The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 weeks ago

Japanese mobile payment service provider PayPay has taken a step for its public listing in the United States, though the exact schedule, size and price for the public listing have yet to be determined. https://www.japantimes.co.jp/business/2025/08/16/companies/paypay-us-listing/?utm_medium=Social&utm_source=mastodon #business #companies #paypay #stocks #us #line #softbank
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 weeks ago

SoftBank's PayPay is preparing for a listing on an unspecified U.S. exchange with a filing to the U.S. Securities and Exchange Commission. https://www.japantimes.co.jp/business/2025/08/15/economy/paypay-us-listing/?utm_medium=Social&utm_source=mastodon #business #economy #paypay #softbank #nyse #nasdaq #us #stocks #investments #ipo
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 weeks ago

SoftBank Group’s shares jumped as much as 8% on Tuesday on bets that the tech investor would be able to capitalize on its yearslong focus on artificial intelligence. https://www.japantimes.co.jp/business/2025/08/12/companies/softbank-shares-surge-ai/?utm_medium=Social&utm_source=mastodon #business #companies #softbank #ai #foxconntechnologygroup #stargate #openai #oracle
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 weeks ago

Japanese shares surged after positive earnings reports and expectations the U.S. would remove overlapping tariffs on the country's goods, while shares were down in other Asian markets. https://www.japantimes.co.jp/business/2025/08/08/markets/japan-shares-surge-august/?utm_medium=Social&utm_source=mastodon #business #markets #tariffs #japaneseeconomy #us #usjapanrelations #softbank #nikkei #topix
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 weeks ago

SoftBank Group swung to a quarterly profit, riding on gains from its bets on Nvidia and startups in a boon for founder Masayoshi Son’s bets on artificial intelligence technologies. https://www.japantimes.co.jp/business/2025/08/07/softbank-profit-ai-bet/?utm_medium=Social&utm_source=mastodon #business #masayoshison #softbank #nvidia #tsmc
jbz
@jbz@indieweb.social  ·  activity timestamp last month

🫧 OpenAI Is Quietly Trying to Get More Money as It Burns Through Cash at a Staggering Pace

｢ There's just one wrinkle: the funds roll out in two tranches, with $10 billion dispersed immediately, and $30 billion only available if OpenAI restructures to a for-profit company. If it doesn't, the Wall Street Journal reported back in March, SoftBank has the option to withhold $20 billion, cutting the historic funding round off at the knees ｣

https://futurism.com/openai-money-softbank-investors

#openai #ai #aihype #softbank

Yogthos
Yogthos boosted
Miguel Afonso Caetano
@remixtures@tldr.nettime.org  ·  activity timestamp last month

"- OpenAI and Anthropic both lose billions of dollars a year after revenue, and their stories do not mirror any other startup in history, not Uber, not Amazon Web Services, nothing. I address the Uber point in this article.

- SoftBank is putting itself in dire straits simply to fund OpenAI once. This deal threatens its credit rating, with SoftBank having to take on what will be multiple loans to fund the remaining $30 billion of OpenAI's $40 billion round, which has yet to close and OpenAI is, in fact, still raising.

- This is before you consider the other $19 billion that SoftBank has agreed to contribute to the Stargate data center project, money that it does not currently have available.

- OpenAI has promised $19 billion to the Stargate data center project, money it does not have and cannot get without SoftBank's funds.

- Again, neither SoftBank nor OpenAI has the money for Stargate right now.

- OpenAI must convert to a for-profit by the end of 2025, or it loses $20 billion of the remaining $30 billion of funding. If it does not convert by October 2026, its current funding converts to debt. It is demanding remarkable, unreasonable concessions from Microsoft, which is refusing to budge and is willing to walk away from the negotiations necessary to convert.

- OpenAI does not have a path to profitability, and its future, like Anthropic's, is dependent on a continual flow of capital from venture capitalists and big tech, who must also continue to expand infrastructure.

Anthropic is in a similar, but slightly better position — it is set to lose $3 billion this year on $4 billion of revenue. It also has no path to profitability, recently jacked up prices on Cursor, its largest customer, and had to put restraints on Claude Code after allowing users to burn 100% to 10,000% of their revenue. These are the actions of a desperate company."

https://www.wheresyoured.at/the-haters-gui/

#AI#GenerativeAI#OpenAI#Anthropic#ChatGPT#Claude#AIBubble#AIHype#SoftBank#StarGate
Miguel Afonso Caetano
@remixtures@tldr.nettime.org  ·  activity timestamp last month

"- OpenAI and Anthropic both lose billions of dollars a year after revenue, and their stories do not mirror any other startup in history, not Uber, not Amazon Web Services, nothing. I address the Uber point in this article.

- SoftBank is putting itself in dire straits simply to fund OpenAI once. This deal threatens its credit rating, with SoftBank having to take on what will be multiple loans to fund the remaining $30 billion of OpenAI's $40 billion round, which has yet to close and OpenAI is, in fact, still raising.

- This is before you consider the other $19 billion that SoftBank has agreed to contribute to the Stargate data center project, money that it does not currently have available.

- OpenAI has promised $19 billion to the Stargate data center project, money it does not have and cannot get without SoftBank's funds.

- Again, neither SoftBank nor OpenAI has the money for Stargate right now.

- OpenAI must convert to a for-profit by the end of 2025, or it loses $20 billion of the remaining $30 billion of funding. If it does not convert by October 2026, its current funding converts to debt. It is demanding remarkable, unreasonable concessions from Microsoft, which is refusing to budge and is willing to walk away from the negotiations necessary to convert.

- OpenAI does not have a path to profitability, and its future, like Anthropic's, is dependent on a continual flow of capital from venture capitalists and big tech, who must also continue to expand infrastructure.

Anthropic is in a similar, but slightly better position — it is set to lose $3 billion this year on $4 billion of revenue. It also has no path to profitability, recently jacked up prices on Cursor, its largest customer, and had to put restraints on Claude Code after allowing users to burn 100% to 10,000% of their revenue. These are the actions of a desperate company."

https://www.wheresyoured.at/the-haters-gui/

#AI#GenerativeAI#OpenAI#Anthropic#ChatGPT#Claude#AIBubble#AIHype#SoftBank#StarGate
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp last month

Mizuho Financial Group said Friday that it has signed a strategic partnership agreement with SoftBank to introduce cutting-edge artificial intelligence to streamline operations and improve customer service. https://www.japantimes.co.jp/business/2025/07/18/tech/mizuho-ai-partner-softbank/?utm_medium=Social&utm_source=mastodon #business #tech #softbank #mizuho #tech #ai
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp last month

Debt bankers and investors are bracing for what is shaping up to be the next big trend in the global credit market: Japan Inc. raising billions abroad, with a string of recent megadeals setting the tone. https://www.japantimes.co.jp/business/2025/07/17/companies/japan-firms-credit-sales-overseas/?utm_medium=Social&utm_source=mastodon #business #companies #debt #bonds #ntt #softbank #nissan #japaneseeconomy
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp last month

SoftBank founder Masayoshi Son and OpenAI chief Sam Altman see insatiable demand for AI that makes it imperative to keep building ever more computing capacity. https://www.japantimes.co.jp/business/2025/07/16/companies/masayoshi-son-sam-altman-ai/?utm_medium=Social&utm_source=mastodon #business #companies #softbank #openai #ai #tech