thenextweb
SoftBank’s PayPay pushes into insurance with a 70.2% T&D Life stake

The SoftBank-backed payments app is taking a 70.2% stake in T&D Financial Life, its most capital-intensive move yet from payments into full financial services. PayPay is buying its way into life insurance. The SoftBank-backed payments company has agreed to acquire a 70.2% stake in T&D Financial Life Insurance from T&D Holdings for roughly ¥134.3bn, about […]<br /> This story continues at The Next Web [...]

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California regulators threaten to revoke Tesla's insurance license for mishandling claims

Tesla launched its own auto insurance options for California customers back in 2019, but it may soon lose its authorization to do just that. The California Department of Insurance (CDI) issued enforce [...]

Match Score: 96.18

thenextweb
SoftBank and PayPay said to be in talks to invest in Seven & i

Japan’s biggest payments app and its most famous convenience-store chain may be about to get closer. SoftBank and its payments arm PayPay are in talks to invest in Seven & i Holdings, the retail [...]

Match Score: 95.95

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SoftBank's acquisition of AI chip designer Ampere may be facing an FTC probe

SoftBank's $6.5 billion acquisition of AI-chip designer Ampere is facing an in-depth US government probe that may delay the deal, according to Bloomberg. The Federal Trade Commission (FTC) has op [...]

Match Score: 84.32

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SoftBank is buying ex-Intel president Renee James' chip design company for $6.5 billion

In case you need further evidence that companies involved in AI chip manufacturing are looking to give themselves whatever edge they can, SoftBank is adding to its institutional expertise by buying fo [...]

Match Score: 60.29

thenextweb
SoftBank wants to borrow $10 billion against its OpenAI stake. The spread tells you what the banks think.

Summary: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares at SOFR + 425 basis points (~7.88%), a two-year term with one-year extension. The loan sits atop a $40 billion bridge [...]

Match Score: 55.90

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OpenAI and Softbank team up for a $500 billion AI data center venture

OpenAI will build and open AI infrastructure worth $500 billion in the United States over the next four years in partnership with SoftBank. The two entities have teamed up to establish a new company c [...]

Match Score: 48.07

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OpenAI pushes ahead with Stargate as SoftBank remains absent from data center development

The Stargate project - a joint initiative from OpenAI and SoftBank meant to overhaul the US AI infrastructure - is barely moving forward.<br /> The article OpenAI pushes ahead with Stargate as S [...]

Match Score: 46.99

Destination
Softbank seeks record $40 billion loan to fund OpenAI stake

A $40 billion loan for a single bet on OpenAI. Softbank is taking what the AI industry has been doing for a while to its logical extreme: financing the boom on credit.<br /> The article Softbank [...]

Match Score: 45.92

thenextweb
SoftBank seeks a second $10bn loan against its OpenAI stake

SoftBank is seeking a further $10bn loan to fund its OpenAI stake, Bloomberg reported on Friday. It closed a loan of exactly that size, secured against the same asset, 22 days earlier. TNW has not ind [...]

Match Score: 45.92