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
Sources: SoftBank held talks with Intel about making an AI chip to compete with Nvidia, but Intel couldn't meet the requirements; SoftBank is talking to TSMC
Son hopes to put Japanese group at centre of artificial intelligence boom but talks with US chipmaker failed to progress
Sources: Arm plans to set up an AI chip division, aiming to build a prototype by spring 2025, with mass production expected to start later in the year
CEO Son seeks to invest $64bn, including in data centers and robotics — TOKYO/LONDON — SoftBank Group subsidiary Arm will foray …
Sources: Masayoshi Son seeks up to $100B for an AI chip venture to rival Nvidia; one scenario involves $30B from SoftBank and $70B from Middle Eastern investors
Welcome to Runtime! Today: why ridiculous sums of money … Pranav Dixit / Business Today : After Sam Altman, SoftBank founder Masayoshi Son joins AI chip race to challenge Nvidia dominance Rupam Roy /...
Location and mapping startup Mapbox raised $280M led by SoftBank, sources say at a ~$1.3B pre-money valuation; PitchBook says Mapbox had raised $360M to date
Son's decision to back US mapping company in $280mn investment round comes in wake of Arm listing
Masayoshi Son owes SoftBank ~$5.1B on side deals he set up to boost his compensation, as his unrealized losses grew ~$400M from three months before
Masayoshi Son is now personally on the hook for about $5.1 billion on side deals he set up at SoftBank Group Corp. to boost his compensation … Tweets: @pelstrom , @pelstrom , and @iamsamirarora Tweets...
Sources: SoftBank COO Marcelo Claure is leaving as soon as today; reports said Claure wanted $2B in compensation and clashed with Son over his responsibilities
- SoftBank COO Marcelo Claure is leaving SoftBank today, sources say. — Claure took over running WeWork after founder Adam Neumann stepped down.
Sources detail how Elliott Management helped Masayoshi Son save SoftBank from financial ruin in the spring; sources say Elliott now owns $5B+ in SoftBank shares
Wall Street Journal : Tweets: @katekelly , @aridavidpaul , @wsjmarkets , and @skupor Tweets: Kate Kelly / @katekelly : What happened at @SoftBank when the activist hedge fund Elliott, known for its i...
Interviews shed light on the strained relationship between Masayoshi Son and Vision Fund leader Rajeev Misra, who some say has created a divisive workplace
Son's support tested after $18 billion in writedowns, clashes with internal rivals — In early March, before the coronavirus pandemic triggered … Tweets: @economictimes , @andresbarreto , @bradstone ...
Current and ex-employees of SoftBank's Vision Fund describe an environment of sycophancy towards Son, harassment, rivalries, and a culture of recklessness
Masayoshi Son's venture capital firm is famous for making outsize bets on tech startups. It has also been described as an environment of sycophancy and harassment. Tweets: @bw , @puiwingtam , @shirao...