SoftBank and Ark Investment Consider $20 Billion Investment in Tether
Japanese conglomerate SoftBank and Cathie Wood's Ark Investment are in preliminary discussions to participate in a significant funding round for Tether, according to Bloomberg.Japanese multinational conglomerate specializing in investment management and telecommunications.
SoftBank and Ark Investment Consider $20 Billion Investment in Tether
Japanese conglomerate SoftBank and Cathie Wood's Ark Investment are in preliminary discussions to participate in a significant funding round for Tether, according to Bloomberg.
Cantor Fitzgerald Plans $3 Billion Bitcoin Fund Launch
Financial firm Cantor Fitzgerald intends to establish a $3 billion investment fund for bitcoin ventures. The project involves SoftBank, Tether, and Bitfinex, as reported by the Financial Times (FT), citing its own sources. To implement this initiative, the partners will launch a company named 21 Capital. The project’s aim is to create a “public alternative” […]
OpenAI to Enter Japanese Market Through SoftBank Partnership
SoftBank has partnered with OpenAI to establish a joint venture in Japan, aiming to provide AI services to corporate clients. This was announced by the CEO of the Japanese group, Masayoshi Son, according to Reuters. The company, SB OpenAI Japan, will be owned by the American startup and SoftBank’s telecommunications division. Additionally, the Japanese group […]
SoftBank to Acquire $1.5 Billion in OpenAI Shares from Employees
OpenAI has allowed its employees to sell shares worth $1.5 billion as part of a tender offer from SoftBank. This was reported by CNBC, citing sources. The deal will enable the Japanese conglomerate to acquire a significant stake in the AI startup, while current and former employees of the firm will have the opportunity to […]SoftBank Abandons AI Chip Partnership with Intel, Reports FT
SoftBank had been in discussions with Intel regarding the production of artificial intelligence chips to compete with Nvidia, but has decided against the plan. This is according to sources cited by the FT. The American manufacturer was unable to meet the Japanese group’s requirements, the newspaper noted. Talks may resume in the future. Collaboration between […]SoftBank CEO Predicts Emergence of ‘Artificial Superintelligence’
In a decade, artificial intelligence will be 10,000 times smarter than humans, according to SoftBank CEO Masayoshi Son, reports CNBC. Before the advent of ‘artificial superintelligence’, a ‘general AI’—ten times smarter than humans—is expected within the next three to five years. SoftBank’s mission is to advance humanity’s progress in creating a superintelligence, Son noted. “Until […]
DTCP creates a $300 million fund focused on Web3
DTCP has created a $300 million fund focused on Web3.
SoftBank and Naver Corporation to launch an NFT marketplace
The Japanese holding company Z Holdings, owned by SoftBank and Naver Corporation, plans to launch an NFT trading platform. Bloomberg reports.
SoftBank Invests $150 Million in Zepeto Metaverse Platform
The Zepeto metaverse platform from South Korea's NAVER Corporation attracted $150 million from SoftBank in a Series B funding round, according to the Wall Street Journal.
SoftBank leads $155 million Series B for blockchain company Blockdaemon
Blockdaemon, a blockchain company, raised $155 million. The Series B funding round was led by SoftBank through Vision Fund 2.We use cookies to improve the quality of our service.
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