Friday, 24 March, 2023

SoftBank's Z holdings to invest $4.7 bn in tech in next 5 years

<p>Z Holdings, the internet subsidiary of SoftBank, has planned to invest 500 bn yen ($4.7 bn) in technology in the next 5 years with a special focus on Artificial Intelligence. This news comes after the merger of its internet business Yahoo Japan with chat app operator Line, resulting in a $30 bn internet heavyweight. The company said Z Holdings is hoping for sales of 2 trillion yen and an operating income of 225 bn yen by 2023 post-merger.</p> <p>&nbsp;</p>