Softbank News
SoftBank’s Son says artificial general intelligence to be achieved in a few years
SoftBank Group Chief Executive Masayoshi Son said he believed artificial general intelligence, in which computers have human-level cognitive abilities, would be achieved in two to three years.
1 min read3 Oct 2024Alok Sama, SoftBank’s former president, on the smear campaign against him and working with Masa
Alok Sama’s new book reveals the personal toll of a smear campaign within SoftBank, detailing his relationship with Masayoshi Son and the firm’s investment strategies. He observes SoftBank’s shift away from India, emphasizing the country’s ongoing appeal for investors despite this change.
5 min read19 Sep 2024How a Street party helped SoftBank cast off its Indian struggles
It is looking at $10 billion in gains, excluding future listings
4 min read14 Aug 2024Softbank Group errs on the side of caution after Q1 profit
The company stands to benefit from several growth stage IPO bound companies from its vision funds. Some of its Indian portfolio firms that are looking to go public include FirstCry, Unicommerce, Swiggy, Ola Electric and Ola across the two funds.
2 min read7 Aug 2024SoftBank’s latest big purchase could be one of its best
With its stake in chip maker Arm worth more than its own market value, a $3.5 billion buyback announcement was cheered by investors.
1 min read7 Aug 2024SoftBank licks its lips as four portfolio firms head for IPOs
At current IPO valuations, SoftBank is sitting on gains of $1 billion (including the part exits) each on Ola Electric and Firstcry. The value will change depending on stock movement after their IPOs.
4 min read29 Jul 2024How SoftBank-backed ElasticRun has revamped its strategy to improve margins, hit profitability
Working with multiple regional brands instead of a few national ones has helped the company multiply how much money it makes from each transaction
4 min read20 Jun 2024WeWork CEO Tolley steps down as company exits bankruptcy
WEWORK-BANKRUPTCY/ (UPDATE 4, PIX):UPDATE 4-WeWork CEO Tolley steps down as company exits bankruptcy
1 min read11 Jun 2024As travel rebounds, Oyo checks in its first full-year net profit
Founder Ritesh Agarwal said on X that the travel and hospitality company had recorded its eighth consecutive quarter of positive EBITDA in the three months ended March
2 min read30 May 2024SoftBank climbs 1.89% on reports of subsidiary Arm Holdings’ plan for AI-powered chips by 2025
SoftBank Group’s stock rose ahead of its earnings report, fueled by reports of Arm Holdings developing AI-powered chips for a 2025 launch.
2 min read13 May 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared