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SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit

The Japanese firm posted a $7.7 billion quarterly profit and is ready to chase fresh profits with n…

Hasan Chowdhury   


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View CEO Rao Mulpuri, who saw the glassmaker go from investor darling to declaring bankruptcy, has resigned

View filed for bankruptcy in April three years after going public. CEO Rao Mulpuri has left the now…

Hayley Cuccinello   


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1 min read

SoftBank could invest $500 million in OpenAI, new report says

SoftBank is making a significant $500 million investment in OpenAI, highlighting the growing signif…

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4 mins read

OpenAI is just one piece of the puzzle in SoftBank's grand vision for AI

With a bet on OpenAI, Masayoshi Son will add another piece to the puzzle as he looks to bring sever…

Hasan Chowdhury   


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Nvidia stock is undervalued because AI companies need to spend another $9 trillion to achieve superintelligence, Softbank CEO says

Masayoshi Son believes artificial superintelligence will be achieved in 2035, and will require huge…

Matthew Fox   


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5 mins read

The investors behind OpenAI's historic $6.6 billion funding round

OpenAI has raised $6.6 billion in a new funding round that's also one of the largest private invest…

Alex Bitter,Ana Altchek,Hasan…   


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What to know about Perplexity, the buzzy — and controversial — AI startup targeting a big funding round

Perplexity has raised hundreds of millions from Jeff Bezos and Nvidia while clashing with top media…

Geoff Weiss   


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OpenAI's latest funding round could be a bargain or a bust for investors

If OpenAI were to IPO tomorrow at its $157 billion valuation, it would be the second-largest Americ…

Dan DeFrancesco   


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FirstCry's parent firm Brainbees Solutions gets Sebi's go ahead to float IPO

These companies -- who filed their preliminary IPO papers with Sebi between January and May 2024…

PTI   


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Elon Musk called OpenAI 'evil' for telling investors not to fund his company and other rivals

The xAI founder called OpenAI "evil" after reports about OpenAI asking investors not to fund its ri…

Lloyd Lee   


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VCs are rushing to meet with former OpenAI CTO Mira Murati in hopes of funding a new company

Venture capitalists pursue Mira Murati after her departure from OpenAI, as the company closes in on…

Sri Muppidi   


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Middle East wealth funds are scrambling to rescue their big bets on the future

The sovereign wealth funds of Saudi Arabia and Abu Dhabi have made big bets on tech firms that now …

Hasan Chowdhury   


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4 mins read

Marcelo Claure and Paul Judge bought SoftBank's diversity fund. Now they're trying to raise $200 million for it.

Claure and Judge are trying to recreate and capitalize on the success of the fund's first vehicle w…

Vishal Persaud   


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Zomato stock up after 10 crore shares worth ₹947 crore change hands

Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of th…

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Looks like Masayoshi Son's plan to go all in on AI is starting to pay off for SoftBank

SoftBank posted a quarterly profit of about $1.5 billion, driven by its big bet on the chip designe…

Hasan Chowdhury   


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4 mins read

Paytm stock searches for a new bottom despite assurances by the management

The restrictions placed on PayTM Payments Banks (PPBL) by the regulator has triggered a sharp sello…

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1 min read

SoftBank sells another 2% stake in Paytm, offloads ₹3,800 cr worth shares in FY24

Japanese investment giant SoftBank has sold an additional 2 per cent stake in Paytm's parent compan…

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IPO-bound FirstCry's CEO Supam Maheshwari offloads shares worth Rs 300 crore: Report

FirstCry CEO has also listed himself as a selling shareholder in the public issue, according to the…

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3 mins read

Bull run bonanza yields almost ₹1 lakh crore in exits for PE/VC investors

Thanks to the bull run which has also seen the market change its view on new-age companies — the ye…

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3 mins read

Uber is reviving its robotaxi dreams — with help from some former rivals

Uber is partnering with the likes of Wayve and Cruise to offer robotaxis to customers on its platfo…

Hasan Chowdhury