SoftBank Group, a publicly owned Japanese company founded in 1981, provides IT services and IT consulting. Employing approximately 500 people, the group's holdings encompass a diverse portfolio of companies operating in telecommunications, internet services, artificial intelligence, robotics, the Internet of Things (IoT), and clean energy technologies. The group includes SoftBank Group Corp. (TOKYO: 9984) as its holding company. In 2016, SoftBank Group acquired Arm Limited, a semiconductor intellectual property company.
SoftBank conducted a successful field trial in June, achieving end-to-end 5G connectivity to smartphones using an airborne base station above Hachijō Island, Japan. A light aircraft at 3000 meters simulated a high-altitude platform, connecting ground infrastructure to devices. The company later sold 21.5 million T-Mobile shares at US$224 each. Additionally, SoftBank is creating a joint venture with Symbotic to develop AI-powered warehouses. Finally, SoftBank's Vision Fund announced layoffs of approximately 20 percent of its workforce, impacting over 50 employees, as the fund refocuses on artificial intelligence.
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