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The next phase of SoftBank CEO Masayoshi Son’s plan to make the company a leader in artificial intelligence is coming into focus. And it is complicated—and potentially costly.
SoftBank has recently talked with banks about borrowing money to fund investment of up to $10 billion in energy-related projects, where AI is driving an enormous increase in demand, according to a person with direct knowledge of the discussions. SoftBank also is exploring ways to gain access to a large volume of Nvidia’s graphics pro
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The Information
The United Airlines flight was traveling from Los Angeles to Denver on Monday. Read more ›
4,381 fresh
Season 2, episode 4 of "House of the Dragon" sees the season's first major character death. Rhaenys dying was necessary to start the war. Read more ›
2,628 fresh
Airline rating company Skytrax has released its 2024 list of the world's best low-cost airlines with AirAsia taking home the top spot. Read more ›
2,623 fresh
Johns Hopkins medical students with family incomes under $300,000 will get free tuition starting in fall 2024 to help reduce student debt loads. Read more ›
1,807 fresh
Kids may have a harder time sneaking out with Tesla's rumored update that sends notifications when the car is driven past curfew. Read more ›
1,797 fresh
The Bridgewater Associates founder welcomed giving people some financial "wiggle room," but said no-strings cash payments may have negative outcomes. Read more ›
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The Netflix show's creators are already working on more stories in their Karate Kid universe. Read more ›
1,259 fresh
David Ellison's plans for Paramount don't just include making better TV shows and movies. They call for better tech. How's that going to work? Read more ›
1,250 fresh
Former President Donald Trump's platform for the GOP outlines 20 principles, ranging from the economy to keeping "men out of women's sports." Read more ›
1,227 fresh
Jeff Bezos frequently said you should think about what's unlikely to change in the future when building a business strategy. Read more ›
1,164 fresh
The Chicago Board Options Exchange (Cboe) has officially asked the SEC to let asset managers VanEck and 21Shares bring a Solana-based exchange-traded fund (ETF) to the market. Read more ›
1,131 fresh
Respawn Entertainment has announced Apex Legends' upcoming Season 22 will make significant changes to the free-to-play shooter's Battle Pass "experience", by releasing two Battle Passes per season instead of one, and then charging full price for each. As of Season 22, Apex Legends will ditch its current season-long Battle Pass in favour of two half-season Battle Passes - one launching at a season's start and another at its mid-point "split"... Read more ›
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Dr. Kevin Cannard, a neurological expert, met at least once with President Joe Biden's doctor. Read more ›
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Microsoft employees without an Apple device will be issued a free iPhone 15, Bloomberg reported. Read more ›
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The overall market of tokenized U.S. Treasury products has reached $1.8 billion, up from $780 million in January, rwa.xyz data shows. Read more ›
827 fresh
Piranha Bytes, the Embracer-owned German studio behind the Gothic, Risen and ELEX series, has reportedly shut down. The embattled publisher Embracer had been seeking a buyer for Piranha Bytes as part of its vast and brutal swathe of cost-cutting that saw multiple studios shut and more than 4500 people lose their jobs - though ultimately was unsuccessful. Job losses at Piranha Bytes were first reported at the end of last... Read more ›
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Scalpers have used a security researcher’s findings to reverse-engineer “nontransferable” digital tickets from Ticketmaster and AXS, allowing transfers outside their apps. The workaround was revealed in a lawsuit AXS filed in May against third-party brokers adopting the practice, according to 404 Media, which first reported the news. The saga began in February when an anonymous security researcher, going by the pseudonym Conduition, published technical details about how Ticketmaster generates its... Read more ›
807 fresh
As A Quiet Place: Day One hits theaters, and Beetlejuice Beetlejuice prepares to build a plot out of a gag from the original, we take a look at a few more seemingly innocuous movie lines that could be transformed into stories in their own right. Read more ›
711 fresh
The Information
As résumés go, Derek Rundell’s is a doozy. The self-described serial entrepreneur briefly worked as a consultant for Michael Jackson, the late pop star, and he wrote, directed and acted in “Zombie Sitter,” a low-budget movie about a preteen navigating a post-apocalyptic world following a meteor shower that has turned the population into the walking dead. But in 2013, Rundell started working for a powerful client: Eric Schmidt, a longtime... Read more ›
