What's the Better Foreign Telecom Stock? VEON Ltd. (VEON) vs. SoftBank Group (SFTBY)

entrepreneur.com The telecom industry is well-poised for robust long-term growth, driven by high demand for efficient data connectivity and managed services amid rapid digital transformation…

After WeWork’s fall, what next for SoftBank?

economist.com “H were very strong. Strong, shining eyes.” So Son Masayoshi explained his decision back in 2000 to invest $20m in a Chinese e-commerce startup founded by Jack Ma. By the…

The fall of WeWork shows the deepening cracks in property

economist.com S founded in 2010, WeWork has not once turned a profit. For years its cash-torching ways went unchallenged, thanks to the reality-distorting powers of its flamboyant…

What Arm and Instacart say about the coming IPO wave

economist.com T have long sought to disrupt the initial public offering ( ). They bristle at the thought of the high fees collected by spreadsheet-savvy investment bankers for flogging…

Could OpenAI be the next tech giant?

economist.com T of a new market is like the start of a long race. Competitors jockey for position as spectators excitedly clamour. Then, like races, markets enter a calmer second phase.…

Column: Silicon Valley VCs wanted to believe SBF's lies. Now they want you to believe their excuses

latimes.com Crypto scammer Sam Bankman-Fried, on one of his numerous appearances in a Manhattan federal courthouse before his conviction on seven criminal counts Nov. 2. Sequoia Capital…

The Rise of AI-Powered Stars: Big Money and Risks

hollywoodreporter.com The voice is unmistakable. As the video of a woman wading into the ocean during sunset played, a melodic tune was overlaid: “I woke up, woke up, woke up in a sunshine…

Tencent-Backed AI Drug Discovery Startup Xtalpi Files For Hong Kong IPO

forbes.com Xtalpi, a Shenzhen-based company which uses artificial intelligence to find chemical compounds that could be developed into new drugs, has filed for an initial public…

Midday movers: Snowflake, Salesforce, and more By

investing.com Investing.com -- Main U.S. indexes were mixed on Thursday after inflation and jobs data didn’t change investors' opinion on the timing of Fed rate cuts. The climbed 0.8%,…

Global firms rush to buy Alipay's stake in India's Zomato

reuters.com [1/2] A delivery worker of Zomato, an Indian food-delivery startup, prepares to leave to pick up an order from a restaurant in Mumbai, India, July 13, 2021. REUTERS/Francis…

Sources: Apple pays Arm under 30 cents per device to license Arm's IP, the lowest rate among Arm's smartphone customers; Apple accounts for <5% of Arm's sales

theinformation.com In 2017, SoftBank CEO Masayoshi Son gathered a group of executives from Arm Holdings, the British chip designer SoftBank had just bought, to complain about one of its most…

GM Shares Surge Over 10% After Announcing $10 Billion Buyback, Raising Dividend By 33%, Updating 2023 Guidance

zerohedge.com GM Shares Surge Over 10% After Announcing $10 Billion Buyback, Raising Dividend By 33%, Updating 2023 Guidance General Motors shares are surging more than 10% in the…

Sumitomo to set up base stations to be shared by mobile carriers

asia.nikkei.com TOKYO -- Sumitomo Corp. will begin setting up mobile phone base stations to be shared by the four major telecommunications companies -- NTT Docomo, KDDI, SoftBank and…

GM To Slash Spending On Self-Driving Cruise Unit

zerohedge.com GM To Slash Spending On Self-Driving Cruise Unit After a pedestrian accident last month that led the company to suspend its testing - and drew with it a fresh round of…

Sumitomo to set up base stations shared with mobile carriers

asia.nikkei.com TOKYO -- Sumitomo Corp. will begin setting up mobile phone base stations to be shared by the four major telecommunications companies -- NTT Docomo, KDDI, SoftBank and…

Rakuten's mobile misadventure: from ambitious plan to millstone

reuters.com When Japan's Rakuten (4755.T) launched a mobile service network in 2020, the e-commerce and fintech giant promised to disrupt the world's third-largest telecoms market. It's…

Analysis-Rakuten's mobile misadventure: from ambitious plan to millstone

aol.com When Japan's Rakuten launched a mobile service network in 2020, the e-commerce and fintech giant promised to disrupt the world's third-largest telecoms market. It's done…

China's Alipay to sell its stake in India's Zomato for nearly $400 million

reuters.com The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14,…

Exclusive-China's Alipay to sell its stake in India's Zomato for nearly $400 million -sources

aol.com Chinese payments group Alipay plans to sell its 3.4% stake in Indian food delivery giant Zomato for nearly $400 million through block deals on Indian stock exchanges,…

Tesla on two wheels? India's Ola Electric feels the strains of success

reuters.com [1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. REUTERS/Francis Mascarenhas…

Prefab home builder Veev reportedly shutting down after reaching unicorn status last year

techcrunch.com Veev, a real estate developer turned tech-enabled homebuilder, is on the verge of shutting down after reaching unicorn status last year, according to multiple reports.…

Shein files for U.S. IPO, as fast-fashion giant looks to expand its global reach

cnbc.com A Shein Group Ltd. pop-up store inside a Forever-21 store in the Times Square neighborhood of New York, US, on Friday, Nov. 10, 2023. Shein has confidentially filed to go…

Feeling Lucky? 5 ‘Jackpot’ Stocks to Buy for 2024

investorplace.com Just one massive homerun with these stocks could make millionaires This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered…

It’s not too late to buy Symbotic, an AI-powered automation stock

marketbeat.com Symbotic Inc. NASDAQ: SYM emerged as a must-have next-gen technology over the past year, and its Q3 results prove the thesis. The company's AI-powered warehouse automation…

