japan - CybAI news

07 Aug

SoftBank Unveils $3.4 Billion Buyback Ahead of Next Big AI Bet

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SoftBank Group Corp. announced a buyback worth up to ¥500 billion ($3.4 billion), following a month of sharp selloffs and pressure from activist investor Elliott Investment Management to bolster its stock price.The Tokyo-based technology investor plans to buy up to 6.8% of its free-floating outstanding shares in the year to August 7, 2025, according to a release Wednesday. The announcement comes after Elliott built a sizable stake in SoftBank this year and had pushed for a $15 billion buyback, people familiar with the matter said in June. Source link lol

Fujitsu Struggles to Find Workers to Expand in IT Consultancy

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Fujitsu Ltd. is having trouble winning the tech workers it needs to expand its IT consultancy arm and take on bigger system integrators like Accenture Plc.The Tokyo-based company, which is fighting to differentiate itself in Japan’s crowded industrial electronics sector, was targeting a five-fold expansion in its consultancy team to 10,000 workers in the business year to March 2026. But making headway has been tough, according to Corporate Executive Officer Yoshinami Takahashi. Source link lol

Japan’s government says goodbye to floppy disks

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Floppy disks may seem like a relic from an ancient time of computers but there are still places and even governments in the world that still use them to run its most basic functions. Japan is no longer one of those countries.Japan’s Digital Agency announced on Wednesday it has rid its use of outdated floppy disks to operate its government computer systems. The only system still in place that requires the use of floppy disks is an environmental system that monitors vehicle recycling, according to Reuters.Digital Minister Taro Kono declared in a statement to the news agency, “We have won…