Key facts: SoftBank Plans PayPay IPO; Negotiates $2B in Wayve; Partners with OpenAI
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- SoftBank Group plans an IPO for its payments app PayPay in the U.S., possibly in December. Valuation discussions indicate PayPay could exceed 3 trillion yen ($20 billion).1
- SoftBank Group is negotiating a potential $2 billion investment in Wayve Technologies, a U.K. self-driving car startup, which may value the company at around $8 billion.23
- OpenAI is collaborating with SoftBank's Arm on a project related to Broadcom's AI chip development.4