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SoftBank, known for its high-valued startup investments, is shifting its focus to AI, particularly through its majority ownership of chipmaker Arm. The move comes after facing losses and selling shares in various portfolio companies. SoftBank's net asset value has increased, driven by Arm's performance and the anticipation surrounding its upcoming AI chips.
Arm, historically a key player in mobile phone technology, is now gearing up to produce AI chips with SoftBank's backing. The company's potential in the AI chip market has been recognized, especially amidst the growing demand for computational power. Despite past losses, SoftBank is optimistic about its AI investments, aiming to create a new ecosystem with Arm at the forefront.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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