SoftBank Group reported an 18% drop in fiscal first quarter profit as higher costs offset investment gains, though the company received a significant boost from Intel's tripled share price during the quarter. The results highlight mixed performance in the technology investor's AI-focused portfolio.
SoftBank Group reported an 18% drop in fiscal first quarter profit as higher costs offset investment gains, though the company received a significant boost from Intel's tripled share price during the quarter. The results highlight mixed performance in the technology investor's AI-focused portfolio.
SoftBank Group Corp. expanded syndication of its $40 billion bridge loan for an OpenAI investment stake, adding 21 new lenders allocated roughly $7 billion of the facility, with First Abu Dhabi Bank, GIC, and Standard Chartered each taking nearly $1 billion shares.
German industrial robotics startup Agile Robots is in discussions to raise approximately $800 million in new funding from backers including SoftBank Group, as investors seek companies deploying artificial intelligence in physical robotics.
OpenAI has completed a $122 billion funding round—the largest in Silicon Valley history—valuing the company at $852 billion. The round includes $3 billion from retail investors and comes as the company prepares for an anticipated IPO later this year.
