Softbank

News, North America, Technology

Asiya
November 13, 2024

Nvidia and Softbank Pilot World’s First AI-backed 5G Telecom Network

Nvidia CEO Jensen Huang, SoftBank Group CEO Masayoshi Son

Nvidia, the renowned American chipmaker and Japanese Softbank Corp have piloted world's first artificial intelligence and 5G telecoms network.

India, News

Hadia Seema
July 15, 2024

Paytm Crisis – Softbank Sells Remaining Paytm Stake, Incurs $150 Mn Loss

Masayoshi Son, SoftBank Group Corp. founder, Chairman & CEO - paytm crisis - paytm softbank - fintech

Japanese Softbank Vision Fund has exited from the Indian fintech major Paytm, with a loss of approximately $150 million.

News, North America

Editorial Staff
November 7, 2023

SoftBank-backed WeWork seeks bankruptcy protection under U.S. Bankruptcy Code

According to WeWork, paying for space consumed 74 percent of WeWork's revenue in the second quarter of 2023. The company was once valued at $47 billion, and now reported a net loss of $696 million in the first half of this year

U.S. headquartered, SoftBank-backed startup WeWork, once the coworking giant has sought U.S. bankruptcy protection on Monday.

MENA, News

Editorial Staff
June 14, 2019

Softbank teams up with Goldman Sachs for the second $100 Billion Raise

softbank-teams-up-with-goldman-for-the-second-100-billion-raise

SoftBank Group Corp. is working with Goldman Sachs Group Inc. to raise money for its second $100 billion technology investment fund...