SoftBank’s Vision Fund ekes out gain but company posts $6.2 billion quarterly loss

[ad_1] SoftBank Founder Masayoshi Son is pictured here in 2019 during an earnings presentation. Tomohiro Ohsumi | Getty Images SoftBank posted an investment gain on its Vision Fund in the…

WeWork, once valued at $47 billion, files for bankruptcy

[ad_1] The WeWork logo is displayed outside of a shared commercial office space building in Los Angeles, California on August 8, 2023. Embattled office-sharing firm WeWork on August 8 warned…

SoftBank’s Son Says Artificial General Intelligence Will Soon Surpass Humans

[ad_1] “Take advantage of it or be left behind,” the CEO said at the investment company’s annual SoftBank World event. [ad_2] Source link

Softbank-backed Arm Holdings ends 25% higher on trading debut with a valuation of nearly $70 billion

[ad_1] Shares of Softbank-backed Arm ended 25 percent higher on its trading debut at $63.59, marking the year’s biggest listing. The closing gives Arm Holdings a market capitalisation of $68…

Arm is trading at a premium to Nvidia after IPO pop even though it’s a ‘no-growth company’

[ad_1] Arm’s Nasdaq debut on Thursday looks good for SoftBank, who just spun the company out after acquiring it in 2016. But it’s a headscratcher for Wall Street. The UK-based…

Arm China ‘doing well,’ CEO says, even as SoftBank’s Masayoshi Son reduces China exposure

[ad_1] You can watch David Faber’s interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on CNBC Pro. Arm’s China subsidiary is “doing well” with strong potential in…

Arm climbs 10% in Nasdaq debut after pricing IPO at $51 a share

[ad_1] Arm CEO Rene Haas and executives cheer, as Softbank’s Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14,…

Arm Sets IPO Price at $51 a Share

[ad_1] British chip designer drops price after initially considering $52 a share. [ad_2] Source link

The Disappointing Bet That Could Turn Into the Biggest IPO of the Year

[ad_1] Softbank’s lofty ambitions for chip maker Arm have fallen short. Now the market is about to issue its verdict on the deal. [ad_2] Source link

He Spent $140 Billion on AI With Little to Show. Now He Is Trying Again.

[ad_1] Billionaire Masayoshi Son said he would make SoftBank “the investment company for the AI revolution” but he missed out on the most recent frenzy. [ad_2] Source link