but is now optimistic about the potential of artificial intelligence technology.

via CNBC|
#business#investment-gain#masayoshi-son
business2 years ago

The Costly WeWork Saga: $11.5 Billion and Masayoshi Son's Credibility

The WeWork saga has cost Japanese billionaire Masayoshi Son $11.5 billion in equity losses and damaged his professional reputation. Son's investment style, characterized by overvaluing startups and giving founders more money than they asked for, has come under scrutiny. The collapse of WeWork, along with the Vision Fund's record loss of $32 billion, has raised questions about Son's judgment and arrogance. Despite the bankruptcy, SoftBank and existing creditors have agreed to a restructuring deal to slash more than $3 billion of WeWork's debt. Son's investing style is unlikely to change, and the focus now shifts to what he will invest in next.

via Yahoo Finance|
#bankruptcy#business#masayoshi-son
SoftBank CEO predicts AGI within 10 years, urges adoption for Japanese firms
technology3 years ago

SoftBank CEO predicts AGI within 10 years, urges adoption for Japanese firms

SoftBank CEO Masayoshi Son predicts that artificial general intelligence (AGI), surpassing human intelligence in almost all areas, will be realized within 10 years. Son believes AGI will be ten times more intelligent than the sum total of all human intelligence and highlights the rapid progress in generative AI. He also introduces the concept of "Artificial Super Intelligence," which he claims will surpass human intelligence by a factor of 10,000 within 20 years. Son calls upon Japanese companies to embrace AI and emphasizes the importance of chip designer Arm in the "AI revolution."

via Reuters|
#ai#artificial-general-intelligence#masayoshi-son
SoftBank's Sacrifice in Arm IPO Pays Off with Boss's Win
business3 years ago

SoftBank's Sacrifice in Arm IPO Pays Off with Boss's Win

SoftBank successfully orchestrated the IPO of Arm Holdings, raising $4.87 billion and achieving a 25% gain in share price on the first day of trading. However, the company played it safe by pricing the IPO lower than it could have, leaving potential gains of over $1 billion on the table. SoftBank's stake in Arm still increased in value by about $12 billion due to the share price gain. SoftBank's CEO, Masayoshi Son, was determined to secure a win after a series of IPO flops, and despite the unconventional choice of pricing, the IPO is seen as a success in an improving market environment.

via Fortune|
#arm-holdings#business#ipo