OpenAI’s new corporate structure sets the stage for what legal experts believe is a complex relationship between its nonprofit parent and for-profit subsidiary that could be the subject of future litigation. Earlier this week, the parent of ChatGPT said it would keep its nonprofit parent...
Twenty One Capital, a new company formed by Cantor Fitzgerald, Tether Holdings SA, and SoftBank Group, is about to become one of the largest public holders of bitcoin. A Reuters report said the entity will launch with over 42,000 bitcoin (valued at about $3.6 billion),...
Chip designer Arm reportedly plans to become a chip manufacturer. Arm, which has traditionally designed chips and licensed those designs to companies like Apple and Nvidia, plans to introduce the first chip it made in-house as soon as this summer, the Financial Times (FT) reported...
SoftBank reportedly is leading a $500 million investment round in Skild AI, a startup developing general intelligence for robots that can be adapted to perform different tasks. Typically, robots are trained to do limited tasks. The startup developed what it calls the Skild brain, which...
March 21, 2024
Saudi Arabia aims to carve out a leadership role in the burgeoning artificial intelligence (AI) field with a proposed $40 billion investment fund, as The New York Times reported. The country is one of many global giants in the race to shape the future of AI, including Andreessen Horowitz and Nvidia, with investments in generative […]
June 29, 2021
In its latest move to redefine the firm’s relationship to robotics, SoftBank announced that it has halted production on its Pepper robot. It is the firm’s second major move away...
February 11, 2020
In today’s top payments news, Mastercard was approved for a bank card clearing business in China, and a judge rejected Uber and Postmates’ request to stop California’s new gig economy law....
February 11, 2020
For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand...
May 12, 2025
SoftBank’s lofty artificial intelligence ambitions are reportedly colliding with the harsh reality of tariffs. The Japanese conglomerate’s plan to invest $100 billion in AI infrastructure in the United States has slowed, Bloomberg reported Monday (May 12), as risks related to White House tariffs have hindered financing discussions. Earlier this year, SoftBank and OpenAI embarked on […]
April 23, 2025
Twenty One Capital, a new company formed by Cantor Fitzgerald, Tether Holdings SA, and SoftBank Group, is about to become one of the largest public holders of bitcoin. A Reuters...
February 13, 2025
Chip designer Arm reportedly plans to become a chip manufacturer. Arm, which has traditionally designed chips and licensed those designs to companies like Apple and Nvidia, plans to introduce the...
February 03, 2025
OpenAI and the SoftBank Group agreed to establish a joint venture company that will market enterprise artificial intelligence solutions to major companies in Japan. The joint venture, SB OpenAI Japan,...
