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#Masayoshi Son

2 stories taggedMasayoshi Son.

A vast, modern glass-and-steel financial district skyline at dawn, shot from street level looking upward, warm gold light catching the upper floors of anonymous
AI Business

SoftBank borrowed $11.1 billion to close its $30 billion OpenAI bet

The Japanese tech investor sold bonds in two currencies to fund the final payment on a deal that will make it OpenAI's largest outside backer, with a 13% stake.

3 min read
A polished aluminium hardware device sitting on a stark white surface, partially covered by a large manila legal envelope, shot from a slightly elevated angle i
AI Business

SoftBank's Intel bet pays off big, but OpenAI goes quiet on the books

The Japanese investment giant posted a $2.2 billion profit for the June quarter, well above forecasts. A huge gain on Intel shares did the heavy lifting. OpenAI, which SoftBank has pumped $55 billion into, added nothing this time.

3 min read
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