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The Latest Breaking News from SoftBank

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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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.

Fortune

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.

Evening Standard

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.

Fortune

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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

The Guardian - UK

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.

Tom’s Hardware

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.

Top News

ARM shares tumble despite great earnings

The chip designer, however, offers a continuing bullish outlook.

The Street

Key semiconductor stock slumps despite earnings surge

Wall Street doesn't buy into a bullish outlook at this chip equipment company.

The Street

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.

Evening Standard

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

The Guardian - UK

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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.

Investors Business Daily

IPO Stocks: Will Reddit Unplug The Bulging U.S. IPO Pipeline?

A bulging pipeline of IPOs are registered, ready to go, and closely watching Reddit's performance. Here are the concerns.

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….

Top News

Softbank Reduces Stake In Paytm To Under 3%

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

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news in one place.

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TechRadar

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.

Tom’s Hardware

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.

The Guardian - UK

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

Investors Business Daily

What Matters Most When AT&T, Verizon, T-Mobile Report Earnings

When Q4 earnings come in for telecom stocks, investors will be looking for signs that dividends and buybacks are in safe order.

Fortune

CFOs weigh the risks and rewards when adopting AI

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

Investors Business Daily

Telecom Stocks Kick Off 2024 With Gains As Tech, Nasdaq Pull Back

Shares in telecom stocks AT&T and Verizon rose for the second day in 2024 as technology companies and the Nasdaq index again pulled back.

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