SoftBank Group’s stock rebounded, helped by the Japanese company’s possible participation in an OpenAI funding round that may better position Masayoshi Son in a race over artificial intelligence. SoftBank’s Vision Fund plans to invest US$500 million in OpenAI, the Information reported, citing a person familiar with the deal. OpenAI is in talks to raise US$6.5 … Read more
SoftBank Group has acquired British semiconductor start-up Graphcore, as the Japanese firm seeks to strengthen its investments in chips and artificial intelligence. The companies announced the deal on Friday without disclosing financial terms. Bristol-based Graphcore will operate as a SoftBank subsidiary and keep its management team, Nigel Toon, Graphcore’s chief executive officer, told reporters in … Read more
Saudi Arabia’s new US$100 billion investment firm announced a string of deals Tuesday, including partnerships with SoftBank Group and a Chinese surveillance equipment maker to set up local manufacturing facilities, as part of the kingdom’s efforts to transform itself into an industrial powerhouse. The new vehicle, Alat, and SoftBank will invest as much as US$150 … Read more
Arm Holdings has recently laid off over 70 software engineers in China though it will relocate some of the roles outside of the Asian nation, according to people with knowledge of the move. The British firm’s actions mirrored those of major chip companies including Qualcomm that have cut back on the global staffing level earlier … Read more