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The next phase of SoftBank CEO Masayoshi Son’s plan to make the company a leader in artificial intelligence is coming into focus. And it is complicated—and potentially costly. SoftBank has recently talked with banks about borrowing money to fund investment of up to $10 billion in energy-related projects, where AI is driving an enormous increase in demand, according to a person with direct knowledge of the discussions. SoftBank also is... Read more ›
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Runway, already the best funded among a cluster of startups developing artificial intelligence software to generate videos for Hollywood and more amateur filmmakers, is trying to strengthen that lead with a new round of financing. The firm is in talks with investors to raise $450 million at about a $4 billion valuation, according to a person involved in the deal and a person who spoke with Runway executives. General Atlantic,... Read more ›
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Saks Fifth Avenue parent company HBC has agreed to buy rival Neiman Marcus for $2.65 billion, with Amazon taking a minority stake in the newly combined company, the Wall Street Journal reported on Wednesday. The Journal did not report the size of Amazon’s stake in the new company, which will be ... Read more ›
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Welcome, Weekenders! In this newsletter:Where Sam Altman, Jeff Bezos and Tim Cook are going next week25 great TV shows and movies for summer 2024Plus: a jailhouse monster; how Juul caught fire; and a wonderland of Miyazaki-style magic.With the Fourth behind us, I suppose we’d all do best to grit our teeth and prepare ourselves for the slog toward the next big occasion on America’s collective calendar, Election Day. The monthslong... Read more ›
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Happy anniversary, Andy Jassy! Well, almost. On Friday, the Amazon CEO will celebrate the third anniversary of his ascension to the top job. And this year Jassy has something to really celebrate.Amazon’s stock closed today at $200, its highest point ever. It’s also 14% higher than when Jassy took the reins, which might not sound like a lot but, hey, don’t forget Amazon stock cratered with the 2022 stock market... Read more ›
1
SoftBank is discussing with banks how to fund investments of up to $10 billion in energy-related projects, as artificial intelligence drives an enormous increase in demand for power, The Information reported. The company is also exploring ways to secure access to a large volume of Nvidia’s ... Read more ›
1
Sometime in the next few months, a judge is expected to rule on the U.S. Department of Justice’s antitrust lawsuit against Google over its dominance of internet search. One of the biggest risks Google faces is the possibility that the judge will end the agreement making Google the default search engine on Apple’s Safari app for iPhones. For several years, Google has been trying to protect itself against that possibility... Read more ›
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Another day, another barrage of stories about fretful Democratic donors, worried Democratic insiders and a defiant reelection campaign from President Joe Biden. If you’re a liberal Silicon Valley or Hollywood type with strong Biden allegiances and political proclivities, you may find yourself stuck between two playbooks used in business.One would dictate ignoring Biden’s critics, battening down the hatches and riding out the news cycle. Plenty of business success stories are... Read more ›
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Maybe tech companies need to put European regulators on their boards! The European Commission on Monday added Meta Platforms to the list of companies that are not complying with its new Digital Markets Act. The agency doesn’t like the fact that Meta is giving Europeans the choice of either paying a subscription fee for Facebook and Instagram, or paying nothing and agreeing to the use of their data in targeted... Read more ›
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Most popular sources
Business Insider
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54% 1 |
Gizmodo
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5% 2 |
Eurogamer.net
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5% 2 |
MacRumors
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5% 1 |
Android Authority
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4% 2 |
| View sources » | |
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08.07.2024 18:25
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News rating updated: 01:20.
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