SoftBank Reportedly to Book $1.87 Billion Profit on IPOs
Japanese technology investor SoftBank Group is expected to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, November 12.
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Chipmaker Kioxia Files for IPO
Bain Capital-backed Kioxia filed for an initial public offering (IPO) of shares last Friday, November 8th.
China Warns Japan of Consequences for Possible New Chip Restrictions
China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.
Japan’s Economy Bounces Back
The Japanese economy showed growth in the second quarter of the current year.
SoftBank Announces $3.4 Billion Buyback
SoftBank Group Corporation announced a share buyback worth up to 500 billion yen ($3.4 billion).
SoftBank Reportedly to Log Small Profit
The media, citing expert opinions, report that SoftBank Group Corp. will report a small profit.
Japanese Stocks Rebound From Crash
On Tuesday, August 6, in Japan, local stock indexes showed significant growth, partially offsetting the drop a day earlier that became a historical negative record.
UBS Says About Current Condition of Japanese Market
Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, said during a conversation with media representatives that currently going into the Japanese market in terms of symbolic comparison with other actions is similar to catching a falling knife.
Japanese Stocks Demonstrate Rapid Fall
On Monday, August 5, Japanese stock indexes showed a drop in price of such a scale that corresponds to the concept of historical losses and does not belong to the category of moderate decline, which is not critical.
SoftBank Stock Hits Record High
The value of shares of the Japanese SoftBank Group reached an all-time high on Thursday, July 4.
SoftBank CEO Predicts AI to Surpass Significantly Human Mind in 10 Years
SoftBank CEO Masayoshi Son on Friday, June 21, during a rare public appearance, said that artificial intelligence, which in terms of cognitive abilities is 10,000 times greater than the capabilities of the human mind, will emerge, in his opinion, in 10 years.
Japan’s GDP Falls
The Japanese economic system was on a downward trajectory in January-March of the current year, but in this case, the pace of decline turned out to be less than the initial expectations for the dynamic of the corresponding indicator due to an upward revision of data on capital spending and inventories.
Bank of Japan Signals Room for Interest Rate Hikes
Governor of the Bank of Japan Kazuo Ueda and his deputy said that after this Asian country shifted away from the 0% inflation norm, opportunities for a gradual increase in interest rates were formed.
Japan’s Economy Contracts
During the first quarter of the current year, Japan’s economy contracted.
SoftBank Reportedly to Invest Nearly $1 Billion in AI Push
The Japanese technology conglomerate SoftBank intends to develop a generative artificial intelligence model for the Japanese language.
Softbank Reportedly Considers Investing in Mistral AI
The media reported that SoftBank, which is based in Japan, is currently considering investing in the French startup Mistral AI.
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