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AI & Enterprise

SoftBank overtakes Toyota in intraday market cap, becomes Japan\'s top company for first time in 22 years

SoftBank Group moved into the top spot by market capitalisation in Japan during intraday trading, overtaking Toyota Motor. ITmedia reported that SoftBank\'s market cap reached 46.79 trillion yen as of 11:16 a.m. on Monday. SoftBank shares jumped nearly 10 percent at one point, pushing its market value to nearly 47 trillion yen. The change occurred during trading, and whether SoftBank will stay ahead at the close remains uncertain.

AI & Enterprise

SoftBank invests $457 million in UK AI chipmaker Graphcore

SoftBank has injected an additional $457 million into UK artificial intelligence chip company Graphcore. Graphcore issued a single share worth $457 million on April 10, and a company spokesperson confirmed the funds were SoftBank’s investment. A person familiar with both companies said the money is part of funding Graphcore is set to receive from SoftBank this year, suggesting further support. SoftBank bought Graphcore in 2024 and is expanding its AI and semiconductor investments.