TOKYO, Nov. 13, 2024 — NVIDIA has announced a series of collaborations with SoftBank Corp. designed to accelerate Japan’s sovereign AI initiatives and further its global technology leadership while also unlocking […]

The post NVIDIA Supports SoftBank in Building AI Supercomputer, Unveils AI-Driven Telecom Network appeared first on HPCwire.

Vision Funds (SVF1 and SVF2) sold investments totalling $1.85 billion for the six-month period ended September 30

Huang said SoftBank was the first to receive its new Blackwell chip designs

(Telecompaper) SoftBank is slated to receive the world's first Nvidia DGX B200 systems, which will serve as the building blocks for its new Nvidia DGX SuperPOD supercomputer...

(Telecompaper) SoftBank announced a series of collaborations with Nvidia to deploy what they claim is a new kind of telecommunications network that can run AI and...

Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

"Every other telco will have to follow this new wave," SoftBank Group CEO Masayoshi Son said at an AI event where he was speaking alongside Nvidia CEO Jensen Huang.

Billionaires Jensen Huang and Masayoshi Son joke about how SoftBank was once Nvidia's largest shareholder — before dumping its stake. The two are now joining forces on an AI supercomputer. https://trib.al/s6PVLjU -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to…

SoftBank's Japanese telecoms unit will receive the first chips using Nvidia (NASDAQ:NVDA)'s latest Blackwell design for its supercomputer, the California-based chip designer said, as Masayoshi Son looks to ride the artificial intelligence boom. SoftBank (TYO:9984) Corp is also planning to use…

The collaboration comes amid skyrocketing demand for Nvidia chips, as companies scramble to secure supplies.

NVIDIA today announced a series of collaborations with SoftBank Corp. designed to accelerate Japan’s sovereign AI initiatives and further its global technology leadership while also unlocking billions of dollars in AI revenue opportunities for telecommunications providers worldwide.

Dish Network is now engaged in what is something of a tug-of-war with Japan’s Softbank over the future of Sprint. How their deals stack up.

SoftBank’s billionaire founder, Masayoshi Son, had told shareholders in June that he was in favour of a U.S. listing

Chris Lane of Sanford C. Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan.

The post SoftBank’s Son may still have the last laugh on WeWork deal: Bernstein appeared first on DealStreetAsia.

An 80 per cent writedown on The We Co. has delivered some cold hard truths about Son's vulnerability.

The post Should SoftBank’s Masayoshi Son try angel investment? appeared first on DealStreetAsia.

Vision Fund head Rajeev Misra is reportedly looking to raise a multi-billion dollar fund to buy listed stocks.

The post SoftBank’s latest fund wheeze sets off new alarms appeared first on DealStreetAsia.

The Japanese megabank and the Singapore-headquartered superapp get to plug gaps in their businesses.

The post How MUFG’s $700m investment in SoftBank-backed Grab is a three-way shared ride appeared first on DealStreetAsia.

The Japanese conglomerate plans to spend up to $4.8 billion to purchase as much as 7% of its own shares.

The post SoftBank’s share buyback plan is all about getting the timing right appeared first on DealStreetAsia.

Probes by the U.S. Justice Department and the SEC have given SoftBank an excuse to go back and renegotiate a deal with The We Company's existing shareholders.

The post Neumann could be cornered as SoftBank has second thoughts about WeWork appeared first on DealStreetAsia.

SoftBank behaves more like a private equity firm than an angel investor: Its capital is really debt, and it likes to invest in rivals and force them to merge.

The post SoftBank offers glimpse of the pain the private equity world is in appeared first on DealStreetAsia.

SoftBank Group Corp. needs to cut and run on its entire WeWork investment, not just the shares.

The post Another 5b reasons for SoftBank to walk away from WeWork appeared first on DealStreetAsia.

WeWork’s ex-chief sues SoftBank, a popular children’s computer game gets hacked, and IBM’s Think conference goes virtual this week. WeWork cofounder and former chief executive Adam Neumann has filed a suit against Japanese conglomerate SoftBank for abandoning a $3 billion tender offer to the startup’s shareholders. The money is part of a $9.6 billion rescue…

The deal, if successful, will value FirstCry — which retails baby care products both online and offline — at about $800-900 million.

The company, one of the largest in its space, sells just about everything a child and a new mother needs - apparel, footwear, toys, books, feeding & nursing products, soaps, oils, powders, baby monitors, strollers and baby bedding.

• Colombian delivery app Rappi is testing pilot robot deliveries in Colombia.
• Rappi operates in several Latin American countries, and last year SoftBank invested one billion dollars into the startup.
• Deliveries are made using Kiwibot, a delivery robot from a Colombian owned company in California.
• Visit Business Insider's homepage for more stories.

Colombian delivery app Rappi is yet another company turning to robots to reduce reliance on human workers during the coronavirus pandemic. 

In addition to Colombia, Rappi operates in Mexico, Peru, Chile, Uruguay, Argentina, and Brazil. Last spring, SoftBank invested $1 billion — one-fifth of its Innovation Fund for Latin America — in the startup. It was founded in 2015, and other investors include Sequoia Capital, Andreesen Horowitz, and Y Combinator.

