35 Burst results for "Softbank"

"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:08 min | 4 months ago

"softbank" Discussed on Bloomberg Radio New York

"And that is the focus on inflationary not so much recessionary fears, not so much an economic story today, but again, sort of growth, maybe here on the horizon. And I think that's interesting about, well, overall, the sentiment out there, you're seeing sentiment in the bond market, which one is perhaps not too fearful when it comes to recessionary risks on the day. You've got sentiment in the bank, CEOs actually perhaps signing mistake than we thought, but then sentiment here that maybe you are going to be seeing pulled IPOs in the UK. It's interesting that they're talking about political environment, but maybe it's also more evaluation environment. Maybe this is more of what SoftBank wanted in as well as we got to remember the regulatory concerns that were surrounding the steel as well. I want to go back to that IPO news because I think how quickly we go from what record to record M and a markets and M and a environments and then how quickly the market slowed down. And you know, we have to remember, go back to the past financial crisis, also after the dotcom boom, it took months for the IPO market to recover. So this is another sign in an indication of just things slowing down and it will take a while Tim for it all to recover. Yeah, we certainly saw that reflected in the earnings of the big banks that wrapped up their announcements for the most recent quarter earlier. Today finale, but as you've been reporting on throughout the last week, not only they made up for that decline, and IPO and M and a activity, with other areas that were more robust like trading. Yeah, trading did really beat expectations this time around and you saw it by the banks taking on more risk with value at risk really rising. The bank seeking to make markets. I think what's interesting though about this decline in capital markets activity underwriting activities, the reasons. It used to be purely macro. And now you're seeing the SoftBank report tied to politics. So throw on your list of issues here, the fact that you have issues in London, capital markets in Hong Kong capital markets, and that question of when globalization starts to matter for the bottom line. And the further sort of breakaway between public market valuations and private market valuations and how big of a discount that really is is we have heard that some of these private companies are not wanting to discount so much. Maybe the way the public markets have had a big reset. Remember that was all to do with of course the Nvidia couldn't get the sign off to be buying arms. So that's why we then see a spin off being debated and why that's now being put on hold but talk about more tech coming thick and fast and of course IBM were getting numbers out of this particular giant. And overall, we do see, well, just about a beat in line with operating earnings per share $2 31. The estimate was from $2 29, revenue coming in stronger than expected $15.5 billion the estimate was 15.16 Carol consulting revenue looking relatively strong, adjusted earnings per share as well, one that we need to keep a close eye on and operating. And really, a company actually that's rising aftermarket hours because it manages to beat. Yeah, that's pretty impressive. As you set up about 1.3%, so something will certainly follow into the Tuesday trade. All right, we got to run, guys. That's a wrap, our cross platform, simulcast on radio TV and YouTube counting you down to that close on this Monday. We will see you again. Same time, same place tomorrow. This is Bloomberg businessweek. With Carol maser and Bloomberg quick takes Tim Sullivan on Bloomberg radio. All right, we do want to mention though IBM now a little bit lower in the after hours. Let's get to Denise Pellegrini for an update on world and national news, hay Denise. Peter, well, doctor Anthony Fauci is making plans to retire. We get more from Bloomberg's Nathan Hager. Arguably the nation's best known Doctor Fauci has served under 7 presidents as head of the National Institute of Allergy and Infectious Diseases and as chief medical adviser to President Biden. Now, Doctor Fauci tells Politico, he will leave by the time this president's term ends, saying if he were to wait till COVID's over, he'd be a 105. Doctor Fauci also says he's ready for any political attacks if Republicans take control of the House or Senate. He says that is not a factor in his retirement decision. In Washington, I'm Nathan Hager, Bloomberg radio. Thank you, Nathan, and England's prince Harry delivering a keynote address to the UN General Assembly today the Duke of Sussex warning the world faces crises, including the erosion of freedom and climate change, and he calls this a pivotal moment that he says requires action. A moment where multiple converging crises have given way to an endless string of injustices. A moment where ordinary people around the world are experiencing extraordinary pain. And prince Harry is speaking there for the Nelson Mandela international day, lost luggage claims are up 30% since the start of the pandemic according to insurers. Short staffed airports and airlines apparently to blame carriers say though most lost luggage is returned eventually and it's still July. But here's a reminder of how eager companies are for the holiday shopping season to start the maker of international delight coffee creamers is just put out three new Grinch inspired creamers. Gingerbread cookie dough, peppermint mocha, and frosted sugar cookie. Global use 24 hours a day on air and on Bloomberg quicktake. Powered by more than 2700 journalists and analysts in more than a 120 countries, I'm to these Pellegrini

