Masayoshi Son Prepares to Pick Successor From Within SoftBank
Masayoshi Son said he plans to hand over the reins of SoftBank Group Corp. to someone within the technology and telecom group, addressing what may be the single biggest concern among investors and business partners.
The 67-year-old has several candidates in mind, but won't make an announcement until the last minute, Son said during a general shareholders' meeting in Tokyo on Friday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Microsoft Launches 'Mu,' New On-Device AI Model for Copilot+ PCs
Microsoft Corporation (NASDAQ:MSFT) is one of the best US tech stocks to buy now. On June 23, Microsoft officially launched a new small language model called Mu. The AI tool is designed for efficient local operation on personal computers, particularly the new Copilot+ PCs. Unlike larger AI models that rely on cloud processing, Mu operates entirely on a device's Neural Processing Unit/NPU, which enables rapid responses while consuming less power and memory. Mu is an efficient 330 million parameter encoder-decoder language model optimized for small-scale deployment on NPUs. Its design was carefully tuned to fit the hardware's parallelism and memory limits, and ensure peak efficiency for operations. The model's development used insights gained from Microsoft's earlier Phi models and was pre-trained on hundreds of billions of high-quality educational tokens. A development team working together to create the next version of Windows. To enhance its performance despite having fewer parameters, Mu was fine-tuned using advanced techniques such as distillation and low-rank adaptation, and it also incorporates transformer upgrades like Dual LayerNorm, Rotary Positional Embeddings/RoPE, and Grouped-Query Attention/GQA. Initially, the Mu model will be applied to the Settings function within the Windows system, using natural language processing to convert user inputs into system commands. Microsoft Corporation (NASDAQ:MSFT) develops and supports global software, services, devices, and solutions. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Entrepreneur
29 minutes ago
- Entrepreneur
Raphe mPhibr Raises USD 100 Mn Funding to Scale Defence-Tech Manufacturing
The round was led by General Catalyst, with participation from Think Investments, Amal Parikh, and several family offices. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Indian aerospace and defence-tech startup Raphe mPhibr has raised USD 100 million in a funding round led by General Catalyst, with participation from Think Investments, Amal Parikh, and several family offices. This marks the largest private capital raise in India's aerospace manufacturing sector to date, bringing the company's total funding to USD 145 million. The freshly raised capital will be deployed to scale manufacturing capacity, accelerate R&D, and deepen strategic partnerships, both in India and globally. The company aims to strengthen its footprint in the global aerospace supply chain, while supporting India's defence self-reliance goals. "We are proud to join forces with Raphe mPhibr on their transformative journey to redefine engineering-led manufacturing across a spectrum of critical applications," said Neeraj Arora, Managing Director at General Catalyst. "The products emerging from Raphe mPhibr are already making a tangible impact on the ground." Founded in 2016 by Vikash Mishra, Vivek Mishra, and Nitin Katiyar, Raphe mPhibr operates out of Noida and specialises in designing and manufacturing advanced unmanned aerial vehicles (UAVs) and military-grade avionics. Its offerings include: mR10 : Operational drone swarm platform : Operational drone swarm platform mR20 : High-altitude logistics drone : High-altitude logistics drone Bharat : Man-portable surveillance drone : Man-portable surveillance drone X8: Compact maritime patrol UAV Several of these systems are already deployed by the Indian defence forces, with others nearing final validation. Raphe mPhibr runs a vertically integrated aerospace campus, with in-house teams working across aerodynamics, thermodynamics, materials science, engine development, and electronics. The company has also built India's first indigenous military-grade autopilot and a lightweight internal combustion engine for UAVs, reflecting a commitment to sovereign technology innovation. The startup partners with global defence majors such as Dassault Systèmes, HENSOLDT, and Safran Electronics & Defense, and uses platforms like Dassault's 3DEXPERIENCE to drive end-to-end system integration. With over 600 employees and 100+ unique IPs, Raphe mPhibr aligns closely with national initiatives like Aatmanirbhar Bharat and Make in India, which aim to reduce reliance on imported defence systems. The company's solutions are also gaining interest in international markets, including Paris, Dubai, and London. The funding arrives amid India's broader efforts to boost its private aerospace ecosystem, including recent government moves to commercialise launch vehicle technologies and promote innovation through programs like iDEX (Innovations for Defence Excellence).
Bloomberg
32 minutes ago
- Bloomberg
US Says Signed Trade Agreement With China
'Bloomberg: The China Show' is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
