SoftBank partners with Seven & i Holdings for AI-driven convenience stores
The ¥300 billion capital partnership aims to combine physical stores with digital to transform customer experience.
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Japanese telecommunications and technology conglomerate
softbank.jpLast updated
In short: SoftBank reached a ¥300 billion capital partnership with Seven & i Holdings while intensifying its global AI and infrastructure projects.
The ¥300 billion capital partnership aims to combine physical stores with digital to transform customer experience.
The company aims to develop a multimodal foundation model with government and industry partners, targeting deployment by 2030.
The new company, SB Neo, is 51% owned by SoftBank Corp. and plans to start services by FY2027, leveraging 10-gigawatt-scale AI infrastructure.
The company set the payment amount at JPY 20,300 per unit and allocated 30,840 units to 90 executive officers and employees.
Blue Mo Securities CEO Hitoshi Nakamura, who published 'Investment Strategy After the AI Bubble,' argues that 'the biggest risk of the AI bubble is the failure of OpenAI.' And as a risk unique to Japan, he points out the existence of SoftBank, which has made large investments in OpenAI...
Cashless payment major 'PayPay' and others will invest 300 billion yen in Seven & i Holdings. As a result, their IDs will be integrated. According to the announcement, those investing in Seven are 'PayPay', its parent company SoftBank, a major telecommunications company, and Sumitomo Mitsui Card, which invests in the V Points operating company...
Seven & i Holdings (HD) formally announced on the 31st that it will accept investment from mobile phone giant SoftBank and its subsidiary smartphone payment giant PayPay. Mitsui Sumitomo Card also joins, with a total investment amount of 300 billion yen. By integrating customer IDs with PayPay, a giant points economic zone that encloses over 100 million customers will be created. Shares of Seven will be allocated to the three companies. Each will invest 100 billion yen and become shareholders holding 2.27% of the shares. Seven's store network and...
Seven & i Holdings / 7-Eleven Japan have agreed to strategic partnerships with SoftBank / PayPay / LINE Yahoo, and Mitsui Sumitomo Card, respectively...
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