SoftBank IPO Bloomberg radio Nathan Hager Bloomberg businessweek CEOs Carol maser Fauci Denise Pellegrini hay Denise IBM President Biden Tim Doctor Fauci Nvidia UK Tim Sullivan
"softbank" Discussed on Techmeme Ride Home

Techmeme Ride Home

02:45 min | 7 months ago

"softbank" Discussed on Techmeme Ride Home

"Nazar end quote. And SoftBank reported a $26.2 billion full year loss for its vision fund unit leading the group to a $13.13 billion annual net loss as stocks decline and inflation rises, quoting the journal. The world is in a chaotic situation, said chief executive masayoshi San, citing COVID-19 and Russia's invasion of Ukraine, quote, in this chaotic world, the approach we at SoftBank should take is defensive end quote. Mister San said the company was making new investments at a slower pace, this fiscal year. He predicted that the total for the year would be only a quarter or half the level of the previous year when SoftBank made about $46 billion in investments through its vision fund and Latin American funds. Mister San said he would select his targets with stricter due diligence and be careful of investing in Chinese companies. Because the 475 companies we have invested in are gradually reaching harvest soon, we can manage to survive mister San said, we may not be able to plant new seeds in the next year or two, but I expect the stock market to start recovering after one or two years. Among the many signs of tribulation littering SoftBank's a 117 page earnings statement was an investment loss of $26.2 billion in the first three months of this year and its principal funds. Those are the vision fund one, which has completed its investments. The vision fund two, which is still making new investments and the Latin American funds. The publicly listed stocks that compose much of the first vision fund have fallen by more than half since the start of the year. Didi is down more than 80% since its debut on the New York Stock Exchange last summer, which was followed by Brennan's with Chinese regulators that led Dede to plan to delist from the NYSE and quote. So if we're going to stop this doom and gloom cycle, someone is going to have to step up into the breach. Will it be Instacart? Sources are telling Bloomberg that Instacart confidentially filed documents for an IPO, which could happen as soon as 2022, though the timing could slip or the startup could stay private. Quote, Instacart is working with banks including Goldman Sachs Group and JPMorgan Chase and company on an offering said the people who added that other banks may be included later. It represented for Goldman Sachs didn't immediately respond to a request for a comment. A spokesperson for JPMorgan declined to comment. A beneficiary of the coronavirus pandemic Instacart's pace of growth has decelerated. It announced in March that it was cutting its valuation about 40% to $24 billion Bloomberg news reported. The company was previously valued at $39 billion in March 2021 in a funding round that included andreessen Horowitz, Sequoia Capital, and D one Capital.

SoftBank Mister San masayoshi San COVID mister San Nazar Instacart the journal Ukraine New York Stock Exchange Russia Didi Dede Goldman Sachs Group JPMorgan Chase Brennan
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 10 months ago

