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SoftBank looking to prioritize AI investments, Shell pausing energy project, Labour party expected to win UK election. YouTube negotiating deal on AI music with record labels. Exploration of AI-generated music impact on industry and emotional connections with artist-created music.
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- SoftBank prioritizes AI investments over share buybacks to appease Elliott Management.
- YouTube negotiates lump sum deals with record labels for AI-generated music on Shorts platform.
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SoftBank Shifts Focus from Share Buybacks to Artificial Intelligence Investments
SoftBank, under pressure from activist investor Elliott Management, has decided to forego share buybacks valued over $2 billion, advocating for investments in artificial intelligence instead. The company's CFO highlighted the improved balance sheet and emphasized the pursuit of AI deals as a strategic move, although not ruling out buybacks in the future.
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highlights
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