Softbank . (japan) Stock News

SoftBank is among the most bullish investors in Indian startups having backed large startups like Paytm, Ola, Grofers, Oyo and others.

Shares in Japanese conglomerate SoftBank Group Corp dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including a poor Nasdaq debut for ride-h

The Federal Trade Commission on Thursday sued to block graphics chip maker Nvidias $40 billion purchase of chip designer Arm, saying the deal would create a powerful company that could hurt the growth of new technologies. Nvidia Corp., based in Santa Clara, California, said in September 2020 that it was buying United Kingdom-based Arm Ltd. from Japanese technology giant Softbank to create the worlds premier computing company for the age of AI." But the deal immediately raised concerns that Arm would abandon its business model of licensing chip designs to hundreds of tech companies, including many of Nvidias competitors. Arm''s chip designs power many of the world''s smartphones. The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies, FTC Bureau of Competition Director Holly Vedova said in a news release. This proposed deal would distort Arms incentives in chip markets and allow the combined firm to unfairly undermine Nvidias rivals. The deal would give the combined company control over technology that rival firms need to develop their own chips, the FTC alleged.

The United States Federal Trade Commission today announced that it has filed a lawsuit to block Nvidia from acquiring Arm in a deal worth $40 billion. According to the FTC, the deal would give Nvidia, one of the largest chip companies, control over computing technology and designs that rival firms rely on to develop competing chips. The FTC believes an acquisition would stifle "innovative next-generation technologies." The combined firm would be able to "unfairly undermine" Nvidia''s competitors. "The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies," said FTC Bureau of Competition Director Holly Vedova. "Tomorrow''s technologies depend on preserving today''s competitive, cutting-edge chip markets. This proposed deal would distort Arm''s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia''s rivals. The FTC''s lawsuit should send a strong signal that we will act aggressively to protect our critical infrastructure markets from illegal vertical mergers that have far-reaching and damaging effects on future innovations." Nvidia''s plan to acquire Arm from SoftBank was announced back in September 2020 .

Illustration by Alex Castro / The Verge Nvidias $40 billion acquisition of Arm just ran into another massive hurdle: the Federal Trade Commission, which announced today that its suing to block the merger from going through due to concerns that the combined companies would stifle competing next-generation technologies. The suit comes after an FTC investigation into the deal following complaints from Google, Microsoft, and Qualcomm shortly after the merger was announced. The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies, said FTC Bureau of Competition director Holly Vedova in a statement. Tomorrows technologies depend on preserving todays competitive, cutting-edge chip markets. This proposed deal would distort Arms incentives in chip markets and allow the combined firm to unfairly undermine Nvidias rivals. The FTCs lawsuit should send a strong signal that we will act aggressively to protect our critical infrastructure markets from illegal vertical mergers that have far-reaching and damaging effects on future innovations. Another major regulatory roadblock for Nvidia and Arm The FTCs complaint notes that Nvidia already uses Arm-based products for several areas, including high-level advanced driver systems for vehicles, Arm-based CPUs for cloud computing, and DPU SmartNICs (networking products used in datacenters).

Glorify, a Christian faith-based app for worship and meditation, has raised $40 million in funding from investors including SoftBank Latin America Fund, Silicon Valley heavyweight Andreessen Horowitz, and reality TV star Kris Jenner, Corey Gamble, Michael Ovitz, Michael Bublé, Jason Derulo, [] The post SoftBank and celebrities back a $40 million investment in Christian worship and meditation app Glorify appeared first on Tech News | Startups News .

The SoftBank Vision Fund 2 investment values Zepeto at more than $1 billion.

Founded in 2020, the app provides faith-based meditation to subscribers via inspirational quotes, worship routines and short Bible extracts.

Move by Swiss banking group follows SoftBanks investment in sustainability start-up Clarity AI

App designed to help Christians strengthen their daily connection to God attracts swath of strategic investors as company gains palpable attention for its unique approach to the faith-based space

Futures Rebound Fizzles On Slowing iPhone Demand, Omicron Fears U.S. index futures regained some ground alongside Asian markets while European stocks slumped to session lows in a delayed response to yesterday''s late Omicron-driven US selloff, as markets remained volatile following the biggest two-day plunge in more than a year, spurred by concern about the omicron coronavirus variant and Federal Reserve tightening. Investors await data for unemployment claims, as well as earnings from companies including Dollar General and Kroger. Tech is the weakest sector, dropping in sympathy after Apple warned its suppliers of slowing iPhone demand. Nasdaq futures pared earlier gains of up to 0.8% to trade down 0.1% while S&P futures are only 0.2% higher after rising as much as 0.9%. While the knee-jerk reaction of stock investors may continue to be to take profits before the end of the year, there is plenty of liquidity available to drive stock prices higher as dip-buyers enter the market , Ed Yardeni wrote in a note.

Not even half a year has passed since 2TM Participacoes SA raised US$200 million from Softbank. This brought them to a valuation of US$2,1 billion, and today it is already announcing a new US$50 million raise. This is the second round of investments that started with the one led by Softbank last July. The recent [] The post Brazilian Crypto Firm 2TM Raises US$50 Million To Expand in LatAm appeared first on Contxto .

SoftBank-backed ride-hailing giant Grab began trading on the Nasdaq on Thursday, becoming the largest-ever company to close a SPAC merger and go public.

SoftBank Vision Fund 2 leads funding round totaling $50 million, indicating a valuation of $450 million Existing investor, BlackRock, also participates in the round; Fifth Wall joins as a new inve