OpenAI Boss Sam Altman Seeks *Trillions* to Fund AI Chip Production
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.
SoftBank
Startup Darling WeWork Teeters on the Brink of Bankruptcy
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.
Japanese Investment Giant Softbank Forecasts $6.6 Billion WeWork Write-Down
Softbank has warned about deeper losses for the year due to a whopping $6.6 billion write-down on its WeWork investment.
Japanese Investment Firm Abandons Plans to Pump $3 Billion into WeWork
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.
Report: WeWork Collapse Resulted from Derelict Board Members, Irresponsible Financiers
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.
Report: New York State Attorney General Investigates WeWork as Mass Layoffs Loom
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.
Report: WeWork Rescued by Japan’s SoftBank, Former CEO Gets $1.7B Payout
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.
Report: WeWork CEO Adam Neumann Stepping Down
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 Threatens to Invest in Lyft Instead of Uber
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 Outed CEO Travis Kalanick Appoints 2 Board Members in Control Battle
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 May Try to Retake Control
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: Artificial Intelligence Will Be Smarter Than Humans Within 30 Years
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.
After Trump Election, Amazon Brings 1,000 Jobs to Texas
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.
Trump Announces Japanese Telecom Co. Will Invest $50 Billion to Create 50,000 Jobs in U.S.
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.
