SoftBank seeks AI investment as Son plans deal spree after Arm IPO -FT

📆 9/16/2023 1:06 PM
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SoftBank's founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI , the newspaper said, citing two people familiar with Son's thinking. SoftBank is also looking at a range of alternatives to OpenAI, including a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the report added.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting -- A massive retreat of funds from Chinese stocks and bonds is diminishing the market’s clout in global portfolios and accelerating its decoupling from the rest of the world.

The owner of sports drink company BioSteel says it has filed for creditor protection in the U.S. and Canada and is trying to find a buyer for the business.Ontario-based Canopy Growth, the largest cannabis company in North America, said in a news statement Thursday that it has ceased funding BioSteel Sports Nutrition Inc., and that BioSteel has commenced proceedings under the Companies Creditors Arrangement Act .

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