Japan’s SoftBank is reportedly weighing an investment in French artificial intelligence (AI) startup Mistral AI. The tech giant has shown interest in backing Mistral the next time it does fundraising, Bloomberg News reported Thursday (March 14), citing sources with knowledge of the matter. The sources said any deal...
TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. This funding will be used to drive the continued growth and product expansion of TravelPerk, as well as accelerating gross profit through automation and artificial intelligence...
It is almost generative artificial intelligence’s first birthday. Next month, it will have been a full calendar year since OpenAI first launched its ChatGPT product and spurred the creation of an entirely new and rapidly evolving industry — the AI sector. The technology has come...
SoftBank reportedly wants to invest in artificial intelligence (AI) after successfully taking tech company Arm public. Masayoshi Son, founder and CEO of the Japanese conglomerate, is interested in investing tens of billions of dollars in AI firms — OpenAI among them — the Financial Times (FT)...
March 21, 2024
Saudi Arabia aims to carve out a leadership role in the burgeoning artificial intelligence (AI) field with a proposed $40 billion investment fund, as The New York Times reported. The country is one of many global giants in the race to shape the future of AI, including Andreessen Horowitz and Nvidia, with investments in generative […]
June 29, 2021
In its latest move to redefine the firm’s relationship to robotics, SoftBank announced that it has halted production on its Pepper robot. It is the firm’s second major move away...
February 11, 2020
In today’s top payments news, Mastercard was approved for a bank card clearing business in China, and a judge rejected Uber and Postmates’ request to stop California’s new gig economy law....
February 11, 2020
For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand...
March 14, 2024
Japan’s SoftBank is reportedly weighing an investment in French artificial intelligence (AI) startup Mistral AI. The tech giant has shown interest in backing Mistral the next time it does fundraising, Bloomberg News reported Thursday (March 14), citing sources with knowledge of the matter. The sources said any deal could potentially value Mistral at north of $2 billion. PYMNTS […]
January 23, 2024
TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. This funding will be used to drive the continued growth and...
September 17, 2023
SoftBank reportedly wants to invest in artificial intelligence (AI) after successfully taking tech company Arm public. Masayoshi Son, founder and CEO of the Japanese conglomerate, is interested in investing tens of...
August 24, 2023
After two years, mortgage lender Better.com will finally go public Thursday (Aug 24). The company’s Nasdaq listing will happen via a special purpose acquisition company (SPAC) merger with Aurora Acquisition...
