SoftBank reportedly is leading a $500 million investment round in Skild AI, a startup developing general intelligence for robots that can be adapted to perform different tasks. Typically, robots are trained to do limited tasks. The startup developed what it calls the Skild brain, which...
OpenAI and the SoftBank Group agreed to establish a joint venture company that will market enterprise artificial intelligence solutions to major companies in Japan. The joint venture, SB OpenAI Japan, will market enterprise AI called “Cristal intelligence,” which will be developed and marketed by the...
DeepSeek was the talk of Silicon Valley and Wall Street this week after it singlehandedly wiped nearly $600 billion of market value from Nvidia. Its $5.6 million cost to train its foundation models with only about 2,000 of slower H800 Nvidia chips brought concerns of...
OpenAI is reportedly in talks for a $40 billion funding round that would value it at $300 billion. The round would be led by SoftBank, which would invest between $15 billion and $25 billion, with the rest coming from other investors, The Wall Street Journal...
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...
February 13, 2025
Chip designer Arm reportedly plans to become a chip manufacturer. Arm, which has traditionally designed chips and licensed those designs to companies like Apple and Nvidia, plans to introduce the first chip it made in-house as soon as this summer, the Financial Times (FT) reported Thursday (Feb. 13). One of the SoftBank-owned company’s first customers […]
February 03, 2025
OpenAI and the SoftBank Group agreed to establish a joint venture company that will market enterprise artificial intelligence solutions to major companies in Japan. The joint venture, SB OpenAI Japan,...
January 30, 2025
OpenAI is reportedly in talks for a $40 billion funding round that would value it at $300 billion. The round would be led by SoftBank, which would invest between $15...
January 30, 2025
SoftBank is reportedly in discussions to invest up to $25 billion into OpenAI. The deal, as reported by the Financial Times (FT) and other outlets Wednesday (Jan. 29) evening, would...
