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SOFTBANK ALIBABA INVESTMENT RETURNS SUCCESS STORY
SoftBank invested $20 million in Alibaba in 2000. 14 years later, that tiny stake was worth more than $50 billion after its blockbuster IPOIn 2000, SoftBank’s Masayoshi Son invested $20 million in Alibaba, the Chinese online marketplace founded by Jack Ma. The company had littl...- Meet Gunnar Lovelace, who faced rejection from 50 venture capital firms, kept building Thrive Market, raised over $160 millionLovelace and Green faced doubts about whether they could compete in the grocery industry. Lovelace had earlier said that investors question...
- Meet Arlan Rakhmetzhanov, young entrepreneur whose first AI product failed, his startup Nozomio later raised $6.2 millionRakhmetzhanov is the founder of Nozomio, an AI startup that has changed its focus since its early days. He launched an education technology...
- SoftBank seeks $100 billion from Gulf states for AISoftBank Group Corp. is in discussions to raise up to $100 billion from Gulf investors for future AI investments. Founder Masayoshi Son has...
- How two Australian brothers-in-law turned a garage wine business into a $50 million company in 5 yearsTwo Australian brothers-in-law started selling wine from a garage in Adelaide in 2011. By 2016, their company, Vinomofo, had reached $50 mi...
- Meet Chris Camillo, self-taught investor who put $20,000 into stocks in 2007; 3 years later, his portfolio had topped $2 millionApart from being an investor, author, and entrepreneur, Chris Camillo is also known for developing an investment approach called social arb...
- Tencent mulls $5 billion bond sale to push AI ambitions: Bloomberg NewsTencent is exploring the possibility of raising as much as $5 billion through an offshore bond sale this month. This potential move comes o...
- Meet Brian Acton, WhatsApp co-founder who was rejected for job by Facebook in 2009, tech giant later acquired messaging app for up to $19 billionActon never gave up and moved forward despite rejections during his career. No one knew that a rejection will soon become the reason behind...
- Snapdeal parent AceVector lists at 12% discountAceVector'sRs 420 crore IPOcomprised Rs 287 crore in fresh capital and a Rs 133 crore offer-for-sale (OFS) component in which investors, in...
- Menlo Ventures on AI slowdown; Ola Electric CEO pledges stakeHappy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This an...
- Listed startups unlock Rs 25,000 crore for VC, PE investorsAn ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investor...
- SoftBank’s Masayoshi Son has rare cautionary note on AI safetyIn a recent statement, Masayoshi Son underscored the critical importance of international unity in managing the safety risks associated wit...
- Investors’ bets on Ola shrink as EV, ride-hailing businesses lose groundAs competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuat...
- OpenAI sacks 3 researchers over leaking 'sensitive' info, ChatGPT maker alerts over 100 organizations about rogue AI agent activityChatGPT maker has been conducting a broad review of the activities of its AI models after the accidental hacking of Hugging Face. OpenAI is...
- SoftBank completes final phase of $30 billion investment in OpenAISoftBank Group said on Thursday it has completed its $30 billion investment in OpenAI as part of its commitment to the ChatGPT maker's last...
- SoftBank's growing bets on AI and semiconductor assetsFounder and Chief Executive Masayoshi Son is aiming to establish SoftBank as the world's leading AI platform with investments across the se...
- SoftBank taps bond market for $11.1 billion to fund AI betsSoftBank has raised $11.1 billion through dollar- and euro-denominated bonds to fund its artificial intelligence investments, including the...
- SoftBank issues $11.1 billion in bonds in OpenAI financing pushTechnology investor SoftBank Group has issued a total of $11.1 billion in dollar- and euro-denominated bonds, a filing showed on Thursday, ...
- SoftBank taking orders for $10 billion in bonds to fund OpenAI investment, term sheet showsSoftBank Group Corp is taking investor orders for a $10 billion dollar bond deal to help fund its OpenAI investments, according to a term s...
- Global Market: SoftBank launches $10 billion bonds to fund OpenAI investmentSoftBank Group is raising $11 billion through dollar- and euro-denominated bonds to fund its $10 billion investment in OpenAI, replacing br...
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