"softbank" Discussed on Bloomberg Radio New York

"One of the most miserable deaths you can ever die from I'm Brian chuck And I've done prisoner at Bloomberg world headquarters in New York Let's check this hour's top business stories and the markets Right now in the Tokyo session shares in SoftBank are up more than 5% The company is planning an IPO for its arm limited chip unit call it a plan B this is after the proposed purchase of arm by Nvidia collapsed as a result of fierce opposition from regulators and customers After the bell in the U.S. ride sharing company Lyft reported fourth quarter revenue above estimates however daily active ridership missed the mark in the stock fell 4% in late U.S. trading and we heard from chipotle after the bell the company reported fourth quarter comp sales higher than forecast it shares moved up 6% in the extended session We are told Microsoft is considering a bid for the cybersecurity research and incident response company mandiant a deal with bolster Microsoft's efforts to protect customers from hacks and breeches Well markets are awaiting the U.S. retail inflation data the CPI report is due on Thursday and it's expected to show a stubbornly high cost of living tonight in the U.S. San Francisco fed bank president Mary Daly told CNN inflation could get worse before it gets better and she said she's in favor of raising interest rates at the March meeting Ten year treasury now in the Tokyo session down two and a half basis points in yield We are at 1.93% We check markets every 15 minutes here on Bloomberg We've got a rally underway in Hong Kong the hang seng up 1.9% on the Chinese mainland Shanghai composite higher by half of 1% In Tokyo the nikkei better by 9 tenths of 1% in sold at cost be is up 6 tenths of 1% and in Sydney the ASX 200 is higher by 7 tenths of 1% WTI crude oil right now 89 55 after falling 2% in New York trading Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts This is Bloomberg This is Bloomberg law with June brusso from Bloomberg radio President Joe.

Brian chuck Bloomberg world headquarters Lyft cybersecurity research and inc Tokyo mandiant U.S. SoftBank U.S. San Francisco fed bank IPO Nvidia Microsoft chipotle New York Mary Daly
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 10 months ago

"softbank" Discussed on Bloomberg Radio New York

"Kong Monday February 7th in New York coming up this hour Agent stalks a mixed as the market weighs tightening monetary policies against geopolitical risk The U.S. is losing patience with China as it fails to meet trade deal pledges and Nvidia is said to withdraw from the acquisition of SoftBank's arm Biden says Nord stream two will not go through if Russia invades Ukraine Putin says McConnell has interesting ideas to help deescalate COVID cases surge in Hong Kong I'm at Baxter with global news He's Manchester United or Chelsea the favorite to land west ends Declan rice On Dan Schwartzman I'll have that story more coming up in Bloomberg's boards That's all straight ahead on Bloomberg daybreak Asia On Bloomberg 11 three O New York Bloomberg 99 one Washington D.C. Bloomberg one O 6 one Boston Bloomberg 9 60 San Francisco Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business app 10 o'clock in the morning in Hong Kong the equity market has been up and running for about a half hour now a little bit of weakness for the hang sang If you're joining from the apec region good morning I'm Doug Chris at the Bloomberg interactive broker studio in New York And on Paul Allen in Sydney where it's one in the past one on Tuesday afternoon and we're seeing the ASX push higher by 1% higher on most of the region dug apart from a client shins amateur obvious today volatility right No doubt and I think it's a very interesting story what's going on in Hong Kong because the healthcare group generally speaking is leading the market lower by quite a bit The healthcare group is down about 18% Now you might recall we were talking about the Biden administration raising some red flags about 33 Chinese companies whose legitimacy The.

Bloomberg Declan rice Dan Schwartzman Washington D.C. New York Hong Kong SoftBank Nvidia McConnell Biden Putin Kong Doug Chris Baxter Bloomberg interactive broker Manchester United Ukraine Chelsea Russia China
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:11 min | 10 months ago

