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Masayoshi Son originally envisioned a $1T industrial city the size of Los Angeles in the Arizona desert.
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SoftBank had already invested significantly in data centers before this new deal was announced.
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SoftBank, OpenAI and Oracle committed to invest $100B in AI infrastructure, but the latter two firms have since moved forward with large deals without SoftBank.
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The digital infrastructure investor has $108B in assets under management and is trading on public markets at a valuation under $3B amid AI bubble fears.
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SoftBank and Autonomous Solutions Inc. formed a JV to scale ASI’s AI-enabled construction equipment company.
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Investors say the growth-at-all-costs model demonstrated by SoftBank Vision Fund adds so much risk to the market its involvement alone throws up a red flag.
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Lendlease is moving into the U.S. market by leveraging its existing relationship with Softbank.
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Though talks have not been finalized, multiple outlets have reported that SoftBank and The We Company have come to a buyout agreement worth up to $8B.
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A real estate startup with designs on being a tech company expanded rapidly thanks to investment from SoftBank, and is now in turmoil. This time it's Compass.
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The Special Committee for The We Company Board of Directors filed a suit asking the court to force the deal through.
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