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The Latest Breaking News from Masayoshi Son

Softbank’s CEO says you’ll end up like a mindless goldfish if you don’t get on board with AI

“Take advantage of it or be left behind,” warned Masayoshi Son, whose early bet on Alibaba built his reputation as a tech visionary.

Fortune

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

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

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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

Why Arm is poised to have the largest IPO this year

Its chips are used in just about every smartphone today.

Fortune

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

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

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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

Softbank's Vision Fund Dials Back Investments

SoftBank's recent investments have led to the company losing millions of dollars, including FTX and WeWork.

The Street

‘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

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

SoftBank Group logs $7.2 billion full-year loss on tech woes

Tokyo (AFP) - SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested.

AFP

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

SoftBank Group reports $5.9 bn third-quarter loss on tech slump

Tokyo (AFP) - Japan's SoftBank Group on Tuesday reported a surprise $5.9 billion net loss in the third quarter, as a slump in the tech sector continued to hit the investment behemoth's bottom line.

AFP

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InsideEVs

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.

The Guardian - UK

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

Al Jazeera

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

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.

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Benzinga

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.

AFP

SoftBank Q2 net profit boosted by sales of Alibaba shares

Tokyo (AFP) - Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from the recent reduction of its stake in Chinese e-commerce giant Alibaba.

AFP

SoftBank posts Q2 net profit after Alibaba share sales

Tokyo (AFP) - Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from its recent reduction of its stake in Chinese e-commerce giant Alibaba.

Evening Standard

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

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

The Street

After Record Losses, a Fund's Leader Looks to Samurai History

SoftBank's Vision Fund lost nearly $22 billion in the latest quarter.

Benzinga

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.

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