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OpenAI buys back $7 billion of employee shares in tender offerThe ChatGPT maker bought back shares from current and former employees rather than tapping outside investors for the tender offer. The deal...
Meta apologises over lapses; Ola Electric shares surgeMeta apologised for lapses on its platforms during a meeting with IT Secretary S Krishnan. This and more in today's ETtech Top 5.
SoftBank-backed OfBusiness is said to explore reviving IPOBeyond SoftBank, backers also include Tiger Global Management, Norwest Venture Partners, Matrix Partners, and Falcon Edge Capital, accordin...
SoftBank-backed OfBusiness revives IPO plans, eyes up to $800 million issueSoftBank-backed OfBusiness is reviving its IPO plans, aiming to raise up to $800 million through a mix of fresh issue and offer for sale am...
- Anthropic inks $10 billion computing deal with new cloud startup Volta Infra
Anthropic has secured ten billion dollars in computing capacity from Volta Infra Holdings. This deal aims to meet the growing demand for An...
InMobi appoints JPMorgan, Jefferies for nearly $1 billion IPOThe SoftBank Group Corp.-backed firm is likely to seek a valuation of $5 billion to $6 billion in a share offering, Bloomberg News reported...
MDR on UPI on the cards; Emergent enters unicorn clubThe government is mulling restoring MDR on UPI transactions for large merchants. This and more in today’s ETtech Morning Dispatch.
Hyundai Motor to buy SoftBank's remaining stake in Boston DynamicsHyundai Motor Group is acquiring SoftBank's stake in Boston Dynamics. This move aims to integrate advanced robotics into Hyundai's manufact...
SoftBank, fintech firm PayPay in talks to invest in retail giant Seven & i: ReportThe investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may also ...
SoftBank completes second $10 billion tranche of its $30 billion OpenAI investmentSoftBank has injected another $10 billion into OpenAI, part of a larger $30 billion commitment. This significant investment, funded by a br...
OpenAI weighs IPO in 2027 after expected Anthropic public debutAI giant OpenAI is reportedly eyeing a 2027 initial public offering, potentially after rival Anthropic. Both companies have confidentially ...
SoftBank launches cybersecurity product based on OpenAI modelsThe "Patching as a Service" product will be rolled out in Japan through a joint venture established â last â November between SoftBank's dome...
SoftBank set to dethrone Toyota as Japanâs most valuable companyShares of the Masayoshi Son-led technology group climbed as much as 10% in Tokyo trading Monday, as AI-related shares climbed across the re...
SoftBank sinks 10% â did selling Nvidia to fund a cash furnace just backfire big?SoftBank’s shares fell 10% after it sold all its Nvidia stock to fund new AI projects. The company is betting big on artificial intelligenc...
SoftBank reaps $33 billion Coupang windfallShares of Coupang opened 81% above their offer price on Thursday, after the company raised $4.6 billion in the US stock market's biggest in...
SoftBank posts Q3 profit gain as Vision Fund ralliesThe earnings mark a sea change from a year earlier when high profile misses such as the flopped IPO of office sharing firm WeWork and the C...
SoftBank reports 12% rise in Q1 net profit, doesn't disclose operating profitNet profit was 1.3 trillion yen ($12.3 billion) in the April-June quarter after the group booked a gain following the merger of U.S. wirele...