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SoftBank CEO Masayoshi Son has sought collaborations with TSMC, Samsung and the Trump administration for the mega Arizona AI project. (Express Image/Reuters)

Softbank’s Son says he ‘cried’ while selling Nvidia stake to fund OpenAI bet

December 08, 2025 9:09 am

Son revealed for the first time that he was forced to offload the conglomerate’s entire Nvidia stake in order to bankroll its big bet on OpenAI.

SoftBank has sold all its shares in Nvidia for $5.8 billion, turning focus to OpenAI

November 12, 2025 10:02 am

Nvidia recently become the first $5 trillion company, just three months after it broke through the $4 trillion barrier.

Paytm reported widening of losses to Rs 550 crore in the fourth quarter of 2023-24 following the ban on transactions related to its payments bank.

Softbank exits Paytm at loss of around USD 150 million: Report

July 13, 2024 7:43 pm

Softbank had acquired Paytm shares at an average price of about Rs 800 apiece.

SoftBank CEO Son says artificial general intelligence will come within 10 years

October 05, 2023 9:12 am

Son has spoken of the potential of AGI - typically using the term "singularity" - to transform business and society for some years, but this is the first time he has given a timeline for its development.

SoftBank Group logs loss but Vision Fund unit returns to profit

August 08, 2023 1:27 pm

The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for the April-June quarter.

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SoftBank's Son says he is 'heavy user' of ChatGPT

June 20, 2023 1:29 pm

Son has long argued that AI is the driving force behind his investing activity but has had to contend with high-profile stumbles such as office-sharing firm WeWork and weakness in valuations of the high-growth startups he favours.

SoftBank books narrower loss after Alibaba stake sell-down

May 11, 2023 1:52 pm

SoftBank reported a net loss of 970 billion yen ($7.18 billion) for the year ended March 31, compared with a 1.7 trillion yen loss in the same period a year earlier.

SoftBank offloads 2% stake in Paytm in a series of disposals since February

May 11, 2023 1:31 pm

SoftBank has offloaded more than 2 per cent of its stake in Paytm-parent firm One97 Communications Limited via an open market to meet Sebi takeover rules.

Snapdeal to shelve $152 million IPO amid tech stocks rout

December 09, 2022 11:29 am

Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups. But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations.

SoftBank's Masayoshi Son quietly raises stake in the group to 34%, edging towards buyout

December 08, 2022 5:23 pm

Under Japanese law, Son gains additional rights after breaching one-third ownership. The 65-year-old wields more control over asset sales, some buybacks, mergers and corporate bylaws by having the power to veto any special resolution put before shareholders by activist investors.