InMobi Pte, a mobile advertising platform backed by SoftBank Group (SFTBY) (SFTBF) aims to raise as much as $1 billion in an initial public offering in India, Bloomberg reported, citing people familiar with the matter.

InMobi Pte, a mobile advertising platform backed by SoftBank Group Corp., aims to raise as much as $1 billion in an initial public offering in India, according to people familiar with the matter.

InMobi, a SoftBank-supported mobile advertising platform, plans to raise $1 billion through an IPO in India, seeking a valuation between $5 billion and $6 billion.

SoftBank Group Corp. plans to have 1 billion “AI (artificial intelligence) agents” working in place of humans by the end of this year, the company’s chairman and president said on July 16.

Son has announced that his connection with OpenAI is beyond being viewed as just business partners. He then unveiled the big visions that his company has for OpenAI. According to him, SoftBank plans to invest approximately $30 billion in the company; however, there is a condition to this.

Japanese technology giant SoftBank Group says it aims to create a system enabling artificial intelligence to develop another, more efficient AI model. That's through using AI agents which can perform tasks without human input.

Klook, a travel and leisure booking platform, is exploring an initial public offering in the US that may raise as much as $500 million, according to people with knowledge of the matter.

One billion AI agents are set to be deployed this year. "The era of human programmers is coming to an end", says Masayoshi Son.

The Federal Trade Commission (FTC) has opened an in-depth investigation into SoftBank’s $6.5 billion acquisition of Ampere Computing, according to a report from Bloomberg. No reason for the extended review, formally known as a second request for information, has been reported.

Mizuho will be the first in the financial sector to introduce artificial intelligence that is being developed jointly by SoftBank and OpenAI.