"softbank" Discussed on Bloomberg Radio New York

"I'm John Tucker in New York with your global look ahead at the top stories for investors in the coming week SoftBank about to report its quarterly results and the conglomerate is facing a bunch of challenges for more let's go to Hong Kong and Bloomberg daybreak Asia host Brian Curtis John we look forward to SoftBank's earnings in all that entails From its own operating performance to its many portfolio companies to its high profile separation from or with its COO get to that in a moment We also hope to hear a little bit more about what SoftBank plans to do with the chip design company arm It appears that invidious planned to buy arm is now dead and an IPO is considered likely It would be the biggest ship IPO ever Joining us now is Peter elfstrom Bloomberg's executive editor for Asia technology First Peter your general expectations on earnings SoftBank is pretty consistent in providing a few surprises during earnings period So I mentioned they are going to talk about the decline in tech shares that's going to be reflected in their financial results They also will certainly talk about the departure of their COO which you alluded to that's Marcello call rate is leaving the company and another executive is taking over at least some of his responsibilities but they'll be further questions about leadership after that And then you mentioned arm also they've been trying to sell arm to Nvidia that deal has run into regulatory problems The companies have not said anything publicly about that yet but sources have told us that Nvidia is looking at walking away from the deal So they will probably ask SoftBank in my city or she saw about those things but it's not clear that he's going to comment at this point Yes we were wondering whether or not there might be other suitors or whether or not the IPO route it seems like the IPO route would generate a lot of funding for soft bank Arm is a tremendously valuable resource in the semiconductor industry A key characteristic is that its neutrality is at the foundation of its appeal It is designs are used by a wide range of customers including apple and others and Nvidia was going to take over the company kind of jeopardize that neutrality So I think a lot of their customers Apple quantum and others prefer that arms stay independent so that it can maintain that neutrality If they don't get sold to Nvidia and it looks very very unlikely like it will we do understand that SoftBank would look at taking the company public through an IPO So you're right yeah that would raise a bunch of money for the company It would not raise as much as in video is willing to pay But it would raise a bunch of money for the company and that would help them fund the operations and then expand which would be a benefit for soft bank Well it has been a tough period for SoftBank here in the past couple of years We've talked about a few of them Obviously the crackdown in China and the big sell down in the Alibaba share price has hurt soft bank But there have been some bright spots too Let's talk about at least maybe one or two of them Your thoughts there That is really the heart of the matter SoftBank is sort of evolved from an operating company into an investment company recently So it has hundreds of portfolio companies that it's put money into 300 of them many of them have now become publicly traded And the fourth quarter I mean as we've seen recent months have been very rough for tech stocks including those that SoftBank owned So when you look across the portfolio that they've got there's a company called a digital payments company in India that was down about 35% in the fourth quarter DD the ride hailing company in China was down more than 35% for the quarter Even DoorDash which was a pretty strong performer for SoftBank fell about 28% So SoftBank because of how it's structured now has to write down those stakes and count those losses in its portfolio The biggest mark against it however was Alibaba the Chinese ecommerce company as you mentioned there's been this crackdown in China only bother shares have gone down quite a bit too So all these stocks that SoftBank has used over the years as collateral to be able to do other things are sort of syncing at this point If you want bright spots there are a little hard to find in there but there are a handful of them one would be that WeWork was able to go public that was a helpful step for the company And then also there's a South Korean ecommerce company coupang that did gain some ground in the fourth quarter which is a little bit of a help But we expect as we go into this earnings period that SoftBank is going to have to take a pretty big loss against these tech shares that have declined and they're going to look to Massa to find out what he plans to do to get the profits back on track All right Peter thanks so much for your insights Really appreciate it Peter ellstrom Bloomberg's executive editor for Asia technology I'm Brian Curtis along with Doug Kushner You can catch us every weekday for Bloomberg day break.

SoftBank Nvidia IPO Brian Curtis John Peter elfstrom Asia technology First Peter Bloomberg John Tucker soft bank Arm Marcello Alibaba Hong Kong apple Asia New York China WeWork India
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:18 min | 11 months ago

