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The Latest Breaking News from SoftBank

Softbank Reduces Stake In Paytm To Under 3%

SoftBank reduces stake in Paytm, reflecting evolving dynamics of Indian fintech sector.

Top News

Arm's bigger brethren? Founder of Softbank seeks $100bn war chest to build AI chip behemoth to rival Nvidia, Intel — but is it too little, too late?

Masayoshi Son, the founder of Softbank Group, wants to create a $100bn chip rival to Nvidia.

TechRadar

Tiny AI chip designer could become Arm's sibling - Softbank rumored to be interested in buying cash-strapped Graphcore with its IPU crown jewel likely to be the target

Graphcore is exploring a sale to buyers such as Arm, Softbank and OpenAI.

TechRadar

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Graphcore reportedly explores sale: Arm, OpenAI, and Softbank named as rumored potential buyers

AI processor designer Graphcore could be acquired by Arm, OpenAI, or Softbank.

Tom’s Hardware

Shares in chip designer Arm soar by more than 50% leaving it valued at $120bn

Chief executive, Rene Haas, says UK-based firm is benefiting from huge demand for AI-powered products and apps

The Guardian - UK

CFOs weigh the risks and rewards when adopting AI

What are the investment requirements needed to give the green light for AI?

Fortune

Intel Wins Appeal on VLSI Case, $2.18B Judgement Reversed

A U.S. appeals court on Monday overturned a 2021 patent infringement ruling against Intel that awarded patent holding company VLSI $2.18 billion over multiple patent violations. In a two-part decision, the court reversed a previous verdict that found that Intel violated a frequency management patent, while affirming the violation of…

AnandTech

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‘Like brushing my teeth’: how Michiru Aoyama writes, records and releases an album every day

For two years, the Kyoto musician has risen at five, watched football, then made an eight-track album of super-deep ambient music – while fitting in a two-hour walk. And 200,000 fans are listening

The Guardian - UK

Apple's iPhone and Mac chip deal with Arm might be the bargain of the century

Apple pays less than you might expect for the technology behind those fast A17 Pro and M3 chips.

iMore

The co-founders of now-shuttered IRL are suing its investors in the latest development of the startup’s saga

Just two years ago, the Gen Z-messaging app IRL was flying high with a $1.2 billion valuation.

Fortune

Former Googler Adrian Aoun raises $100 million for walk-in AI healthcare pods

Health tech startup Forward plans to roll out the CarePod in several US cities, backed by a fresh round of funding from Khosla Ventures, Founders Fund, Softbank, and Samsung Next.

Fortune

Japan's SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour

Japanese technology company SoftBank Group has reported it racked up a huge loss in the July-September quarter, as some of its investments soured

The Independent UK

SoftBank paid WeWork lenders almost $1.5bn before bankruptcy filing

Court papers reveal Japanese conglomerate transferred money less than a week before office rental group filed for bankruptcy

The Guardian - US

A former Blackstone exec wants to salvage WeWork from bankruptcy

The company has renegotiated more than 500 of its leases, and is working on doing so with another 400.

Fortune

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Fortune

Adam Neumann fires subtle shots at his WeWork successors

Adam Neumann, the billionaire founder of WeWork, said the company "has failed to take advantage of a product that is more relevant today than ever before" since he left.

The Independent UK

WeWork files for bankruptcy in the US

WeWork has more than 770 sites around the world, including nearly 50 in the UK and Ireland.

AnandTech

Arm Acquires Minority Stake in Raspberry Pi

Arm Holdings has acquired a minority stake in Raspberry Pi Ltd, reinforcing a partnership that began in 2008. This strategic investment is designed to support development of Raspberry Pi's low-cost low-power Arm-based platforms aimed at edge computing and IoT applications, leveraging Raspberry Pi's ability to deliver affordable, high-performance computing globally.;…

Evening Standard

Senior Arm China staff quit to create government-backed startup

The British chip designer is grappling with a US- Chinese conflict over technology that has uncertain implications for foreign operators

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Fortune

Softbank’s CEO says you’ll end up like a mindless goldfish if you don’t get on board with AI

“Take advantage of it or be left behind,” warned Masayoshi Son, whose early bet on Alibaba built his reputation as a tech visionary.

Zenger

Former SoftBank Exec Launches Stablecoin Backed By UAE Dirham

Akshay Naheta's company, DTR, aims to protect individuals from high inflation in emerging markets.

The Guardian - US

UK chip designer Arm soars on Nasdaq debut to notch $65bn valuation

Investor appetite for shares in SoftBank-owned tech firm pushes shares up close to 25% in much-hyped initial public offering

The Independent UK

Arm Holdings is valued at $54.5 billion in biggest initial public offering since late 2021

U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years

Fortune

3 investors from Microsoft’s corporate VC arm M12 are striking out on their own with a new AI-focused firm

The ex-M12 investors are building a new VC firm focused on software companies using AI—and they’re eyeing Europe and India.

The Guardian - UK

UK chip designer Arm valued at $51 a share ahead of Wall Street IPO

British tech firm valued at $54.5bn before highly anticipated flotation on Nasdaq by private owner SoftBank

The Guardian - UK

Arm shares soar 25% over IPO price in US stock market float; FTSE 100 posts best day of 2023 – as it happened

Shares in UK chip designer are making a successful debut on the US stock market today, while UK blue-chip stocks post their best day since last November

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