SoftBank's Son plans $50 billion Malaysia tech outlay, PM Anwar Ibrahim says Masayoshi Son, chairman and CEO of SoftBank Group, has reportedly picked regions in Malaysia for data centers and other projects. Masayoshi Son of SoftBank Group has tapped locations in Malaysia for $50 billion in technology investments, the country's prime minister said, an outlay that would accelerate the billionaire's global bet on AI infrastructure. Prime Minister Anwar Ibrahim said he had a videoconference with Son last week, during which the Japanese tech investor said he had picked regions in the Southeast Asian country for projects including data centers. SoftBank representatives didn't immediately respond to a request for comment outside normal business hours. "He said he had chosen Sarawak -- Kuching -- and Peninsular Malaysia to expand investment in what would be among the largest investments in the region, worth $50 billion," Anwar said in a speech in Malacca on Saturday.

SoftBank Group's market value halved from its peak in June. SoftBank Group's market value halved from its peak in June, as higher borrowing costs fuel investor concerns over the sustainability of its massive investments in artificial intelligence. Shares of the Tokyo-based company fell 6.9% on Thursday, taking their drop from an all-time high struck on June 2 to 50%, with earnings from U.S. megacaps failing to ease the angst. After briefly overtaking Toyota as Japan's biggest company four months ago, its market capitalization is now about ¥24.7 trillion ($157 billion), smaller than that of Hitachi and Recruit. Global concerns over AI spending had accelerated after U.S.-based cloud-computing provider CoreWeave's bonds fell to levels associated with distress, exposing financing risks across the industry. "SoftBank's vulnerability stands out as investors increasingly scrutinize the financial health of AI-related companies, given the group's highly leveraged financial structure and growing borrowing costs," said Kazuyuki Muramatsu, head of investment management at Nagomi Capital.

SoftBank's Masayoshi Son has rare cautionary note on AI safety SoftBank Group CEO Masayoshi Son said AI can become super dangerous" during an event on the sidelines of the Science and Technology in Society Forum in Kyoto on Sunday. SoftBank Group chief Masayoshi Son -- one of AI's fervent believers -- said that even he's worried about safety risks as machines quickly gain more abilities. An exponential surge in AI capabilities makes it imperative for countries to build trust so that they can harness the technology together, Son said at an event on the sidelines of the Science and Technology in Society forum in Kyoto on Sunday. He was speaking alongside White House science and tech policy advisor Michael Kratsios. "We don't have any more luxury of having human fight against human," Son said, adding that countries need to work together to control the far greater threat from powerful AI models.

Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks at the SoftBank World forum in Tokyo in July. SoftBank Group is seeking the equivalent of more than $11 billion in what would be one of the biggest junk bond deals ever, people familiar with the matter said Monday, as billionaire Masayoshi Son's conglomerate ramps up its investments in ChatGPT creator OpenAI. The company is looking to issue $10 billion of dollar securities across three tenors, and €1 billion ($1.1 billion) of euro notes across two maturities, according to the people, who asked not to be identified as the discussions are private. The money will be used in part to fund a follow-on investment in OpenAI expected to close next month, the people said. The deal may price on Thursday, they added.

SoftBank Group's $200 million investment in Swiss startup Gravis Robotics marks another major robotics bet as founder Masayoshi Son seeks to make the company a pivotal player in the global AI race. SoftBank Group has invested $200 million in Gravis Robotics, a Swiss startup that makes autonomous software for construction machinery. Zurich-based Gravis announced the Series A investment in a statement on Monday but didn't share a valuation. It was reported in July that SoftBank was considering an acquisition of Gravis that might be completed in several stages, which includes injecting fresh capital over time. The deal marks another splashy investment into robotics from SoftBank, whose founder, Masayoshi Son, is trying to make his firm a pivotal player in the global artificial intelligence race. The Japanese investor, which by October is set to own a 13% stake in OpenAI, has backed a range of robotics businesses, including with the acquisition of ABB's industrial unit last year.

Masayoshi Son dismisses Musk's idea for orbital data centers SoftBank founder Masayoshi Son dismissed the idea of space-based data centers, arguing that the AI race will be won by computing power on Earth. SoftBank Group founder Masayoshi Son said there's little merit to building data centers in space, as championed by Elon Musk, predicting that the artificial intelligence race will be clinched by computing power on Earth. The main advantage of building data centers in space would be to slash electricity costs. But such expenses comprise a small fraction of the cost of operating data centers, compared with hardware like chips, Son said during an annual shareholder meeting for SoftBank's mobile unit on Tuesday. The tradeoff for any power cost reductions would also include higher fees to transport everything into space, maintenance and communication delays, he added.

SoftBank Group plans to invest as much as €75 billion ($87 billion) to build 5 gigawatts of artificial intelligence data center capacity in France, saying the country is poised to become a top European hub for AI infrastructure. The first phase comprises an initial €45 billion investment to deliver 3.1 gigawatts of AI data center capacity in the Hauts-de-France region by 2031, SoftBank said Saturday in a statement. The commitment, which SoftBank called its biggest AI infrastructure investment in Europe, reflects personal diplomacy between Emmanuel Macron and SoftBank founder Masayoshi Son, who met during the French president's visit to Japan this year. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right. With your current subscription plan you can comment on stories.

SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event in Tokyo in February 2025. SoftBank's investment gain on OpenAI stood at an estimated $19.8 billion as of December. SoftBank Group sprang back to a quarterly profit after Masayoshi Son's bet on OpenAI paid off in valuation gains, cementing the Japanese company's position as an investment proxy for the ChatGPT creator. The Tokyo-based company has invested more than $30 billion (¥4.58 trillion) in OpenAI, accumulating an 11% stake as of December, and has been in talks to invest as much as $30 billion more in a round that would value the startup at about $750 billion to $830 billion. As of December, SoftBank's investment gain on OpenAI stood at an estimated $19.8 billion, the company said Thursday.

SoftBank Group is in discussions to invest as much as $30 billion more in OpenAI, a sharp increase in commitment that reflects founder Masayoshi Son's ambitions to play a central role in developing artificial intelligence. The Japanese company, already one of the ChatGPT-maker's biggest backers, is in deliberations to commit more capital toward the fast-growing startup, people familiar with the matter said. The maximum amount SoftBank is considering is $30 billion, one of the people said, asking to remain anonymous to discuss private talks. They cautioned that the discussions are fluid and the amount of funding could change. SoftBank's shares rose 5.8% in Tokyo on Wednesday. Son has been unwinding positions to increase its stake in OpenAI and ready capital for sweeping investments aimed at injecting AI in all devices.

Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks during the Future Investment Initiative (FII) Institute Priority Asia conference in Tokyo in December. SoftBank Group has halted talks about an acquisition of U.S. data center operator Switch, a setback to founder Masayoshi Son's ambition to roll out Stargate artificial intelligence infrastructure, according to people familiar with the matter. For months, Son pursued a deal of around $50 billion for Switch, convinced that direct control of the latter's network of energy-efficient data centers would help the $500 billion Stargate push to generate computing power for partner OpenAI. But earlier this month, Son conceded that a full acquisition was off the table and scrapped a planned January announcement, the people said, asking not to be named because the matter is private. The two sides remain in active discussions about a partial investment or a partnership, they said. In a time of both misinformation and too much information, quality journalism is more crucial than ever.