SoftBank Group Stock News

The chip-design company is likely to be at the heart of Masayoshi Son's efforts to dominate the next wave of artificial intelligence.

SoftBank founder and CEO Masayoshi Son on Friday told shareholders he and the company are on a mission to usher in an age of artificial superintelligence, dismissing the firm's past investments as a mere “warm up” and hinting the firm is ready to go on the offensive with ambitious bets and capitalize on the AI boom.

Artificial intelligence that is 10,000 times smarter than humans will be here in 10 years, SoftBank CEO Masayoshi Son said on Friday in a rare public appearance. Son laid out his vision for a world featuring artificial super intelligence, or ASI, as he dubbed it.

SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000.

Japan's SoftBank Group will ramp up its power generation business primarily in the United States to supply power to generative artificial intelligence projects worldwide, founder Masayoshi Son said on Thursday.

The one thing with the robotics industry is it can only grow bigger. And with this growing trend, more investors are increasingly on the lookout for which robotics stocks to buy now.

TravelPerk, a European corporate travel booking platform, told CNBC it has acquired Chicago-based startup AmTrav to help further its expansion in the U.S. market. To help fund the deal and TravelPerk's broader expansion efforts, the company raised $135 million in debt financing from private equity firms Blackstone and Blue Owl.

After announcing a strategic partnership with SoftBank in April, Perplexity — the AI search engine that has ambitions to take on Google — is now using the deal to expand its user base, and data touchpoints, in SoftBank's home market. SoftBank and two of its mobile operations, Y!mobile (SoftBank's mobile phone operator) and LINEMO (SoftBank's affordable mobile network carrier), plan to offer fre...