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Softacom CEO predicted that Artificial General Intelligence (AGI) would be realized within the next decade. Masayoshi Son, the founder and CEO of SoftBank Group Corp (TYO: 9984), has advised businesses in Japan to embrace the potential of Artificial Intelligence (AI) and called for early adoption. Son delivered the statement while speaking
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Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California for their links to the now-bankrupt crypto exchange FTX.The lawsuit, filed on Aug.7, alleged
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Vision Fund, SoftBank’s tech investment arm, posted a loss of 4.3 trillion yen for its fiscal year that ended March 31st. SoftBank sustained a $32 billion record loss for its Vision Fund tech investment arm amid a challenging period for tech stocks. For its fiscal year ending March 31st, the Japanese investment holding company’s
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With the growth of artificial intelligence (AI) amid the booming blockchain technology Arm is assured of a growing semiconductor market. A subsidiary of SoftBank Group Corporation (LON: 0R15), Arm Ltd., is reportedly working on its advanced prototype semiconductor. In a bid to attract customers and investors ahead of its Initial Public
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SoftBank & Ant Group previously offered to sell their Paytm stakes to Bharti Airtel founder-chairman Sunil Mittal. Japan’s SoftBank Group Corp and China’s Ant Group currently seek to offload their stakes in Indian digital payments firm Paytm. According to reports, the duo is discussing the secondary sale of said stakes in the open market. SoftBank and Ant
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In the next batch of validators, four more companies will be joining the network, bringing the total to 25. Original Source
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Launched in March, investors in the Growth Equity III Fund included Deutsche Telekom and Japanese conglomerate SoftBank along with institutional investors such as pension funds and family offices. DTCP will continue raising capital, and the fund is targeted to close to new investments in 2023, according to the press release. Source
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SoftBank, a Japanese conglomerate that has invested in crypto companies, reported a record quarterly loss of $23.4 billion. The company attributed the loss to the global tech stock sell-off and rapid fall of the yen, according to an earnings presentation. Source
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InfStones offers an Amazon Web Services-like node management platform and application programming interface (API) for Web 3 developers. The platform provides access to protocol consensus and proof-of-stake staking benefits, plus the ability to run validator nodes, access on-chain data and build multi-chain decentralized applications. InfStones supports nodes on BNB Chain,
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"Giving people the tools to design their own metaverses at the scale that Improbable enables, with Web 3 interoperability and composability to expand on each other’s creations, will result in some truly groundbreaking virtual experiences,” said Chris Dixon, general partner at Andreessen Horowitz, in the press release. Source
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