Sam Altman returns to OpenAI in a bizarre reversal of fortunes

cnn.com Sam Altman has agreed to return to lead OpenAI, the company said in a Tuesday post on X, just days after his surprise ouster as chief executive sparked an employee revolt…

Arm’s successful debut may signal an end to the IPO drought

economist.com P events in financial markets this year were as hotly anticipated as the listing on September 14th of Arm, a British chipmaker whose designs are found in nearly every…

Arm’s public listing is set to break records

economist.com O Arm, a chipmaker whose designs power most of the world’s smartphones, filed for an initial public offering ( ) that could turn out to be the largest of the year. The route…

WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

chicagotribune.com NEW YORK — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office-sharing company that once promised to upend the way people went to work…

WeWork bankruptcy: What's next for coworking office spaces – DW

dw.com WeWork has filed for bankruptcy, a remarkable turnaround in the fortune of a firm that commanded a valuation of $47 billion just a few years back. Does the crash of the…

Private Credit Shops Want Your Money, But Don’t Want You To Take Their Rivals’

dealbreaker.com Private credit barely existed a decade ago. Now, with banks leery of lending to anyone, everyone wants in: DWS Group, Fidelity, Man Group, Marathon Asset Management, Pictet…

WeWork forced to file for bankruptcy

euronews.com WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the…

Walmart-Backed AI Warehouse Tech Company Symbotic Reports Record Revenue; Shares Soar 40%

investopedia.com and Softbank-backed maker of warehouse automation systems Symbotic (SYM) jumped more than 40% Tuesday after reporting record revenue as the company improved margins and…

Bankrupt WeWork enters financing agreements with certain lenders

reuters.com A WeWork logo is seen outside its offices in the Queens borough of New York City, U.S., November 7, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights Nov…

OpenAI Investors Weigh Legal Options Amid Fears Of Collapse

asiafinancial.com Investors in OpenAI are consulting legal advisers to weigh their options, including potentially suing the ChatGPT-maker’s board, in the aftermath of Sam Altman being fired…

Bank accounts caught up in red tape

theweek.com Here are three of the week's top pieces of financial insight, gathered from around the web: A bank crackdown on fraud is sweeping up innocent customers, said Ron Lieber and…

Emmett Shear, the ex-Twitch CEO tasked with stabilizing OpenAI, has some spicy social history

techcrunch.com Emmett Shear, the interim CEO of OpenAI, may be out of a job by the end of the hour, day or week given how fast and unexpectedly things are moving at the world’s hottest hot…

What Does it Mean to be Good for Humanity? Don’t Ask OpenAI Right Now

pymnts.com “Techno-optimist.” “E/acc.” For those following the recent OpenAI drama, you’ve probably seen these words. They adorn the X —formerly known as Twitter — bios of venture…

Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit

nbcnews.com Create your free profile or log in to save this article Create your free profile or log in to save this article Cruise CEO and co-founder Kyle Vogt has resigned from his…

Sam Altman warns AI could kill us all. But he still wants the world to use it

aol.com Sam Altman thinks the technology underpinning his company’s most famous product could bring about the end of human civilization. In May, OpenAI CEO Sam Altman filed into a…

Sam Altman joins Microsoft as OpenAI names its third CEO in 3 days

cnn.com Microsoft has hired Sam Altman to power up its innovation in artificial intelligence after the co-founder of OpenAI was ousted as CEO in a chaotic boardroom coup on Friday.…

Turmoil at OpenAI After Board Coup, Altman Heads to Microsoft

asiafinancial.com ChatGPT developer OpenAI is bracing for a staff exodus and uncertainty around a planned $86 billion share sale after a coup by the company’s board led to the ousting of Sam…

Sam Altman will not return as OpenAI CEO after talks fail

theguardian.com Sam Altman will reportedly not be returning as chief executive of ChatGPT developer OpenAI after talks to reinstate him failed. The non-profit board of the San…

Ousted OpenAI CEO sought billions in Middle East for chip venture

scmp.com Many details of the scale and focus of Altman’s chip ambitions as well as the project’s code name have not been previously reported. Altman has also been looking to raise…

Sources describe how ChatGPT's success widened ideological rifts at OpenAI, and Ilya Sutskever began behaving like a spiritual leader expecting AGI's arrival

theatlantic.com Updated at 10:04 p.m. ET on November 19, 2023 To truly understand the events of the past 48 hours—the shocking, sudden ousting of OpenAI’s CEO, Sam Altman, arguably the…

Altman Sought Billions For AI Chip Venture Before OpenAI Ouster

finance.yahoo.com In the weeks leading up to his shocking ouster from OpenAI, Sam Altman was actively working to raise billions from some of the world’s largest investors for a new chip…

Sam Altman was fundraising in the Middle East for a new chip venture to rival Nvidia before OpenAI's board ousted him

fortune.com In the weeks leading up to his shocking ouster from OpenAI, Sam Altman was actively working to raise billions from some of the world’s largest investors for a new chip…

OpenAI CEO Sam Altman discusses possible return, mulls new AI venture, source says

reuters.com (This Nov. 18 story has been refiled to correct the spelling of 'Khosla' in paragraph 6) Sam Altman, the just ousted CEO of OpenAI, is discussing a possible return to the…

Fear that AI could one day destroy humanity may have led to Sam Altman's (potentially brief) ouster from OpenAI

businessinsider.com may have had differences on how to balance AI innovation with regulation. JACK GUEZ Fears over the speed of AI development at OpenAI may have sowed discord within its top…

WeWork has failed. Like a lot of other tech startups, it left damage in its wake

cbc.ca The worksharing giant WeWork was supposed to fundamentally alter the future of the office. It raised billions of dollars, signed leases in office towers across North…