According to sources familiar with the matter, Sam Altman, the recently ousted CEO of OpenAI, is reportedly working on a new artificial intelligence venture that he plans to launch. Former OpenAI president Greg Brockman, who left the company due to Altman’s firing, is expected to join the new effort. The Information, which first reported the …
(Bloomberg) — WeWork Inc.’s bankruptcy filing marks the conclusion of a fascinating chronicle that exposed alarming flaws in the investment strategy of Japanese billionaire Masayoshi Son. The fallout extends beyond mere financial loss and has tarnished his professional standing for the foreseeable future. Overriding objections from his advisors, Son allocated billions of dollars from both …
You can watch David Faber’s interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on CNBC Pro. In an interview with CNBC, Arm Holdings CEO Rene Haas stated that despite the geopolitical challenges in the past few years, Arm’s China subsidiary is performing well and has great potential in data center and automotive …
Arm CEO Rene Haas and executives cheer as Softbank’s Arm, a chip design firm, holds an initial public offering at the Nasdaq MarketSite in New York, Sept. 14, 2023. Brendan Mcdermid | Reuters Arm Holdings, the chip design company controlled by SoftBank, surged by approximately 25% on its first day of trading, following its initial …
Arm’s highly anticipated debut on the Nasdaq exchange is a major win for SoftBank, which recently spun off the company it acquired in 2016. However, Wall Street is scratching its head over the valuation. The UK-based chip design company saw its stock surge 25% to $63.59 after its initial public offering (IPO), pushing its fully …