All posts tagged: softbank

Peter Thiel’s fund sells entire Nvidia stake amid fears of an AI bubble| Business News

Peter Thiel’s fund sells entire Nvidia stake amid fears of an AI bubble| Business News

Published by Parlour News

A hedge fund of Peter Thiel, the first outside investor in Facebook and leader of the “PayPal Mafia”, has sold off all its holdings in Nvidia Corp., amid rising concerns of an AI bubble. Peter Thiel, the first outside investor in Facebook and leader of the “PayPal Mafia”. (Reuters) Thiel Macro LLC offloaded its entire position of 537,742 shares in Nvidia, which would’ve been worth ~$100 million based on the closing price on 30 September. The fund now counts Apple Inc., Microsoft Corp. and a reduced stake in Tesla Inc. as its main bets, according to a 13F filing. Thiel’s move comes at a time of rising concerns about an AI investment bubble, which turned Nvidia into the world’s most valuable company. The ‘Big Short’ investor Michael Burry, has been perhaps the highest profile critic, disclosing bearish wagers against Nvidia and Palantir Technologies Inc. Japan’s SoftBank Group Corp. also announced it sold off its shares in Nvidia in October for $5.83 billion, largely to help finance other AI investments. Thiel has been less bullish on …

SoftBank Expands AI Portfolio with .5B Acquisition of Chip Startup Ampere

SoftBank Expands AI Portfolio with $6.5B Acquisition of Chip Startup Ampere

Published by Webster

Masayoshi Son, chairman and chief executive officer of SoftBank Group. Image: SoftBank YouTube SoftBank has announced plans to acquire the chip startup Ampere for $6.5 billion in an all-cash deal that “broadens its AI infrastructure investments.” For the last eight years, Ampere has been designing high-performance processors tailored for cloud computing, AI workloads, and data centres. Ampere’s lead investors, private equity firm Carlyle and IT giant Oracle, will sell their shares, which equate to 59.65% and 32.27% stakes in the company, respectively, according to SoftBank. The Japanese telco will retain Ampere as an independent subsidiary based in Santa Clara, once the deal closes in the second half of 2025. SEE: US Chip Export Rule Proposes Limits to Thwart Chinese GPUs More must-read AI coverage SoftBank’s goal of expanding its AI offerings and investments SoftBank has been aiming to bolster its AI offerings for a while; the company was reportedly considering acquiring a minority stake in Ampere in 2021, according to Bloomberg, but no deal materialized. In 2016, it acquired Arm Holdings, a semiconductor design company …

A Country’s ‘Radical Approach’ to Chip Production Includes New 0M Deal

A Country’s ‘Radical Approach’ to Chip Production Includes New $250M Deal

Published by Webster

Image: ellinnur/Envato Elements With an eye toward boosting Malaysia beyond chip assembly and into more lucrative semiconductor production, Arm Holdings Plc will provide the Southeast Asian country with chip designs and technology. The Malaysian government will pay the Softbank Group-owned Arm $250 million over a 10-year period for semiconductor-related licenses and access to intellectual property. Deal includes training 10,000 chip engineers The plan is to enable Malaysian companies to design their own chips with the goal of exporting $1.2 billion in semiconductors by 2030. Malaysia’s semiconductor industry has traditionally focused on midstream and downstream operations. The terms of the deal include Arm training 10,000 chip engineers and providing support toward the development of locally designed semiconductor products, Prime Minister Anwar Ibrahim said in a speech. Arm will open its first Southeast Asian office in Kuala Lumpur to enhance its regional presence, including in Australia and New Zealand, according to Ibrahim. See: Boosting R&D Could Lift Australia’s GDP by 3%, Report Finds More about Innovation Shifting focus to build ‘the whole ecosystem’ Malaysia joins an increasing …

US Announces AI Project to Provide 0 Billion for Infrastructure

US Announces AI Project to Provide $500 Billion for Infrastructure

Published by Webster

A joint venture called The Stargate Project will contribute $500 billion over four years to generative AI infrastructure in the U.S., representatives of SoftBank, OpenAI, and Oracle announced in partnership with President Donald Trump on Jan. 21. The joint venture will support infrastructure, including data centers, contributing to what OpenAI calls a “computing system.” “This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world,” OpenAI wrote in a Jan. 21 post on X (formerly Twitter). “This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.” “It’s big money and high-quality people,” Trump said at a White House press conference, according to the Associated Press. At least one location confirmed in Texas OpenAI will initially contribute $100 billion to the project, with the other $400 billion coming at an undisclosed pace over the next four years. OpenAI said building a data center associated with …

Trump to announce up to 0 billion in AI infrastructure investment: Report

Trump to announce up to $500 billion in AI infrastructure investment: Report

Published by Parlour News

President Donald Trump is due to announce private sector investment of up to $500 billion to fund artificial intelligence infrastructure on Tuesday, two sources told Reuters. US President Donald Trump waves as he arrives at the inaugural parade inside Capitol One Arena in Washington, DC.(AFP) OpenAI, SoftBank and Oracle plan a Texas-based joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the next four years, the sources said. Trump will make an announcement about infrastructure at the White House at 4 p.m. EST (2100 GMT), Press Secretary Karoline Leavitt said Tuesday morning on “Fox & Friends.” CBS first reported the details of the expected announcement. SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman and Oracle’s Larry Ellison are due at the White House on Tuesday, according to the CBS report. Oracle and SoftBank did not immediately respond to requests for comment. As a candidate in 2016, Trump promised to push a $1 trillion infrastructure bill through Congress but did not. He talked about the topic as …

In the SEC’s Suit Against Bankman-Fried, What About the Customers?

Published by Webster

Federal prosecutors and regulators from the US Securities and Exchange Commission and US Commodity Futures Trading Commission all told a similar story on Tuesday about Sam Bankman-Fried’s alleged scheme to divert billions of dollars of customers’ money from the FTX crypto exchange to Alameda Research. They all accused Bankman-Fried of fraud, asserting that he repeatedly lied when he insisted that FTX customers’ money was safe, secure and completely segregated from the affiliated but purportedly independent Alameda. According to the indictment unsealed on Tuesday in federal court in Manhattan and separate complaints filed on Tuesday by the SEC and the CFTC, Bankman-Fried knew or should have known that money was being siphoned from FTX customer accounts to fund Alameda’s speculative trading and that, despite its repeated protestations to the contrary, FTX gave Alameda special trading privileges that ultimately proved disastrous for the platform and its customers. Who were the victims of this alleged fraud? The CFTC’s complaint highlighted the deception of FTX users who, in the regulator’s telling, were duped into believing that their money was …