Ten years from now, artificial intelligence (AI) will be 10,000 times smarter than humans, SoftBank CEO Masayoshi Son reportedly said Friday (June 21). Speaking during SoftBank’s annual general meeting of shareholders, Son dubbed this degree of AI “artificial super intelligence (ASI),” CNBC reported Friday. Son added that within...
Revolut is reportedly planning a share sale and seeking a valuation that would be close to that of Lloyds Banking Group. The British FinTech is seeking a valuation of greater than $40 billion as it works to sell about $500 million worth of employee shares...
Japan’s SoftBank is reportedly planning to invest nearly $9 billion in artificial intelligence (AI). The tech company’s outlay for investments and commitments has more than doubled to $8.9 billion in the 12 months since its CEO said the company was ready to go on the “counteroffensive,”...
Saudi Arabia aims to carve out a leadership role in the burgeoning artificial intelligence (AI) field with a proposed $40 billion investment fund, as The New York Times reported. The country is one of many global giants in the race to shape the future of...
March 21, 2024
Saudi Arabia aims to carve out a leadership role in the burgeoning artificial intelligence (AI) field with a proposed $40 billion investment fund, as The New York Times reported. The country is one of many global giants in the race to shape the future of AI, including Andreessen Horowitz and Nvidia, with investments in generative […]
June 29, 2021
In its latest move to redefine the firm’s relationship to robotics, SoftBank announced that it has halted production on its Pepper robot. It is the firm’s second major move away...
February 11, 2020
In today’s top payments news, Mastercard was approved for a bank card clearing business in China, and a judge rejected Uber and Postmates’ request to stop California’s new gig economy law....
February 11, 2020
For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand...
June 21, 2024
Ten years from now, artificial intelligence (AI) will be 10,000 times smarter than humans, SoftBank CEO Masayoshi Son reportedly said Friday (June 21). Speaking during SoftBank’s annual general meeting of shareholders, Son dubbed this degree of AI “artificial super intelligence (ASI),” CNBC reported Friday. Son added that within three to five years, the industry is likely to achieve […]
June 21, 2024
Revolut is reportedly planning a share sale and seeking a valuation that would be close to that of Lloyds Banking Group. The British FinTech is seeking a valuation of greater...
May 26, 2024
Japan’s SoftBank is reportedly planning to invest nearly $9 billion in artificial intelligence (AI). The tech company’s outlay for investments and commitments has more than doubled to $8.9 billion in the...
March 14, 2024
Japan’s SoftBank is reportedly weighing an investment in French artificial intelligence (AI) startup Mistral AI. The tech giant has shown interest in backing Mistral the next time it does fundraising, Bloomberg News reported...
