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Hyundai Motor Mulls Acquiring US Robotics Firm from Softbank

Hyundai Motor Mulls Acquiring US Robotics Firm from Softbank

SEOUL, Nov. 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, is in talks with Softbank Group Corp. to acquire a U.S.-based robotics company for US$1 billion, news reports said Tuesday, as it increases investments in future mobility solutions. Hyundai Motor is mulling acquiring a controlling stake in Boston Dynamics, and [...]

SoftBank Corp. Leads VANTIQ Series B Investment Round

SoftBank Corp. Leads VANTIQ Series B Investment Round

SAN FRANCISCO, Jul. 17 (Korea Bizwire) — VANTIQ, the company that powers the real-time business, today announced a three-pronged strategic partnership with SoftBank Corp. (“SoftBank”) encompassing the following components: SoftBank and VANTIQ will jointly integrate their existing and future technologies to address rapidly growing market opportunities for real-time systems involving IoT and AI. The combined [...]

Softbank Pledges US$2 Bln Investment in Coupang

Softbank Pledges US$2 Bln Investment in Coupang

SEOUL, Nov. 23 (Korea Bizwire) — Japanese software giant Softbank Group Corp.’s chairman, Masayoshi Son, a third-generation Korean-Japanese most widely known by his Korean name “Son Jeong-ui” here, has reportedly decided to invest US$2 billion in Coupang, leaving experts seeking an explanation as to Son’s great interest in the Korean e-commerce website. Meanwhile, other competing [...]

Light Raises $121 Million from SoftBank Vision Fund and Leica Camera AG

Light Raises $121 Million from SoftBank Vision Fund and Leica Camera AG

PALO ALTO, Calif., Jul. 18 (Korea Bizwire) — Light, the leader in advanced computational imaging, today announced a Series D funding round of $121 million, led by the SoftBank Vision Fund. The renowned Leica Camera AG also participated in the financing. Light’s groundbreaking imaging platform enables machines to see like humans do, using sophisticated algorithms [...]

Baidu Joins Forces with Softbank’s SB Drive, King Long to Bring Apollo-Powered Autonomous Buses to Japan

Baidu Joins Forces with Softbank’s SB Drive, King Long to Bring Apollo-Powered Autonomous Buses to Japan

BEIJING, Jul. 4 (Korea Bizwire) — Baidu, Inc. (NASDAQ:BIDU), SB Drive, a subsidiary of Softbank dedicated to self-driving technology research, and King Long, a leading commercial vehicle manufacturer in China, today announced a strategic partnership to jointly develop and deploy a version of the Apolong self-driving mini bus for the Japanese market. Under the agreement, [...]

SoftBank Picks Brocade Fabric-Based New IP Network to Help Increase Business Agility

SoftBank Picks Brocade Fabric-Based New IP Network to Help Increase Business Agility

TOKYO, JAPAN, Jan. 28 (Korea Bizwire) – Japanese telecommunication service provider SoftBank Corp is streamlining its data center operations by deploying Brocade® VDX® switches (NASDAQ: BRCD) to provide Ethernet fabrics as part of the company’s group-wide common service infrastructure network. The new infrastructure will greatly reduce complexity and the cost of network operations within SoftBank’s [...]

Softbank Deploys Cisco Evolved Services Platform Technologies to Increase Customer Experience and Flexibility for Its Managed Services Gateway

Softbank Deploys Cisco Evolved Services Platform Technologies to Increase Customer Experience and Flexibility for Its Managed Services Gateway

DUSSELDORF, GERMANY, Oct. 15 (Korea Bizwire) – Cisco (NASDAQ: CSCO) — At SDN & OpenFlow World Congress, Softbank Corp. announced that it will deploy an upgraded architecture of Softbank’s White Cloud SmartVPN, utilizing Cisco Evolved Services Platform (ESP) Orchestration, software defined networking (SDN) and network function virtualization (NFV) technologies. The enhanced architecture reduces the time [...]