Streetbeat News

SFTBY

SoftBank Group Corp.

https://group.softbank/

Open

27.68

Mkt cap

81B

Volume

25K

High

28.00

P/E Ratio

5.86

52-wk high

37.19

Low

27.68

Div yield

0.01

52-wk low

19.24

Softbank is reportedly considering a U.S. listing for its PayPay payments business, according to Reuters.

Portfolio Pulse from Charles Gross

July 12, 2023 | 8:44 am

This week in AI saw predictions of AI surpassing human intellect by SoftBank Group's CEO, Masayoshi Son, and the integration of AI in wearable technology and the financial market. A smart home robot using ChatGPT from OpenAI was launched, and Goldman Sachs provided insight into the transformative potential of generative AI on U.S. equities. German Bionic is using AI in exoskeletons to assist workers, and Cronos Labs announced a partnership with Protocol Labs to drive the adoption of Web3 technologies.

Portfolio Pulse from Benzinga Newsbot

July 08, 2023 | 11:26 am

SoftBank Group Corp has joined a $170 million funding round for Tokyo-based robot maker Telexistence Inc. The funds will be used to expand to the U.S. and increase headcount. Telexistence will enter a strategic partnership with SoftBank Robotics Group Corp to commercialize its robots in North America. The company already collaborates with Microsoft Corp and Nvidia Corp. Foxconn is investing via a joint fund set up with CTBC.

Portfolio Pulse from Anusuya Lahiri

July 06, 2023 | 12:55 pm

Masayoshi Son, CEO of SoftBank Group, predicts a future where artificial intelligence (AI) surpasses human intellect and is applied in every industry. He urged Japan not to get distracted by minor issues like electricity efficiency in AI development, as it could cause the country to lag in the global AI race.

Portfolio Pulse from Benzinga Newsbot

July 04, 2023 | 10:20 am

SoftBank Group CEO Masayoshi Son announced the company is shifting from 'defense mode' to 'offense mode' to capitalize on the AI revolution. SoftBank has built its cash reserves to $35.3 billion and is preparing for the IPO of Arm, a U.K.-based chip design firm.

Portfolio Pulse from Benzinga Newsbot

June 21, 2023 | 4:24 am

SoftBank Group Corp (OTC:SFTBY) plans to sell stakes in Indian startups Paytm and Zomato following a recent rally in their share prices. The company intends to sell shares gradually in smaller tranches on the open market. SoftBank holds an 11.17% stake in Paytm and 3.4% in Zomato.

Portfolio Pulse from Arpit Nayak

June 16, 2023 | 8:34 am

SoftBank plans layoffs at its Vision Fund investment arm, potentially impacting up to 30% of employees. The company is also in talks to get Intel as a key investor for Arm Ltd's IPO.

Portfolio Pulse from Lekha Gupta

June 13, 2023 | 9:32 am

Visa is in advanced talks to acquire Brazilian cloud-based payment and banking platform provider Pismo, with a potential deal announcement by June. The acquisition is worth $1 billion, and Pismo had previously raised $108 million from investors including SoftBank and Amazon.

Portfolio Pulse from Anusuya Lahiri

June 09, 2023 | 11:43 am

Daiwa Securities Group has allowed nearly 9,000 employees in Japan to use AI-powered chatbot ChatGPT, aiming to streamline retail business and improve efficiency. Other financial institutions, such as Deutsche Bank, JP Morgan, Softbank Group, and Mitsubishi UFJ Financial Group, are also exploring AI applications.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 11:42 am

Qualcomm Inc (NASDAQ:QCOM) stock traded higher on Tuesday, in sympathy with Nvidia Corp (NASDAQ:NVDA), due to the AI rally. Qualcomm is transitioning into an 'intelligent edge computing' firm and has shipped 2 billion AI-capable products to date. The company expects the inventory glut to ease by Q3 or Q4 of 2023.

Portfolio Pulse from Anusuya Lahiri

May 30, 2023 | 1:06 pm

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