"softbank" Discussed on Bloomberg Radio New York

"To conceptualize both the opportunity fund in the Latin America fund SoftBank is known primarily for this mothership fund called the vision fund but there's a whole other group of SoftBank called SoftBank group international that looks for pockets that are underexplored And so Latin America the opportunity fund Miami are all part of a general idea that there are these pockets of activity where great founders exist and no capital exists or not enough capital exists So there is definite connection between all those initiatives Latin America we came into an early 2019 that was hardly any growth capital there The capital in the region was to the tune of one to 2 billion a year that last year is probably going to be about 15 billion invested in Latin America in the year and a flood of capital from foreign investors who really haven't been there before The opportunities are much broader in Latin America than we presumed at first Coming in we thought it would be the usual ecommerce FinTech type of opportunities It's been incredibly broad and deep across types of markets and industries there's software companies in Brazil that are giving the American ones a run for their money V tax went public on the NASDAQ or the New York Stock Exchange I believe actually and is a Brazilian ecommerce enablement company a software company So you're seeing a lot more real high quality globally competitive entrepreneurship coming from these markets which are often much more difficult to do businesses And so the founders who build there are really battle tested for the world Now I spoke with Marcelo Clara SoftBank COO and the CEO of SoftBank international almost exactly a year ago today about what the priorities were then Take a listen to what he had to say We're going to continue to invest in companies that utilize data and artificial intelligence to disrupt traditional business models We like companies that are making the way we work the way we live the way we play making the world a better place And I believe he did that interview In fact from Miami Stacey I'm curious That was at a time We didn't think the pandemic was gonna go on this long And I'm curious how the strategy or philosophy has changed given that we're still in this Yeah it hasn't changed What Marcelo said is the same as it was a year ago We just talked about how we just entered a new year about feels a lot like the same We are still interested in investing in companies that are used in data that are going to change the world We have made a number of investments one recent one in welcome tech which is an amazing company that has focused on helping immigrant populations better connect with financial services We also invest was in practice last which is helping to use mixed reality to team areas around diversity and inclusion These are all topics that were true a year ago and they're absolutely true today So we continue to look for great founders who are black LatinX and Native American One thing I will mention is that we've not yet invested in a Native American founders So one thing that has changed is that we spent the last year meeting with 30 over 30 different people from the native community to really understand how do we really invest in that community and find entrepreneurs who are building great companies And so what we learn from that is that we've got to take a different approach to investing in the Native American community So we'll be looking at some partnerships this year We maybe reinventing a little bit around our investment model and maybe even considering some pre seed investments which is not something that we've done in the past So we're excited to bring some founders in from that community into our portfolio in 2022 Now there's never been any shortage of headlines about SoftBank especially since masa announced he really wanted to double down on investing in technology There has been turnover in the partnership and also there have even been reports about Marcelo potentially leaving What are you saying to founders about whether or not they're going to have the stability and the resources they need to be successful and whether the relationships they're developing with folks at the fund will last Well obviously it's not wise for me to comment on private negotiations happening between my bosses So I'm not going to do that But as far as Latin America goes we've built a team that is dedicated to the region and it's very unique So we have people living in Brazil in Mexico and Miami all focus on Latin America We have both an investing team and an operating team The operating team has focused on helping the companies once we invest in them to be better to achieve specific goals a real operating muscle that we add to the capital muscle None of that's going to change and SoftBank's capital position is strong SoftBank continues to invest around the world and Latin America is representing a larger and larger component of that not just for us but for all capital allocators We've seen every brand name investor in tech come into Latin America in 2020 and 2021 That's going to continue So the region is as exciting as ever on its own merit What we did in 2019 was JumpStart our own efforts there but I think those efforts can stand alone now for the foreseeable future Now Stacey talking about the opportunity fun specifically how will you measure success We measure success just like many other venture funds We are in this to invest and generate venture life returns just like every other venture fun outfit So success for us is dewy generate returns Success for us is also the value that we create in the communities that are founders come from We have a value creation team that is dedicated to working directly with all of the founders in our portfolio to not just give them capital and validate their business model but to really create a community so that they can support each other Ultimately we want to change the base of wealth creation in our society I can tell you now that more than half of our companies that we've invested in have raised follow on rounds many of which do we participate in So another measure of success is how successful our founders are in scaling and growing their business and the validation that they receive from the broader investment community in their ideas and we're very happy to see that continue Now we can escape NFTs or the cryptoverse.

