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SoftBank profit jumps, emboldens Son to bet more on OpenAI

The Japan Times

SoftBank Group has reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT-maker. The gains on OpenAI outweighed lackluster investment gains elsewhere in the Tokyo-based technology group's portfolio while war in the Middle East roiled markets. That points to growing reliance on the U.S. startup, which faces rising competition from Anthropic and Google and is reportedly trailing its highest internal targets. SoftBank earned a net income of ¥1.83 trillion ($11.6 billion) in its fiscal fourth quarter, compared with the average analyst estimate of ¥295.2 billion. The profit could be attributed entirely to its booking $25 billion in valuation gains on OpenAI in the quarter, according to Bloomberg Intelligence analyst Kirk Boodry. In a time of both misinformation and too much information, quality journalism is more crucial than ever.


AI robot changes your tires and balances them too

FOX News

Automated Tire, Inc. unveils SmartBay, an AI-powered robotic tire change platform that handles mounting, balancing and inspections with minimal human intervention.


Is ID.me safe to use? What you need to know

FOX News

ID.me is a private identity verification company used across U.S. government sites. Here's what to know about its security, privacy tradeoffs and common scams to avoid.


Digg is back again, this time to aggregate AI news

Engadget

Digg is back again and has taken on yet another form: A website that aggregates news about artificial intelligence. Digg's job is to find that signal and bring it to you. AI is just the beginning, he said, calling it the noisiest, fastest-moving space on the internet. He promised that more verticals are coming, but he didn't say when Digg will start aggregating news about other topics. At the moment, the website follows 1,000 people directly involved in AI research, investing and media, built from X's social graph.


Robotaxi drives off from airport with passenger's suitcase

FOX News

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Drone delivers 2 pizzas in minutes

FOX News

Flytrex has partnered with Little Caesars to deliver full pizza orders by drone in Wylie, Texas, with food arriving in roughly four and a half minutes.


Airline flight delayed for bizarre reason as humanoid robot triggers safety query

FOX News

After a humanoid robot named Bebop danced for a crowd in an airport, a Southwest Airlines flight was delayed because the robot's lithium battery exceeded the airline's size limits.


Disney wants to scan your face at the gate: Here's why

FOX News

Disneyland uses facial recognition at certain entry gates to speed up arrival and prevent fraud. Participation is optional, and data is deleted within 30 days.


World Password Day: Check if your passwords are safe

FOX News

World Password Day is the perfect time to update old or reused passwords. Credential stuffing attacks make even one weak password a risk to multiple accounts.