Softbank founder Sun Zhengyi regained the richest man in Japan after four years. Benefiting from the financial market's view of the prospects of artificial intelligence (AI), the stock price of the Tokyo-listed Software Group rose by more than 60% this year. Forbes estimated that Sun Zhengyi's pure assets reached US$50.5 billion, surpassing the US$46.8 billion founder of Tsai Yanai, the founder of Tsai's parent company, the parent company of Yoichi Bank.
The investment department of the Singjing Fund, a subsidiary of the Singjing Group, caused a huge loss in 2022, led to a plummeting share price. Sun Zhengyi handed over the position of CEO to Tadashi Yanai. Now, the Singjing Group is believed to lay the foundation for its investment in artificial intelligence-related companies, especially ChatGPT's parent company OpenAI, to help the growth of Singjing.
Dan Baker, a senior equity analyst at Morningstar Melbourne, said, "Silver provides a way to reach the AI theme for public investors." Because OpenAI is a private company, investors have scrambled to enter the silver, and the silver and OpenAI have established strategic partnerships, such as the $500 billion "Star Gate" investment agreement.
Silver is the leader of OpenAI's recently announced $40 billion financing, which valued ChatGPT's parent company at $30 billion, while Silver plans to inject up to $30 billion into the U.S. company, with a remaining $10 billion to undisclosed joint investors.
Sun Zhengyi pursues the goal of "10,000 times higher than human intelligence", and the Silver has made other investments related to artificial intelligence, including the Silver's recent increase in shares in NVIDIA (NVIDIA) and investing in shares worth US$ billion in Oracle and Taiwan.
At the same time, Arm Holdings, a chip design company already listed in Nasdaq, owns about 90% of its shares. This year it announced plans to produce its own semiconductors, which will make a major change in its business model of selling software. Arm is trying to use various artificial intelligence services to strengthen semiconductor demand for semiconductors that can process data faster.
Software Silver plans to spend $6.5 billion to acquire US chip design company Ampere Computing, whose net income was 421.82 billion yen (about $2.9 billion) in the three months to June this year, compared with a 174.3 billion yen in the same period last year, far higher than the profit of 12.76 billion yen expected by analysts, and its annual revenue increased by 7% to 1.8 million yen.
Over the past few years, the stock price of the silver has been significantly lower than its net asset value, and investors are worried about the financial leverage of the silver and its usually seen as a surge in investment style. However, financial chief Kotoshi Yoshimitsu said that with the direction of the silver "correct" and that the stock price has grown, but admitted that the "International Gate" is progressing slower than expected because it takes time to select and integrate financing for data centers.
Berke said that if the silver continues to invest funds into the "International Gate" project, debt risks may be added, and the silver's current loan amount is 17%, lower than the company's own cap of 25%, which is a measure of the silver's debt and the value of its shares held to measure its financial health.
Delivery Bank Hong Kong analyst Peter Milliken said the silver may sell assets to provide funds for its investment in OpenAI and Stargate, while the actual silver has sold $4.8 billion worth of T-Mobile stock in June to support its AI investment.
Powered By AI Boom, SoftBank’s Masayoshi Son Reclaims Position As Japan’s Richest Person
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