Credit Suisse's $440 million London lawsuit against Japan's SoftBank Group Corp kicked off on Thursday over losses linked to Greensill Capital, with the collapsed finance firm's founder Lex Greensill expected to give evidence next week.
Irish fintech Nomupay said on Tuesday it had received a $40 million investment from an unit of SoftBank Corp at a valuation of $290 million to help it expand in Asian countries such as Japan.
OpenAI, Oracle, Nvidia and Cisco are providing support for the sweeping artificial intelligence campus in the United Arab Emirates called Stargate UAE. The Stargate UAE project was announced last week during President Donald Trump's Middle East tour.
SoftBank's fiscal year 2024 earnings were positive for the first time in four years. Concerns arise over SoftBank's $40 billion investment in OpenAI, valuing the startup at ~$300 billion, and the high valuation of its ARM investment. SoftBank Vision Funds show poor performance, with combined cumulative losses despite many successful public listings.
SoftBank's finance chief Yoshimitsu Goto said during an earnings press conference on Tuesday that "nothing has really changed" with OpenAI and its restructure plan.
SoftBank Group shares rose as much as 3.7% in Tokyo on Tuesday after the tech investment giant reported a net profit of $3.49 billion for the three months to March, significantly outperforming analyst expectations of a loss of around $180 million. The stronger-than-expected result was driven by investment gains in tech and telecom holdings.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.