SoftBank Stock Hits Record High
The value of shares of the Japanese SoftBank Group reached an all-time high on Thursday, July 4.
Japan
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.
Japan Seeks to Global Leadership in AI
Japan is currently offering new opportunities in the sphere of digital technologies using innovative artificial intelligence tools.
Japan Manages to Avoid Recession
The Japanese economy in the last quarter of 2023 showed a positive result, which exceeded the preliminary forecasts of analysts.
BOJ Сhief Stops Short of Declaring 2% Price Goal Met
Kazuo Ueda, Governor of the Bank of Japan, said that it is currently too early to conclude that the inflation process in this country is on a trajectory of steady approach to the financial regulator’s target of 2%.
Japan Earmarks $300 Million to Fire Up Chip Research
Japan intends to allocate up to 45 billion yen ($300 million) in funding to support a research group that develops advanced chip manufacturing technologies.
SoftBank Poises for Best Quarter in Years
After a period of setbacks, when prospects are shrouded in fog or completely disappear into impenetrable darkness, Masayoshi Son seems to have received a reason for positive news about the activities of the SoftBank Group Corp. headed by him, which is that this business structure plunged into one of the best quarters in recent years […]
TSMC to Open Second Japan Chip Factory
Taiwan Semiconductor Manufacturing Co., one of the world’s largest chip makers, is expanding its presence in Japan.
BOJ Watchers Shift Hike Forecasts
The number of watchers of the Bank of Japan is increasing, who are changing their forecasts regarding the termination of the policy of negative interest rates.
Morgan Stanley Expects Record Japan Revenue
Morgan Stanley expects that shortly its income generated as a result of operating in Japan will be fixed at the level that is the highest in the history of its presence in this country.
Bank of Japan Governor Signals Chance of Policy Shift
The governor of the Bank of Japan, Kazuo Ueda, on Monday, December 25, stated that there is currently an increasing likelihood that the financial regulator’s inflation target will be reached, noting the possibility of making adjustments to the policy of the organization he heads.
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