SoftBank said Monday it will buy back as much as 200 billion yen ($1.87 billion) of its domestic unsecured corporate bonds. The move is part of SoftBank’s effort to reduce its debt, after the Japanese company reported a record annual loss in the last fiscal year ended March. On Monday, SoftBank also said it expects a gain of about 600 billion yen ($5.6 billion) in the current quarter through...
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To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, according to a person with direct knowledge of the effort. In that scenario, Google would fully design the chips, known as tensor processing units, in-house, the person said. The move could help Google save billions of dollars in costs annually as it invests heavily in...
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