SoftBank Latin America Marcelo Clara SoftBank international Miami Marcelo New York Stock Exchange Brazil Stacey masa Mexico
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 11 months ago

"softbank" Discussed on Bloomberg Radio New York

"Welcome back to Bloomberg technology I'm Emily Chinese San Francisco We are less than a week into the new year and despite the still raging pandemic Hope remains that this will be the year it ends With that investors are still looking for those untapped markets Some focusing on those hit hardest by this pandemic women and communities of color Joining me now Stacey Brown philpot She is one of the founding members of SoftBank's opportunity fund which focuses on black LatinX and Native American founders and shoe Miata managing partner at SoftBank and co leader of SoftBank's Latin America fund Shoe and Stacey thank you so much for joining us Stacey I want to start with you You're focusing on founders that have been overlooked for far too long What are the priorities for this year Well thank you Emily for having us We are so excited about the opportunity that we have coming into this year The opportunity fund has already invested $75 million in over 70 companies We've looked at over 2000 companies So there's no pipeline problem What we know is that it's not even an easy pass It's really hard to pick some of the best companies in our out there So we're looking for great companies just like the rest of SoftBank which our companies that have a great boundaries passionate about what they do that have an idea that can scale and have the potential the great and the perseverance to make it happen We're excited to invest in many companies across all sectors which is representative of our portfolio today Your focus is Latin America and you've made investments across a slew of sectors where are the biggest areas of excitement for you especially as the pandemic drives on Yeah I'd say.

SoftBank Stacey Brown philpot Emily Stacey San Francisco Latin America
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:17 min | 1 year ago

"softbank" Discussed on Bloomberg Radio New York

"The nation continues to line up in large numbers for booster shots more vaccine centers have opened up across the country including in shopping centers football stadiums and pop ups such as vaccine buses Credits we group asked a U.S. court to force a SoftBank group entity to hand over documents is as it prepares to file a lawsuit in the latest fallout from the collapse of greensill capital In a 30 page filing submitted Thursday to a Northern California federal court Credit Suisse said it was seeking the documents in preparation for a lawsuit it plans to file in England in the coming weeks against parties that could include soft bank and its affiliates Credit Suisse said in May it was cutting ties with soft bank distancing itself from a key backer to lex green cells collapsed supply chain finance empire after conflict of interest allegations Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I am Susanna Palmer This is Bloomberg This is masters in business with Barry Reynolds on Bloomberg radio My special guest this week is max chafkin He is a features editor and tech reporter at Bloomberg businessweek His work has also appeared in such August magazines as fast company Vanity Fair The New York Times Magazine he is the author of a fascinating new book the contrarian Peter Thiel and Silicon Valley's pursuit of power normally here I say guest welcome to Bloomberg but since you work here I'm going to say max welcome to masters in business Thanks for having me Barry It's a pleasure to be here And I have to say this is a fascinating topic about a really interesting eclectic person that even though there's been a decent amount written about him before this that wasn't as much of a deep dive into his life So we're going to get to that in a few minutes before we do Let's just start with your background How did you get into journalism What attracted you to this Yeah so my first job in journalism was at a magazine called ink which is a short business magazine You know I don't know I was interested in I was interested in getting a job in journalism and this is going back 16 17 years ago And my father had worked in business this whole career I'd sort of been interested in in business and in the idea that the sort of business stories have something to say about the real world I read Moneyball And the Michael Lewis book about the Oakland a's and the sort of business story behind the Oakland a's being good at baseball Anyway I got this job at Inc magazine small business magazine and that was kind of how I got into it And the way I got into covering tech was back then tech was kind of this side show And I was like the young reporter So they kind of just let me do whatever I wanted in terms of covering the tech companies because first of all the basic view is that it wasn't very important and that so anyway I got to encounter a lot of these folks that including teal relatively early and got to kind of watch this obviously it's not the entire evolution of Silicon Valley but I got to see a really important part going from that time 2005 to today where the tech industry went from being kind of an economic sideshow where back at my job at ink you know I had this more sort of senior writers telling me to these companies are all stupid and they're all losing money and I went from being this kind of important but really a sideshow to being you know I'd argue the most important economic engine in the United States maybe even the world Really important Maybe the most important cultural center And I think increasingly really important political center of gravity So it's amazing that people who witness the 1990s so easily drew the wrong lesson which is oh a lot of these worthless companies have no revenue no profits They're worthless but you can always pick those out You have to look at the broader trend and clearly in the 1990s This isn't hindsight Technology was changing everything You didn't have to be a genius to figure that out although you could see how people might miss it because to so many of the negative stories Yeah yeah and it's funny people who thrived in that early period including Peter Thiel but also many others were the kind of contrarians who said who were arguing back then actually the dotcom boom was great and we built all this infrastructure and you heard these arguments back then that were mostly dismissed but yeah now it in retrospect right It looks like yeah they basically had it right but then a bunch of there's a bunch of like sort of dumb money that got dumped into the industry And they pick up the drinks for everybody else Listen I've talked about this with other technologists and VCs before global crossing and metro media fiber and all that stuff that blew up It got bought out of bankruptcy for pennies on the dollar and that's how you ended up with the youtubes and netflixes and facebooks of the world.

