Q&A with Arm CEO Rene Haas on changing Arm's culture, working with Arm owner SoftBank, developing Arm's AGI CPU data center chip fabricated by TSMC, and more
Lauren Goode /Wired:
SoftBank plans Vision Fund layoffs; sources: nearly 20% of staff will be impacted as SoftBank shifts resources to Masayoshi Son's large-scale AI bets in the US
- Vision Fund shifts focus to support AI ambitions of founder Masayoshi Son — Son's strategy returns to high-risk, high-reward investments
Bakkt names ex-SoftBank rainmaker Akshay Naheta as co-CEO to help turn around the struggling US crypto trading and custody platform; BKKT is down 62%+ in 2025
Naheta will also be part of the company's board and will work with Andy Main, the firm's current CEO, according to a statement …
Cybereason CEO Eric Gan resigns after a months-long feud with investors SoftBank and Steven Mnuchin; a source says the planned Trustwave merger is also canceled
Bloomberg :
SoftBank says Vision Fund co-CEO Rajeev Misra will step down from his leadership roles; during his 10-year tenure, he led investments in WeWork, Wag, and others
Manish Singh / TechCrunch :
A profile of Sachin Dev Duggal, the CEO of Builder.ai, which offers low-code tools and has raised ~$450M, as sources describe staff retention problems and more
Financial Times : X: @muradahmed X: Murad Ahmed / @muradahmed : Sachin Duggal's https://builder.ai/ is one of the UK's best funded tech unicorns, backed by Microsoft, Qatar and SoftBank. This @FT inv...
WeWork's bankruptcy caps a years-long saga for Masayoshi Son, who overrode lieutenants' objections to hand Adam Neumann billions, losing SoftBank over $11.5B
- Co-working space's bankruptcy highlights billionaire's hubris — Few checks on SoftBank CEO as he prepares to go on offensive
A profile of Rene Haas, who Arm appointed as CEO in February 2022 after Nvidia's Arm acquisition was scrapped and SoftBank shared plans to pursue an IPO instead
Wall Street Journal :
Masayoshi Son says SoftBank plans to go on the “counteroffensive” soon by resuming AI investments; the group has $35B+ after halting investments in recent years
Billionaire chief talks up AI and reveals he had breakdown in October where he questioned his achievements as an entrepreneur
CB Insights: Vision Fund 2 made just one investment in August 2022 and one in September 2022, as SoftBank CEO Masayoshi Son rethinks his strategy
Wataru Suzuki / Nikkei Asia : Tweets: @nikkeiasia and @trengriffin Tweets: @nikkeiasia : FREE TO READ | BUSINESS SPOTLIGHT #SoftBank CEO #MasayoshiSon appears conflicted about what his company should...