The Trump administration continues to explore taking an equity stake in chipmaker Intel, with the latest reports putting the potential ownership position at 10 percent. This could make the U.S. government the company’s largest shareholder. At the same time, Japanese investment powerhouse SoftBank is pumping $2 billion into the chipmaker.
President Donald Trump announced Tuesday that three major tech executives are teaming up to invest half a trillion dollars in American artificial intelligence infrastructure.
OpenAI CEO Sam Altman is pursuing a wildly ambitious plan that could require raising up to $7 trillion to reshape the global semiconductor industry and expand AI capabilities.
WeWork, the flexible workspace solutions company that was once the darling of startup-crazyed Wall Street, is facing the grim reality of bankruptcy, with its stock plummeting to new lows amid ongoing financial turmoil.
Softbank has warned about deeper losses for the year due to a whopping $6.6 billion write-down on its WeWork investment.
Japanese investment powerhouse SoftBank has confirmed that it will not be purchasing $3 billion worth of WeWork shares, citing multiple “significant” criminal and civil investigations into WeWork and its finances among other factors.
The ongoing collapse of the office-sharing company WeWork is the result of derelict board members and greedy financiers who failed to rein in the erratic behavior of former CEO Adam Neumann, according to a new investigative report.
The beleaguered shared-workspace company WeWork is facing a new challenge in the form of an investigation by the New York State Attorney General, according to a new report.
Financially troubled “shared workspace” company WeWork has found a lifeline that will save the company from running out of cash but will result in a significant hit to its valuation, according to a new report.
Embattled co-founder and CEO of WeWork Adam Neumann is reportedly leaving following a rocky tenure that has been plagued by allegations of outrageous conduct, including alleged drug use and his copyrighting of the word “We” which he charged his own company to use.
SoftBank CEO Masayoshi Son suggested he was considering investing in Lyft instead during ongoing negotiations with Uber over a potential sale of shares, according to a report.
Uber’s founder and former CEO, Travis Kalanick, retaliated against Uber’s board of directors by appointing two new board members last week in what looks like the opening round in a battle for control of Silicon Valley’s most valuable tech unicorn.
Former Uber CEO Travis Kalanick, who was forced out six weeks ago, is reported to be trying to generate shareholder support to take back control of the company, which was once worth $62 billion.
SoftBank CEO Masayoshi Son claimed artificial intelligence will become smarter than humans within 30 years, during a speech at the Mobile World Congress on Monday.
Amazon announced that it will he hiring 100,000 new employees during the next year-and-a-half. The good news – about 1,000 of these jobs are expect to come to Houston, Texas.
In the wake of reports that SoftBank Group Corp. founder and Chief Executive Officer Masayoshi Son was set to meet with Donald Trump in New York, the President-elect announced that the Japanese telecommunications company will invest up to $50 billion in the U.S. which includes plans to create 50,000 new jobs here.
