Klarna sets up UK holding company in move toward IPO
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Buy now, pay later firm Klarna has established a holding company…
SoftBank-backed Improbable slashes losses by 85% after metaverse pivot
Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Virtual reality startup…
ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here’s why
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan…
Arm China ‘doing well,’ CEO says, as Son reduces China exposure
You can watch David Faber’s interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on CNBC Pro. Arm’s China subsidiary is “doing well” with strong potential in data…
(ARM) starts trading on the Nasdaq in win for SoftBank
Arm CEO Rene Haas and executives cheer, as Softbank’s Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023.…
Tech IPOs are coming back — now they have to perform
InstaCart employees fulfill orders for delivery Patrick T. Fallon | Bloomberg | Getty Images Tech investors last week finally heard utterance of their favorite three-letter acronym: IPO. It’s been 20…
What it means for IPO market, SoftBank
Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks in front of a screen displaying the ARM Holdings logo during a news conference in Tokyo on…
Japanese tech giant reports surprise loss
SoftBank reported a surprise loss in the first quarter covering April-June, despite an investment gain from its massive tech-focused Vision Fund. Here’s how the company did: The SoftBank group reported…
Why Japan is lagging behind in generative AI and creation of LLMs
Japan is known for its futuristic technology. But the nation is lagging behind in the generative AI race and is trying to create its own large language models. Mr.cole_photographer |…
SoftBank to shift from ‘defense mode’ to ‘offense mode,’ says CEO Masayoshi Son
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Kiyoshi Ota | Bloomberg | Getty Images SoftBank Group chairman and CEO Masayoshi Son on Wednesday said that the…