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In his first public showing after a seven-month absence, SoftBank CEO Masayoshi Son said he’s focusing on the IPO of Arm, the Japanese conglomerate’s chip-making unit. Artificial intelligence chatbots like ChatGPT require a lot of computing power, presenting new opportunities for Arm and its fellow chip manufacturers in the wake of Nvidia’s strong earnings results.
(Bloomberg) SoftBank Group Corp. is in position to win the race to master AI, thanks to its billions of dollars of tech investments, founder Masayoshi Son said in his first public appearance in seven months.Most Read from BloombergHedging Failure Exposes Private Equity to Interest-Rate SurgeThese Are World’s Most Expensive Cities for High-Class LivingAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpForty Hours of Oxygen Left for Titanic Vessel That’s MissingSingapore’s Grab Plans Bigge