Credit Suisse U.S. court greensill capital Susanna Palmer Barry Reynolds Bloomberg radio max chafkin Bloomberg Peter Thiel SoftBank Silicon Valley Inc magazine small business magazine Bloomberg businessweek The New York Times Magazine Northern California Oakland Vanity Fair Michael Lewis
"softbank" Discussed on VUX World

VUX World

05:08 min | 1 year ago

"softbank" Discussed on VUX World

"If the less powerful is the robot runs with a small chip, it doesn't have a GPU. Our role would need to be manufactured fairly cheaply because we didn't want to sell it like a pepper from SoftBank that cost like $30,000 or something like that. We wanted to sell this to consumers and we wanted to have it be close to a $1000..

SoftBank
"softbank" Discussed on Squawk Pod

Squawk Pod

08:22 min | 1 year ago

"softbank" Discussed on Squawk Pod

"Exclusively. He's coo of all of softbank. Ceo the international group and get this chloride was also the last ceo of sprint at the time of its merger with t. mobile and he weighed in on this equity share swap that gives softbank a strategic holding deutsche telekom which is also present in about a dozen european companies that could show significant growth stroke bill. But i think it's incredibly good for a for southbound first and foremost it allows the softbank portfolio companies access to new market the european market. You know when you look at guts dot com combine customers. They have over two hundred forty million customers. Unless part of this agreement or portfolio companies are going to have access to basically grow within the european market. Which is something great on something. We're looking forward us. We've learned that what we've done defined bellicose have a unique way of our own oil So we can hire market share at the same time be able to have lower customer acquisition cost so first of all most were really product partnership stroke with a dutch delicate great on. We've got to get to work under already talking to three companies right wonder you balut the other one deer. Would you say micro mobility company on third go student. Which is deleting at lot from europe underwent to start working immediately with start going on. I'm sure you're gonna see criminal. Gross marcella we appreciate it. Always good to see you. I don't know if you've got a check. I don't know if got a chance to sleep by the way in an eight sleep mattress less just invested in this company. That i own one of these things. It's did you get to sleep in your mattress last night or you're in germany. Don't have it with you. Probably your germany right night before i did on. You look a lot better. Undersea started sleep. You donate sleep. I think they're getting better. Sleep the same with me so we love the company and we love the company stress for me. You know the way we sleep. Marcel and i go back and forth on twitter about eight sleep and how much deep sleep we get. It's a whole thing. it's a thing anyway. Very nice to see you congratulate you. Why why is it better because it controls your temperature so it can actually when you get into deep sleep you want it to be colder when you get into ram you want to be marginally warmer and actually changes as your sleep it. Can you describe what toilet you're using. You must have the greatest toilet. Aren't there things that do amazing things like warm waters. We don't have that. Are you looking into it now. So you have a temperature controlled batteries but your toilet is just run of the mill. Run in the mail. One flush it's all still to come on squawk pod with great connection comes rate cyber risk. Securing the internet. With microsoft's brad smith many businesses don't have the people that they need either to implement the protections they in some cases are already tamed for or just to provide the advice that the leaders of organizations also fire. We're back after this out deliver means. Pj has the long-term conviction and deep expertise to seat consistent investment returns over time. Join the pursuit of outperformance at pge dot com. that's pg. Im dot com and you're listening to squawk one hugh andrew good morning and welcome back to squawk box right here on cnbc. Andros along with joe kernan and melissa lee becky's off today. Welcome back is. This is the beginning. It is the beginning the beginning of the rest of your life at the beginning of the year. I mean by the way. It is russia china but it is also the beginning. It's a new year. You don't feel that way. You don't always feel it's timber. I know it's not a reset. it's a reset. this is the beginning. September know my favorite momma started. Because the school sees the because. I love the summers. When i was a kid. Oh of course. And then when when september started getting close. I've always said this. I started getting butterflies about going back up textbooks in the smell of