SoftBank earnings Q2 FY 2023
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 fiscal …
Masayoshi Son
WeWork files for bankruptcy
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 US …
Jony Ive, Sam Altman wants to create the ‘iPhone for AI’
Jony Ive, the former design chief of Apple and lead designer of the iPhone, is reportedly discussing with Sam Altman, CEO and founder of OpenAI, the development of an “iPhone …
Arm China ‘doing well,’ CEO says, as Son reduces China exposure
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 data …
Arm is trading at a premium to Nvidia after IPO pop even though it’s a ‘no-growth company’
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 chip …
(ARM) starts trading on the Nasdaq in win for SoftBank
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, 2023. …
WeWork Shares, Formerly Valued at $47 Billion, Approach Zero Following Bankruptcy Warning
NEW YORK: WeWork shares approached zero on Wednesday after the one-time startup darling warned it could go bankrupt in a stunning reversal of fortune for a company that was once …
September IPO of SoftBank’s Arm aims for value surpassing $60 billion
TOKYO: SoftBank Group Corp’s semiconductor unit Arm Ltd is planning an IPO with a valuation between $60 billion and $70 billion in September, driven by the growing interest in artificial-intelligence …