SoftBank Agrees to Buy Telecom Investor DigitalBridge Group
Japan's SoftBank Group announced Monday that it has agreed to buy Florida-based telecom investment firm DigitalBridge Group for $4 billion. The deal is based on SoftBank's push into artificial superintelligence, which will require “breakthroughs not only in AI models, but…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
also in the platform infrastructure needed to train, deploy, and serve them at global scale,” the company said. It wants to build, scale or finance the “foundational infrastructure” needed for next-generation AI. “As AI transforms industries worldwide, we need more compute, connectivity, power, and scalable infrastructure,” SoftBank CEO Masayoshi Son said.