Tag Archives: 47bn

SoftBank Group affiliate Z Holdings on Monday announced plans to invest ¥500bn ($4.7bn) and hire 5,000 AI engineers over five years after completing a merger with popular messaging app Line. By launching new services and creating synergies in businesses such as online advertising, the combined entity aims to generate ¥2tn in revenue and ¥225bn in operating profit by fiscal year 2023. The business plan is Z Holdings’ most detailed strategy yet in countering the growing… Source link

TOKYO — SoftBank Group affiliate Z Holdings on Monday said it will invest 500 billion yen ($4.7 billion) and hire 5,000 AI engineers over five years after completing a merger with popular messaging app Line. By launching new services and creating synergies in businesses like online advertising, the combined entity aims to generate 2 trillion yen in revenue and 225 billion yen in operating profit by fiscal year 2023. The business plan is Z Holdings’ most detailed strategy yet in countering the… Source link