The companies have announced a new blockchain-based solution that will bring the distributed ledger technology to the telecommunications industry.
The OpenAI employees have a chance to sell $1.5 billion worth of shares to SoftBank, with the offer expiring by December 24.
According to a shareholder letter, Arm is well positioned to benefit from the AI boom, and is offering its services to big players.
Keywords Studios said that the team, consisting of Andy Norman, Rocco Loscalzo, Vaughan O’Brien, and Roger Cheung, will continue to lead the business after the successful completion of the acquisition.
Nvidia has unveiled the H200 chips, which is a significant improvement from H100, and is expected to be available from Q2 2024.
Didi was initially listed on the New York Stock Exchange but then it was compelled to delist due to regulatory issues in China.
Softacom CEO predicted that Artificial General Intelligence (AGI) would be realized within the next decade.
In addition to the metaverse, Improbable attributed the robust financial earnings to a decrease in the cost of hosting large-scale virtual events.
During the Arm IPO, about 95.5 million ADSs will be issued by SoftBank Group’s subsidiary with underwriters having access to 7 million more shares to cover over-allotments.
Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry.
Stack AV has a team of experienced developers working on an AI-powered technology to increase productivity and efficiency in truck businesses.
The tech industry was abuzz in 2020 when Nvidia announced its ambitious plan to acquire Arm Holdings from SoftBank for a staggering $40 billion before its planned IPO.
Only 9.5% of the Arm American Depository Shares would be available to the general public at the IPO, while SoftBank retains the rest.
Arm was acquired by SoftBank in 2016 for $32 billion and expects to return to public trading to compete with other chip designers and manufacturers.
Arm is scheduled to go public in September, with the listing of its shares on the Nasdaq exchange. Arm’s market capitalization by that time is expected to be $60 billion to $70 billion, which would make the deal the world’s biggest initial public offering so far this year.
The SoftBank loss surprised analysts who were expecting the company to report a gain, even though the company’s investment arm is up.