U.S. markets sold off on Monday after a little-known Chinese artificial intelligence start-up ignited concerns about the valuations of technology companies.
Category: SOFTBANK Corporation
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Trump Announces $100 Billion A.I. Initiative
OpenAI, Oracle and SoftBank formed a new joint venture called Stargate to invest in data centers, building on major U.S. investments in the technology.
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SoftBank’s Masa Son Nears His Next Big A.I. Bet: OpenAI
The Japanese tech billionaire is poised to back the start-up, as part of his pledge to go on offense when it comes to investing in artificial intelligence.
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SoftBank’s Chief Pitches a New Path for Self-Driving Cars
Masayoshi Son, the billionaire founder of SoftBank, is trying to rally automakers around the world to join forces on autonomous-driving technologies.
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Where Have All the Chinese I.P.O.s Gone?
Chinese companies’ stock market listings once flooded Wall Street. These days, China’s initial public offerings are in a drought.
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Japan and South Korea Are Fighting Over an App at a Tense Time
SoftBank and Naver helped bridge geopolitical relations with a joint venture to own the operator of the messaging app Line, but now the partnership is fraying.
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Wayve, an A.I. Start-Up for Autonomous Driving, Raises $1 Billion
The London-based developer of artificial intelligence systems for self-driving vehicles raised the funding from SoftBank, Nvidia, Microsoft and others.
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Adam Neumann Wants to Take Over WeWork
Adam Neumann, the co-working company’s onetime chief, has sought for months to buy the now-bankrupt business, but accuses its current leaders of stonewalling him.
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WeWork Files for Bankruptcy Amid Glut of Empty Offices
The move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases.
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WeWork Misses $95 Million in Interest Payments
The skipped payments, another signs of the company’s financial troubles, are intended to start negotiations with lenders, it said.
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Arm’s IPO Will Test Market Appetite for New Stock Offerings
The chip designer will begin trading on Thursday, in the biggest listing of the year. Investors hope it will rejuvenate demand for new stock offerings.
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The Stock Market Hopes Arm’s IPO Is a Hit
Arm, the British chip designer owned by SoftBank, will provide clues as to whether the I.P.O. market may revive after a very quiet year.