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The Latest Breaking News from SoftBank

OpenAI Secures $6.6 Billlion In New Funding At $157 Billion Valuation

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

Latin Times

OpenAI raises $6.6 billion from Microsoft and NVIDIA, pushing its market cap to $157 billion — with "the world's dominant AI company worth trillions of dollars" and $11.6 billion in sales vision on the horizon

OpenAI has officially closed its funding round with a $157 billion market capitalization after raising $6.6 billion from many big tech corporations, including Microsoft, NVIDIA, SoftBank, and more.

Windows Central

OpenAI Secures $6.6 Billion In New Funding At $157 Billion Valuation

International Business Times

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OpenAI raises $6.6bn in funding, is valued at $157bn

The startup behind ChatGP, which is reportedly planning to become a for-profit business, is now valued on par with Uber

The Guardian - UK

British gambling regulator prosecutes Sorare football game

Gambling Commission accuses $4.3bn business promoted by Premier League of providing unlicensed gambling

The Guardian - UK

Datacenter chipmaker Ampere, once valued at $8 billion, explores possible sale: Report

Oracle-backed Ampere is exploring potential sale, Bloomberg says.

Tom’s Hardware

Should You Follow Cathie Wood Into This AI Diagnostics Stock?

This AI diagnostics stock is a holding in Wood's ARKK and ARKG ETFs.

Barchart

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SoftBank's Intel AI processor plans in doubt as insiders say it is now considering a TSMC partnership

SoftBank had to start talks with TSMC after it canceled plans to produce AI processors with Intel as the company failed to meet production requirements.

Tom’s Hardware

Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier

The Independent UK

Japanese owner of Arm gets a bargain with Graphcore purchase — could British startup stymied by lack of support embrace Arm's licensing strategy to break Nvidia's stranglehold on AI?

SoftBank, the Japanese owner of Arm, has snapped up troubled British AI chip designer Graphcore.

TechRadar

Troubled AI Processor Developer Graphcore Finds a Buyer: SoftBank

After months of searching for a buyer, troubled U.K.-based AI processor designer Graphcore said on Friday that it has been acquired by SoftBank. The company will operate as a wholly owned subsidiary of SoftBank and will possibly collaborate with Arm, but what remains to be seen what happens to the…

AnandTech

Softbank takes over AI processor designer Graphcore

Softbank acquires Graphcore, an AI processor developer, as it preps a push into AI datacenters.

Tom’s Hardware

UK risks tech ‘talent drain’ to US if pension funds fail to back sector

Co-founder of British chipmaker Graphcore, which has been bought by Japan’s SoftBank, issues warning

The Guardian - UK

Pound nears one-year high; Japan’s SoftBank buys UK chipmaker Graphcore – as it happened

Sterling boosted by UK growth data and weaker US inflation; Graphcore once touted as rival to Nvidia but has struggled to secure investment

The Guardian - UK

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Fortune

SoftBank's billionaire CEO says he was put on Earth to create artificial superintelligence that's 10,000 times smarter than a human—'I am super serious about it'

"For what purpose was Masa Son born? It may sound strange, but I think I was born to realize ASI," SoftBank's CEO said.

Evening Standard

SoftBank’s Son aims to create ‘super’ AI in new investment drive

SoftBank Group Corp.’s big-talking founder Masayoshi Son is back, this time with plans to bring about an era of artificial super-intelligence.

Fortune

Imagine owning 5% of Nvidia but selling it all 5 years ago—tech investor rues over $150 billion slipping through his fingers as ‘fish that got away’

Softbank founder Masayoshi Son dumped his entire stake in Nvidia after a crypto downturn hurt sales to miners—now he wants to make good with a huge bet on artificial super intelligence.

Fortune

Deflated 'unicorn' CEO Adam Neumann retreats after judge kills his attempt to buy back WeWork, which he drove into the ground five years ago

A bankruptcy judge rejected Neumann’s bid to purchase the beleaguered co-working company.

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The Guardian - UK

Arm owner SoftBank reports £1.2bn profit as it shifts towards AI

Tech investor led £800m funding round into UK self-driving car software company Wayve

Tom’s Hardware

Arm to develop AI processors — prototypes ready for spring 2025, says report

Arm is reportedly developing AI processors for Softbank, and its first designs are expected to emerge in 2025.

Top News

South Korea Vows To Protect Companies Amid Japan Dispute

South Korea supports Naver amid Japan's pressure on LY Corp. to reduce reliance. Discussions ongoing for potential share adjustments.

Evening Standard

Wayve co-founder Alex Kendall net worth hits £400 million after SoftBank-led funding round

The wealth of the co-founder of Wayve has topped £400 million after the autonomous vehicle start-up secured more than $1 billion in a fresh funding round led by SoftBank.

The Guardian - UK

UK AI startup Wayve wins $1bn funding for self-driving car software

Japan’s SoftBank leads largest investment to date in a European artificial intelligence company

TechRadar

ChatGPT might get its own dedicated personal AI device – with Jony Ive's help

A new report says OpenAI CEO Sam Altman and Sir Jony Ive are teaming up on an AI device.

StockNews.com

Pre-Earnings Alert: AVGO Stock Poised for Growth Surge?

Broadcom Inc.’s (AVGO) strategic acquisitions and collaborations with industry leaders are undoubtedly laying a solid foundation for significant long-term growth. However, with earnings on the horizon, would it be prudent to invest in AVGO shares now? Let's explore whether the company's fundamentals support this potential….

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