HOLD March 27 9 a.m. ET SoftBank Telecom Successfully Uses SandboxAQ’s AQtive Guard to Identify Undetected Security Vulnerabilities in Existing IT Infrastructure

2024-04-11 03:17 PM by Wanda Parisien

Insider Brief SandboxAQ announced today the successful deployment of its AQtive Guard cryptography management platform. The company reports it was deployed at the Advanced Research Group of the telecommunications giant SoftBank Co., Ltd. in Tokyo, Japan. SoftBank Telecom plans to deploy AQtive Guard as part of its ongoing transition to post-quantum cryptography (“PQC”). PRESS RELEASE …

Internet of Things (IoT) Telecom Services Market set to

2024-02-26 11:39 AM by Tyler Fields

Covina, Feb. 26, 2024 (GLOBE NEWSWIRE) — “According to the recent research study, the Internet of Things (IoT) Telecom Services Market size was valued at about USD 14.5 Billion in 2024 and expected to grow at CAGR of 31.80% to extend a value of USD 228.9 Billion by 2034.” What is Internet of Things (IoT) …

Paytm: Warren Buffett-led Berkshire Hathaway exits Paytm, here’s how much the billionaire made

2023-11-25 12:08 PM by Alex Smith

Berkshire Hathaway, the investment firm billionaire Warren Buffet, has sold its entire 2.46 per cent stake in One97 Communications, the parent company of fin-tech company Paytm, for Rs 1,371 crore. The sale was made through an open market transaction, in which BH International Holdings, an affiliate of Berkshire Hathaway, offloaded over 1.56 crore shares of …

Ex-Apple design chief discussing AI hardware with OpenAI

2023-09-29 11:26 AM by Alex Smith

Apple’s former design guru Jony Ive is reported to be in talks with prominent AI startup OpenAI to create what’s being dubbed as “the iPhone of artificial intelligence.” And if you think that sounds like pie in the sky, then take note: The project could be bankrolled to the tune of $1 billion by Japanese …

Ola Electric Plans to File Paperwork for Its $700 Million IPO by End of October: Details

2023-09-20 06:22 PM by Alex Smith

Ola Electric Plans to File Paperwork for Its 0 Million IPO by End of October: Details

India’s Ola Electric plans to file regulatory papers for its up to $700 million (roughly Rs. 5,815 crore) IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore’s Temasek and Japan’s SoftBank, Ola Electric was valued at $5.4 billion (roughly …

Softbank reportedly plans to invest in ChatGPT-maker and other AI firms

2023-09-18 11:54 PM by Alex Smith

SoftBank is eyeing to invest big in artificial intelligence, with a potential investment in OpenAI being one of the many deals they are considering. Financial Times, citing insiders, reports that Masayoshi Son, the founder and CEO of the Japanese conglomerate, is planning to invest tens of billions of dollars in AI after the completion of …

SoftBank-Backed Chip Firm Arm Said to Meet Investors Ahead of IPO: Details

2023-09-01 10:40 AM by Alex Smith

Arm Holdings plans to launch its roadshow for investors after Labor Day, as the chip designer prepares for its much-anticipated initial public offering (IPO) in September, according to people familiar with the matter. Arm, owned by SoftBank Group, is expected to set a price range for its offering next week, the sources said, adding the …

Swiggy Said to Have Initiated Talks for IPO Plans, Eyes Stock Listing in 2024

2023-08-25 11:53 PM by Alex Smith

Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also groceries, was valued at $10.7 …

Softbank in talks to buy Vision Fund’s stake in chip designer Arm

2023-08-14 09:11 PM by Alex Smith

SoftBank is currently engaged in negotiations to acquire the remaining 25% stake in Arm from Vision Fund 1. This $100 million fund, launched in 2017, aims to win over investors who have been patiently waiting for the fund to turn a profit. Sources reveal that if these negotiations are successful, SoftBank will provide immediate financial …

Apple, Samsung, Nvidia and Intel to Invest in SoftBank Group-Owned Chip Firm Arm at IPO: Report

2023-08-09 12:50 AM by Alex Smith

Apple and Samsung Electronics are preparing to invest in Arm, a chip designer owned by SoftBank Group, during its upcoming initial public offering (IPO) scheduled for September, according to Japan’s Nikkei newspaper. Back in June, Reuters reported that Arm was engaged in discussions with around ten companies, including Apple, Samsung, and Intel, with the intention …