Former SoftBank Exec Launches Stablecoin Backed By UAE Dirham Akshay Naheta's company, DTR, aims to protect individuals from high inflation in emerging markets. Zenger · Oct 3, 2023
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 The Independent UK · Sep 14, 2023
Arm’s move to Nasdaq not all plain sailing as US market shows scepticism on IPOs The chipmaker’s price tag was once touted as $70bn, then $64bn, but is now expected to be between $50bn and $55bn The Guardian - UK · Sep 4, 2023
Why Arm is poised to have the largest IPO this year Its chips are used in just about every smartphone today. Fortune · Aug 22, 2023
A.I., a new ‘superhuman’ and the Fourth Industrial Revolution is just the latest revival of Friedrich Nietzsche’s ‘Superman’ concept In 1883, the German philosopher famously pronounced “God is dead” because of humanity’s technological advances. We are still living in the aftermath. Fortune · Aug 13, 2023
From $47 billion to $270 million—WeWork, the Adam Neumann brainchild, keeps crashing after a 'going concern' warning "Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday. Fortune · Aug 9, 2023
SoftBank deprioritizes speed, goes all in on A.I. as it reports 343 of its portfolio companies have lost value The investment firm known for writing enormous checks at a rapid pace has entirely changed its tune. Fortune · Aug 9, 2023
SoftBank’s Arm targets $60 billion-plus value for September IPO TOKYO: SoftBank Group Corp’s semiconductor unit Arm Ltd is targeting an initial public offering at a valuation of between $60 billion and $70 billion as soon as September, a sign of bullish interest in artificial-intelligence chips, according to people familiar with the matter. The Times of India · Aug 2, 2023
‘I am chatting with ChatGPT every day’: SoftBank’s billionaire boss says he’s a ‘heavy user’ of OpenAI's chatbot Softbank's Vision Funds, the group's flagship venture funds, lost $32 billion last year. Fortune · Jun 20, 2023
Are rich crypto bros worse than other rich tech bros? The insufferable behavior of the disgraced Three Arrows founders is the latest bad look for crypto. Fortune · Jun 13, 2023
World's top 20 richest sports team owners as Man Utd bidder Sir Jim Ratcliffe in at No.6 Billionaire Sir Jim Ratcliffe, owner of OGC Nice and one of the bidders for Manchester United, is among the richest owners of sporting institutions around the world Daily Mirror · Apr 6, 2023
SoftBank Group founder Masayoshi Son meets startup founders in Delhi NEW DELHI: Billionaire investor and SoftBank Group Founder Masayoshi Son on Tuesday met founders and CEOs of some prominent startups during his day-long visit to the national capital, according to sources. The Times of India · Mar 7, 2023
Elon Musk Breaks Guinness World Record For Largest Fortune Loss Elon Musk made it to the Guinness World Records for the "largest loss of personal fortune:" from $340 billion in November 2021 to $137 billion in January 2023. InsideEVs · Jan 10, 2023
Rishi Sunak restarts talks on London listing for UK tech firm Arm Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO The Guardian - UK · Jan 9, 2023
Al Jazeera · Dec 22, 2022 What is the post-FTX future of cryptocurrency? Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.
Fortune · Nov 15, 2022 The biggest and fastest net-worth losses of our time While Sam Bankman-Fried lost his whole fortune last week, he's not the first billionaire to see a dramatic drop in net worth.
Benzinga · Nov 14, 2022 SoftBank Can't Catch A Break: Fund Invested $100M In FTX Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.
Evening Standard · Sep 29, 2022 SoftBank cuts 150 jobs as investments plummet It comes just weeks after the firm posted a staggering $23 billion (£19 billion) net loss
Financial Times · Aug 13, 2022 Masayoshi Son sounds a warning for vision-peddlers everywhere The SoftBank founder has sent investors an uncharacteristic message of risk aversion — and that’s a problem for Japan
Benzinga · Aug 8, 2022 Why SoftBank's Billionaire CEO Can't Harness His Inner Warren Buffett And Buy The Market Dip Japanese investment heavyweight SoftBank Group Corp reported a record $23-billion quarterly loss on Monday.
The Guardian - UK · Aug 8, 2022 SoftBank CEO ‘ashamed’ of pride in past profits as record losses prompt cost cuts Japanese technology and investment group is seeking to float UK-based chip maker Arm
The Guardian - UK · Jul 19, 2022 SoftBank ‘halts plans’ for Arm’s London listing amid political instability Loss of UK chip designer’s flotation would jeopardise capital’s attempt to prove it can compete against US
Benzinga · Jun 24, 2022 Benzinga Before The Bell: Gun Safety Bill. Bill Gates North Dakota Outrage, Sanofi-GSK's Covid-19 Vaccine's Omicron Efficacy And Other Top Financial Stories Friday, June 24 Reuters
The Guardian - UK · Jun 24, 2022 Owner of UK chip designer Arm says London still in running for flotation SoftBank chief has been lobbied to bring public offering to the UK but says Nasdaq still his ‘main preference’
Benzinga · Jun 24, 2022 Softbank's Masayoshi Son Emphasizes Chances Of US Listing For Arm Softbank Group Corp (OTC:SFTBY) founder and CEO Masayoshi Son stressed the possibility of British-based chip designer unit Arm Ltd listing on Nasdaq pending a final decision, Reuters reports. "Most of Arm's clients are based in Silicon Valley and ... stock markets in the U.S. would love to have Arm," Son told at the annual…