Softbank

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  • SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon

    SoftBank gave $170m to a social app whose users mostly didn't exist

    Back in 2021, Japanese investment giant SoftBank led a little-known social media app called IRL to unicorn status and an overall valuation of $1.17 billion by investing over $170 million. Well, it just turned out that the app completely made up its user numbers, admitting that 95 percent of its purported 20 million user base was fake.

    Lawrence Bonk
    06.27.2023
  • A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration

    ARM registers for US initial public offering

    ARM registered for US stock market listing on Saturday, setting the stage for the most important IPOs in recent memory.

    Igor Bonifacic
    04.30.2023
  • Cruise

    GM to buy out SoftBank's stake in Cruise self-driving unit

    It's buying out SoftBank for $2.1 billion and making an additional $1.35 billion investment.

    Mariella Moon
    03.19.2022
  • Renovation interior improvement concept. Funny toy computer decorator with paint roller buckets.

    Why every robot needs a spiffy hat

    Tomorrow's robotic workforce will be just like us, putting their robo-pants on one leg at a time.

  • Prague, Czech republic - February 1, 2019: The Robot consultant with digital tablet in Prague airport in Czech republic. The robot is making multi-lingual announcement

    SoftBank reportedly stopped the production of its Pepper robots last year

    We may have to say farewell to SoftBank's adorable humanoid robot Pepper.

    Mariella Moon
    06.28.2021
  • Leica Leitz Phone 1

    Leica's very own Leitz Phone 1 is a rebadged Sharp Aquos R6

    The Leitz Phone 1 is Leica's first self-branded mobile phone, and it'll be a Softbank exclusive when it launches in July. The camera maker isn't afraid to admit that the Leitz Phone 1 is actually a rebadged Aquos R6.

    Richard Lai
    06.17.2021
  • OneWeb launch

    OneWeb secures funding to launch more than 500 internet satellites

    OneWeb has secured a $400 million investment from SoftBank and Hughes Network Systems.

    Igor Bonifacic
    01.15.2021
  • Hyundai

    Hyundai confirms its $1.1 billion acquisition of Boston Dynamics

    Boston Dynamics is now officially part of Hyundai Motor Group. The Korean conglomerate has struck a deal with Softbank to acquire a controlling interest — an 80 percent stake — in the robotics company for $1.1 billion. According to their announcement, Hyundai decided to purchase a controlling stake in the robotics firm, because it “possesses multiple key technologies for high-performance robots equipped with perception, navigation, and intelligence.”

    Mariella Moon
    12.11.2020
  • Boston Dynamics

    SoftBank has reportedly sold Boston Dynamics to Hyundai

    Hyundai Motors is acquiring Boston Dynamics, according to The Korea Economic Daily. The publication says Softbank has agreed to sell the robot maker for 1 trillion won (US$917 million) and that the acquisition will be finalized at a board meeting today, December 10th. Boston Dynamics is known for its nightmare-inducing (or oddly adorable, depending on your perspective) robotic dog Spot, which it started selling in mid—2020 for $75,000.

    Mariella Moon
    12.10.2020
  • A robot from Boston Dynamics walks around the stage at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019.    REUTERS/ Mike Blake

    Hyundai is reportedly in talks to buy Boston Dynamics

    Hyundai may be the next owner of Boston Dynamics, the company behind the Spot robot dog.

  • The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017.  REUTERS/ Mike Blake

    SoftBank is reportedly close to selling ARM to NVIDIA

    SoftBank is said to be close to a deal to sell ARM to NVIDIA for a whopping $40 billion, shaking up the chip industry.

    Jon Fingas
    09.12.2020
  • Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during a news conference in Tokyo, Japan, on Wednesday, Feb. 12, 2020. SoftBanklost money in its Vision Fund, the Japanese company posted a record. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images)

    SoftBank is in talks to sell ARM (at a time when ARM chips matter)

    Would an NVIDIA-owned ARM maintain its neutrality?

    Daniel Cooper
    08.11.2020
  • TOKYO, JAPAN - JULY 20:  SoftBank Group Corp. Chief Executive Officer Masayoshi Son, left, shakes hands with ARM Holdings Plc Chief Executive Officer Simon Segars during the SoftBank World 2017 conference on July 20, 2017 in Tokyo, Japan. With 70 speeches and sessions, the annual business event hosted by SoftBank, Japan's multinational telecommunications and internet company, takes place for 2 days until July 21. (Photo by Tomohiro Ohsumi/Getty Images)

    ARM wants to transfer its IoT divisions to Softbank so it can focus on chips

    ARM announced a plan to spin off its two IoT divisions and transfer them to Softbank, which bought the chip designer back in 2016.

    Igor Bonifacic
    07.07.2020
  • This picture taken on June 16, 2020 shows Japan's Fugaku supercomputer at the Riken Center for Computational Science in Kobe, Hyogo prefecture. - The Fugaku supercomputer, built with government backing and used in the fight against the COVID-19 coronavirus, is now ranked as the world's fastest, its developers announced on June 22, 2020. (Photo by STR / JIJI PRESS / AFP) / Japan OUT (Photo by STR/JIJI PRESS/AFP via Getty Images)

    ARM chips are inside the world's most powerful supercomputer

    Japan's Fugaku supercomputer, which the country built using ARM processors, is now the world's most powerful supercomputer in the world.