Colombia is currently under a lockdown set to end in May, though it may be extended again. Earlier this month, Bloomberg reported on the lack of coronavirus testing throughout Latin America, making it difficult to assess how widespread the virus is in the region.

Like in other countries, the Colombian delivery app is using robots to complete orders at a time when people are at risk of catching the virus from interacting with others. So far, the robots are part of a pilot in Medellin, with potential to expand.

Here's what it looks like. 

SEE ALSO: Nonprofits, truck drivers, food banks, and others are turning to a little-known Google Maps feature to navigate life amid the coronavirus pandemic

Rappi is using robots for deliveries in Medellin, the capital of Colombia.

Typically, Rappi works similarly to GrubHub or DoorDash, with delivery drivers picking up orders and bringing them to customers' doors.

As the coronavirus spread between people, options for contactless delivery became more popular.

Deliveries in the pilot program use Kiwibot robots, from a California company with a Medellin office.

The four-wheeled delivery robots have orange flags to call attention from walkers, drivers, and bikers.

Customers stuck at home because of the coronavirus can order and pay for meals digitally, and then last mile delivery is completed by the robots.

Robots can carry deliveries up to five square inches in size, and are disinfected between orders.

Source: The Star

Kiwibots have a stereo camera system to sense its surroundings as it moves.

The sensor system allows it to react to lights and obstacles.

Kiwibots are equipped with corner recognition, which allows them to create safe paths on sidewalks.

Kiwibot emphasized its robots ability to "seamlessly mesh into the fabric of urban landscapes," with technology like street crossing mode.

Source: Kiwibot

Rappi says it completes about 120 deliveries each day with the 15 robots in the pilot area.

Source: The Star

It plans to run the program until July, and then potentially expand to other cities.

Kiwibots have previously been used for deliveries at colleges including UC Berkeley, and Kiwibot says it has made more than 30,000 deliveries since it started in 2017.

Source: The New York Times

At that price, the IPO would surpass the offering of former national carrier Nippon Telegraph & Telephone in 1987.

SoftBank has set an indicative price of 1,500 yen ($13.23) per share for its initial public offering (IPO), a regulatory filing showed on Friday, making the deal worth 2.4 trillion yen ($21.16 billion) in one of the world’s biggest-ever listings.

Energy Vault, the creator of a new way to perform utility-scale energy storage, announced that SoftBank Vision Fund (Vision Fund) invested $110 million in its Series B funding round. Energy Vault will use the funds to accelerate global deployment of its technology, which enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day, said the company. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors.

Energy Vault, the creator of a new way to perform utility-scale energy storage, announced that SoftBank Vision Fund (Vision Fund) invested $110 million in its Series B funding round. Energy Vault will use the funds to accelerate global deployment of its technology, which enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day, said the company. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors.

Photo from Fredy Builes/VIEWpress via Getty Images) Colombian delivery app Rappi is testing pilot robot deliveries in Colombia. Rappi operates in several Latin American countries, and last year SoftBank invested one billion dollars into the startup. Deliveries are made using Kiwibot, a delivery robot from a Colombian owned company in California. Visit Business...

SoftBank Vision Fund has started to rope in specialists to lead its efforts in China as early as 2018.

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Chehaoduo was valued at over $9 billion after Vision Fund injected $1.5 billion into the firm in February 2019.

The post Car trader Chehaoduo nets $200m from SoftBank Vision Fund, Sequoia China appeared first on DealStreetAsia.

Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports.

In the lawsuit, Neumann accuses Softbank of backing out of a key provision of its nearly $10 billion bailout agreed to in October. Neumann was the biggest beneficiary of the deal that would have seen him cash out $970 million worth of his stake in the coworking startup.

Pandemic puts more pressure on Masayoshi Son’s bet on beleaguered WeWork

Office group founder files lawsuit over largest investor’s decision to pull out of $3bn tender offer

Japanese tech group’s splurge on its own shares is not enough to impress investors

The Japanese tech investment group is looking increasingly challenged

Israeli AI analytics startup Anodot has raised $35 million from Intel Capital, SoftBank Ventures Asia, Samsung NEXT, and La Maison. The company began its fundraising in November 2019, and closed last week amid coronavirus uncertainty."This is a very important day for the company but it's important we are around for the day after," Anodot CEO and cofounder David Drai told Business Insider in an interview. "We are looking to be sensible with our runway but also be on the offense to grow and provide more offerings." Click here for more BI Prime stories.Israeli AI analytics startup Anodot has raised $35 million from Intel Capital, SoftBank Ventures Asia, Samsung NEXT, and La Maison. The company increased the size of its fundraising as a result of the coronavirus.Anodot said it began raising in

DoorDash, led by CEO Tony Xu, did not specify when exactly it plans to go public, but its debut will test the appetite of investors, who have been unforgiving in recent months toward IPOs.

Masayoshi Son, CEO of SoftBank, shared his insights and quoted Yoda, the Star Wars Jedi master, during a conversation with WSJ Editor in Chief Gerard Baker at the CEO Council meeting in Tokyo.

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.