Masayoshi Son

Elevation Capital, the largest institutional shareholder in One 97 Communications-- owner of digital payments brand Paytm-- is staring at a massive erosion in the worth of its holding, amid a free-fall in the shares of the beleaguered company following the regulatory ban on its payment bank operations that comes into effect on March 15.The Ravi Adusumalli-led fund’s 15% stake in One 97, which was valued at about Rs 6,100 crore when the post-IPO lock-in expired in November 2022, had shrunk by nearly 40% to Rs 3,800 crore…

SoftBank Group’s Masayoshi Son has made no secret of his intent to double down on red-hot artificial intelligence industry. Now, he’s fundraising for his next move in that strategy. According to a report in Bloomberg, the SoftBank founder is seeking $100 billion to build a new venture that would compete with the likes of Nvidia in the area of AI chips.   Code-named Izanagi, the new venture would collaborate with Arm, the chip design company that SoftBank spun out as a public company last year.…

SoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion to bankroll a chip venture to compete with Nvidia Corp. and supply semiconductors essential for AI, according to people with knowledge of the matter.Code-named Izanagi, the project marks the billionaire’s next big endeavor as SoftBank sharply curtails startup investments. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB…

For years, SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son's tech powerhouse is relying on a new weapon as it searches for the next big thing in AI: caution.The strategy marks a vast turnaround for a company that completely transformed the world of tech investing with its high-conviction bets on startups at an unheard of scale.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in…

Japanese technology investor, SoftBank, has offloaded another 2% stake in Noida-headquartered digital payments major Paytm in a series of open market transactions over the last month. A SoftBank entity, SVF Holdings (Cayman) Ltd has sold a total of 12.7 million equity shares, between December 19, 2023 and January 24, this year, the company informed the exchanges. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine…

When he left Morgan Stanley to join SoftBank Group in Tokyo in 2015, Alex Clavel had little in common with the swashbuckling dealmakers who surrounded CEO Masayoshi Son. After years of executive departures and soured bets, including a $16 billion investment in co-working space firm WeWork, the 49-year-old former tech investment banker is Son's top lieutenant leading SoftBank's attempt at a turnaround.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post…

Billionaire Masayoshi Son said he would make SoftBank “the investment company for the AI revolution” but he missed out on the most recent frenzy. Billionaire Masayoshi Son said he would make SoftBank “the investment company for the AI revolution” but he missed out on the most recent frenzy. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

The CEO said he is devoting himself to artificial intelligence and new inventions after what he described as a tear-filled rethinking of his life’s mission.  The CEO said he is devoting himself to artificial intelligence and new inventions after what he described as a tear-filled rethinking of his life’s mission.  FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source…

SoftBank Group Chief Executive Masayoshi Son said on Tuesday he is a "heavy user" of ChatGPT, the artificial intelligence-powered chatbot from Microsoft backed startup OpenAI."I am chatting with ChatGPT everyday - I am a heavy user," Son told shareholders of the group's telecoms subsidiary. Amid excitement over AI, Son has stepped back from public pronouncements in recent months to focus on the planned listing of chip designer Arm as his technology investment conglomerate books heavy loss due to the sliding value of its…

The CEO says he wants to invest more aggressively as tech stocks revive. “I want SoftBank to lead the AI revolution.” The CEO says he wants to invest more aggressively as tech stocks revive. “I want SoftBank to lead the AI revolution.” FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…