    Igor Bonifacic
    06.22.2020
  • Alastair Westgarth/Loon, Medium

    Alphabet's Loon, telecoms unite to boost high-altitude internet

    Alphabet's Loon just got a big boost from telecoms in its bid to provide high-altitude internet to the world. The company has partnered with several industry giants to form the HAPS Alliance, a group devoted to promoting the use of stratospheric vehicles for internet access. Most of the allies are telecoms like Deutsche Telekom, SoftBank, Bharti Airtel, China Telecom and Telefonica, although the group also includes a diverse range of equipment makers like Airbus, AeroVironment, Ericsson, Intelsat and Nokia.

    Jon Fingas
    02.22.2020
  • HAPSMobile

    Alphabet's Loon turned a stratospheric aircraft into an internet drone

    Alphabet's Loon is known for its internet balloons, but it worked on an entirely balloon-less project as part of its partnership with Softbank's HAPSMobile. The two formed "a long-term strategic relationship" in April 2019, with HAPSMobile investing $125 million in the Alphabet company. Now, the partners have announced that they've successfully designed and developed a communications payload for HAPSMobile's solar-powered stratospheric unmanned aircraft system, the HAWK30.

    Mariella Moon
    02.06.2020
  • ASSOCIATED PRESS

    WeWork may have found its new CEO: T-Mobile's John Legere

    WeWork's series of trials and tribulations has been one of the biggest business stories of the last few months. Co-founder Adam Neumann exited as CEO in September, then SoftBank bought a majority stake in the troubled co-working company after WeWork's failed attempt at an IPO. WeWork might already have a new chief executive lined up, though: T-Mobile CEO John Legere, whom the Wall Street Journal reported is in talks to take over.

    Kris Holt
    11.11.2019
  • Smith Collection/Gado via Getty Images

    GM's self-driving unit is close to receiving a $2.25 billion boost

    It took more than a year, but GM's self-driving company is close to receiving a giant cash infusion. Cruise Automation confirmed to Reuters that the Committee on Foreign Investment in the US (CFIUS) had approved SoftBank's $2.25 billion investment in the driverless tech company. SoftBank will have a spot on Cruise's board as a result of the deal. However, a Reuters source claimed that SoftBank wouldn't have access to the technology itself -- a condition CFIUS reportedly set out over concerns that the Japanese firm's investments in Chinese tech would compromise American trade secrets.

    Jon Fingas
    07.06.2019
  • Engadget

    Five automakers back Toyota's and Softbank's self-driving business

    Tech companies and automakers have been setting differences aside and merging forces in hopes of getting themselves a piece of the self-driving pie as early as possible. Late last year, Toyota and Softbank teamed up to establish a joint venture called Monet. Now, their partnership is getting a boost from five new allies: Japanese automakers Isuzu, Suzuki, Subaru, Daihatsu (Toyota's compact car division) and Mazda. The companies are joining Honda and Hino Motors, other automakers that also chose to back the project.

    Mariella Moon
    06.28.2019
  • ASSOCIATED PRESS

    Uber's self-driving unit gets its own CEO and a $1 billion investment

    As Uber finally closes in on its IPO, its self-driving car unit is getting a big cash infusion and some independence. The company announced tonight that Toyota, Denso and Softbank are investing a total of $1 billion in its Advanced Technologies Group (Uber ATG), in a deal that values that part of the company at $7.25 billion. This adds onto Toyota's $500 million investment last year, which the two said would lead to the creation of an autonomous fleet based on Toyota's Sienna minivan. So far, many of the big car companies are teaming up to develop autonomous tech combined with ridesharing angles as it's expected to be a huge market in the next few years. According to Uber CEO Dara Khosrowshahi, "The development of automated driving technology will transform transportation as we know it, making our streets safer and our cities more livable. Today's announcement, along with our ongoing OEM and supplier relationships, will help maintain Uber's position at the forefront of that transformation." In the statement Toyota EVP Shigeki Tomoyama said "Leveraging the strengths of Uber ATG's autonomous vehicle technology and service network and the Toyota Group's vehicle control system technology, mass-production capability, and advanced safety support systems, such as Toyota Guardian™, will enable us to commercialize safer, lower cost automated ridesharing vehicles and services." The deal won't close until Q3, which should be well after Uber's initial public offering that's on track to occur in May. It's also being announced after Arizona prosecutors announced they did not find the company criminally liable for a 2018 self-driving car crash that killed a pedestrian. The deal makes Uber ATG its own corporate entity that's controlled by Uber. Reuters reports that it has ATG head Eric Meyhofer as CEO reporting to a newly-formed board of directors, with six appointed by Uber, one by Toyota and one by Softbank.

    Richard Lawler
    04.18.2019