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SoftBank books surprise loss of $2.4 billion in 3rd quarter

SoftBank books surprise loss of $2.4 billion in third quarter

By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a surprising net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.

CNBC on MSN · 32m

SoftBank posts surprise loss in third quarter, revenue also misses estimates

SoftBank Group posted a surprise quarterly loss Wednesday as its Vision Funds investments fell into red. The Japanese company's revenue also missed analysts' estimates.Here are Softbank's results compared with LSEG SmartEstimate,

Wall Street Journal · 22m

SoftBank Group Posts Quarterly Loss on Weak Tech Funds Business

The Japanese technology investment company reported a quarterly loss, partly due to the weakness in its technology funds business.

Reuters · 1h

SoftBank posts third-quarter loss of $2.4 billion

Japanese technology investor SoftBank Group booked a net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.

Bloomberg on MSN · 51m

SoftBank Swings to a Loss Ahead of Big Stargate AI Bet

SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund’s public holdings, boding ill for founder Masayoshi Son who has to raise $500 billion for the Stargate artificial-intelligence project.

Google, SoftBank Back Quantum Startup QuEra

Bloomberg on MSN · 19h

Google, SoftBank Back Quantum Startup QuEra in $230 Million Deal

Startup investors including Alphabet Inc.’s Google and SoftBank Group Corp. are betting that quantum computing, often thought of as a fantastical science experiment, is getting closer to having sweeping real-world applications.

Observer · 6h

Google, SoftBank Pour $230M into Quantum Computer Startup QuEra

QuEra Computing, a Boston-based quantum computing company, has raised $230 million in a round led by Google (GOOGL) and SoftBank (SFTBF) ’s Vision Fund 2 to develop “fault-tolerant” quantum computers, designed to overcome the computational errors that have long hindered real-world quantum applications.

Seeking Alpha on MSN · 18h

Google, SoftBank among investors in quantum computing startup: report

Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and SoftBank (OTCPK:SFTBY) are among the investors in quantum computing startup QuEra Computing, Bloomberg reported. Google and SoftBank's Vision Fund participated in a round that saw QuEra Computing raise $230M “in a matter of weeks,

10h

ASIA Tech pierces trade gloom, Softbank reports

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

13hon MSN

Cybereason CEO Sues Mnuchin, SoftBank Fund Over Financing Plan

The chief executive officer of Cybereason Inc. sued two investors — former Treasury Secretary Steven Mnuchin and the SoftBank ...

Nikkei Asia21m

SoftBank Group swings to net loss as market waits cues on AI strategy

TOKYO -- SoftBank Group on Wednesday announced a net loss of 369.1 billion yen ($2.4 billion) for the third quarter ending in December, a sharp turnaround from a 1.1 trillion yen net profit logged in ...

SoftBank could soon buy Renee James’ Ampere chip company for about $6.5B

Ampere, the semiconductor business founded by former Intel exec Renee James, is reportedly on the cusp of selling itself to ...

Bisnow1d

OpenAI Securing $40B In New SoftBank Funding, Scouting 16 States For Stargate Projects

SoftBank's latest investment of OpenAI values the company at $260B as its data center joint venture considers sites in 16 ...

SoftBank reportedly getting close to acquiring chipmaker Ampere in $6.5B deal

SoftBank Group Corp. is reportedly getting close to acquiring chipmaker Ampere Computing LLC in a deal that would value the ...

Why SoftBank’s massive investment in OpenAI is exciting for ChatGPT

SoftBank will invest multiple billions of dollars in OpenAI's ChatGPT tech, which is great news for AI hardware development ...

18hon MSN

Goldman, SoftBank Back AI Startup Tines Valued at $1.13 Billion

Goldman Sachs Group Inc.’s growth equity unit led a $125 million funding round for software startup Tines Security Services ...

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SoftBank books surprise loss of $2.4 billion in 3rd quarter

Google, SoftBank Back Quantum Startup QuEra

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