Source: SoftBank will invest an initial $7.5B in OpenAI's $40B round, plus $22.5B by 2025's end; other backers include Microsoft, Coatue, Altimeter, and Thrive
Reportedly With a Few Strings Attached Markus Kasanmascheff / WinBuzzer : OpenAI Hits $300 Billion Valuation with SoftBank-Led Tender Deal Robert Lavine / Global Corporate Venturing : SoftBank leads O...
SoftBank commits $3B annually for itself and its subsidiaries to use OpenAI's tech, and launches SB OpenAI Japan to market OpenAI's enterprise tech in Japan
Welcome to Cautious Optimism, a newsletter on tech, business, and power. SoftBank Group Corp. : OpenAI and SoftBank Group Partner to Develop and Market Advanced Enterprise AI The Asahi Shimbun : SoftB...
Nintendo reports Q1 revenue down 46.5% YoY to ~$1.65B, vs. ~$1.92B est., net profit down 55.3% YoY to ~$536M, and Switch sales down 46% YoY to 2.1M units
Here's What We Know About The Switch's Successor Evgeny Obedkov / Game World Observer : Lack of new major games causes Nintendo's Q1 revenue to fall 46.5%, with Switch continuing to slide TechRadar : ...
Xiaomi reports Q2 revenue down 4% YoY to ~$9.24B and a ~$503.4M net profit, beating analyst estimates of ~$440.3M and more than doubling from a year earlier
Kosaku Narioka / Wall Street Journal :
After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter
Kosaku Narioka / Wall Street Journal :
Kioxia Holdings, the chipmaker spun out of Toshiba in 2018, calls off $16B IPO after saying that export restrictions on Huawei were hurting its business
Kosaku Narioka / Wall Street Journal :
Report: Toshiba Memory plans to buy back the shares it sold to Apple, Dell, Kingston, and Seagate last year, as part of a refinancing plan
Benjamin Mayo / 9to5Mac : Source: Wall Street Journal Source: Kosaku Narioka / Wall Street Journal : Toshiba Memory to Buy Out Shares From Apple, Dell