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SoftBank

ChatGPT creator wants to raise billions of dollars, here’s why |

by Ev Richard
ChatGPT creator wants to raise billions of dollars, here’s why |

Sam Altman, the CEO of OpenAI, has been looking to raise billions of dollars from global investors to set up a network of factories that will manufacture semiconductors. Several individuals …

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Categories Technology

Paytm: Warren Buffett-led Berkshire Hathaway exits Paytm, here’s how much the billionaire made

by Ev Richard
Paytm: Warren Buffett-led Berkshire Hathaway exits Paytm, here’s how much the billionaire made

Berkshire Hathaway, the investment firm billionaire Warren Buffet, has sold its entire 2.46 per cent stake in One97 Communications, the parent company of fin-tech company Paytm, for Rs 1,371 crore. …

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Categories Technology

Read: WeWork India’s statement on the company’s bankruptcy filing

by Ev Richard
Read: WeWork India’s statement on the company’s bankruptcy filing

WeWork, the flexible office space startup, co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock, and Goldman Sachs, has filed for Chapter 11 bankruptcy protection in the US. The company, …

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Categories Technology

Jony Ive, Sam Altman wants to create the ‘iPhone for AI’

by Ev Richard
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 …

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Categories Technology

Kroger, Albertsons to sell 400 stores, some California groceries

by Abhishek soni
Kroger, Albertsons to sell 400 stores, some California groceries

Albertons, which owns Safeway, is in talks along with Kroger to sell over 400 stores. Getty Images Kroger and Albertsons are in talks to sell more than 400 grocery stores …

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Categories Lifestyle

ARM and Apple sign a long term deal ahead of IPO

by Ev Richard
ARM and Apple sign a long term deal ahead of IPO

Apple has signed a new deal with Arm for chip technology that extends beyond 2040, according to Arm’s IPO documents filed on Tuesday, as reported by Reuters.“We have entered into …

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Categories Technology

Softbank in talks to buy Vision Fund’s stake in chip designer Arm

by Ev Richard
Softbank in talks to buy Vision Fund’s stake in chip designer Arm

SoftBank is reportedly in talks to buy the remaining 25% stake in Arm from Vision Fund 1, a $100 million fund it raised back in 2017, reports Reuters citing people …

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Categories Technology

September IPO of SoftBank’s Arm aims for value surpassing $60 billion

by Craig Fedirighi
September IPO of SoftBank’s Arm aims for value surpassing  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 …

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Categories Business

Paytm, Backed by SoftBank, Reports Reduced Loss Following User Growth

by Craig Fedirighi
Paytm, Backed by SoftBank, Reports Reduced Loss Following User Growth

Paytm posted a narrower loss after winning more users, helped by a campaign to target customers such as small merchants. The SoftBank Group Corp.-backed fintech company reported a net loss …

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Categories Business

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