Articles about SoftBank

SoftBank leads $40bn investment in OpenAI

The Japanese investment firm enters an agreement with OpenAI and its affiliates to make follow-on investments of up to $40 billion.

Trump launches $500bn AI behemoth Stargate

The Stargate Project is a new company, which intends to invest $500 billion over the next four years, building new AI infrastructure for OpenAI.

MWC 2021: Mobile industry players commit to support 5G mmWave

The companies announce their collective support for the next-gen technology to drive availability of 5G mmWave networks.

China’s DiDi Chuxing to take on Uber, Bolt in SA

The Chinese-based ride-hailing service is set to start operating in Cape Town, in competition with Uber and Bolt.

Hyundai to acquire SoftBank’s robotics firm

The South Korean vehicle conglomerate looks to spearhead innovation in future mobility by acquiring 80% of US-based Boston Dynamics.

Nvidia to buy Arm in $40bn deal

The combination brings together Nvidia’s artificial intelligence (AI) computing platform with Arm’s ecosystem to create the premier computing company for the age of AI.

WeWork lays off staff, restructures amid COVID-19 setback

Abandoned by its funder and tenants, the shared office space firm introduces a restructuring process, with plans to cut jobs.

WeWork sues Softbank as tenants terminate lease agreements

The shared workspaces company claims Softbank's decision to withdraw its $3 billion tender offer is a breach of contractual obligations and fiduciary duty.

SoftBank threatens to pull out of WeWork deal

Speculation is rife that the COVID-19-triggered global recession is behind SoftBank reportedly backing away from part of its bailout deal with WeWork.

ZTE unveils Axon 11

The 5G smartphone will be released in China on 23 March.

WeWork opens Cape Town office

After a windfall from SoftBank last year, the shared workspaces firm embarks on an expansion mission, opening its third local office. 

SoftBank throws WeWork multibillion-dollar lifeline

The embattled shared workspaces company receives an $8 billion rescue investment from the Japanese tech giant, in a move aimed at restoring its path to profitability.