Tag: softbank
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SoftBank, PayPay in talks to invest in Seven & i, Bloomberg reports
TOKYO, July 10 : SoftBank Corp and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings, Bloomberg News reported on Friday.The investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may also take a sta
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Exclusive-SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say
July 1 – SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI, after earlier attempts to secure a loan stalled over concerns about the difficulty of valuing private companies, two people familiar with the matter said.To make lenders more comfortab
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Talk of a bubble is ‘blasphemy against AI’ says SoftBank’s Son
TOKYO, June 24 : SoftBank founder and CEO Masayoshi Son told shareholders on Wednesday that artificial intelligence is still in its early stages and any talk of a bubble is “an insult to AI.” “I think it’s blasphemy against AI if you say it’s a bubble,” Son said at the Japanese conglomerate’s annual general m
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SoftBank launches cybersecurity product based on OpenAI models
TOKYO, June 16 : Japan’s SoftBank Group has launched a cybersecurity product designed to counter breaches enabled by artificial intelligence, the company said on Tuesday.The “Patching as a Service” product will be rolled out in Japan through a joint venture established last November between SoftBank’s domes
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