the classroom. Now butterflies being back right here on. I do onset ready to cook. It's not butterflies. It was really the nausea. No no andrew was coming back. I'm trying to think of what it was. I think it was a patient excitement. Station sort of tempered. It was tried temple tried to temperate but you came in. You could see that. I was unable to temper. I know i know our next guest. New book provides rare fresh insights into one of the biggest cyber-attacks recent times and what company is in government should do to prevent them on a welcome microsoft's president brad smith to the program brad. It's great to see you this morning. The paperback version of your son book tools and weapons the promise and peril of digital ages out today with a new chapter that goes insides microsoft's investigation into the twenty twenty solar wind cyberattack. And we want to talk to you about that and so much more this morning. Brad take us inside that solar winds attack but also. What's talking broadly even about what's happening in the cyber security realm you've committed to spend enormous amount of money on this as as so many other tech companies and yet it continues to be perhaps the prevailing issue for everybody. Well thank you andrew. Great of course to be with you and we did take people In this new chapter in our book into what happened when solar winds. And i think what it reflects his two things first. The sophistication of cyber attacks continues to grow What we saw in the solar winds attack what we've seen in some ransomware and other attacks in the month since really confirms that in so many ways It really requires all of us to do more to step up as a company as you said. Microsoft just committed to spend more than twenty billion dollars over the next five years on security related activities but this is more than an issue for the tech sector. That's why the white house brought people together just a couple of weeks ago We're all going to need to share information about what's happening. I think it speaks to us on a week. Like this. when we're reflecting on even nine eleven One of the points we make in the book is that one of the conclusions of the nine. Eleven commission is very relevant to this. Because as the commission said there'd been a real failure of strategic intelligence people have been sharing information only on a need to know basis. They needed to create a culture around the need to share. And that's what we need to do here to bright. Who should pay. I think that's one of the biggest issues which is should corporations be paying. Should you be paying. You're gonna pay twenty billion dollars to work on this offer people. Obviously you sell the software. So that's important but should the government be paying. Well i think that in many ways it starts with those of us who create the technology products we need to spend more. We need to invest more and we are and we will We need to build in more security protection into our products. But there's a lot of additional services that in effect make up what is needed to have a secure. It ecosystem just like we have a monitoring services for office buildings and homes in case someone breaks it. There is that kind of ongoing need for services to protect security. And in that sense you know. Just as people pay for those services for their homes or offices This becomes part of what they need to think about for keeping their it secure. The government has one of the largest it infrastructures in the world. So the government needs to invest as well so whenever you see a problem that fundamentally is about criminal activity you know. We all need to do and invest more. Have you been surprised over the years. And i will say that i have that. Customers do not seem to pay for this with their own wallet. In which or or or even jump with their on feed in terms of saying you know what you know. There was a breach year. I'm no longer going to use that service. In fact they seem to go back and use the same service over and over again. Why do you think that is as a result. I wonder whether.

softbank Gross marcella brad smith hugh andrew joe kernan melissa lee becky deutsche telekom Microsoft germany sprint Marcel Andros andrew cnbc europe twitter nausea russia china
"softbank" Discussed on Squawk Pod

Squawk Pod

08:13 min | 1 year ago

"softbank" Discussed on Squawk Pod

"I'm cnbc pretty circe kramer today on our podcast cyber attacks. They're coming for ya. Microsoft president brad smith on the internet's future the sophistication of cyber tax continues to route. It really requires all of us to do more to step up. Telecom deal for the books softbank hungry for cash and deutsche telekom hungary for foothold in the us softbank coo marcello chloride on the details of this agreement or for companies have access to basically grow within the european market. Those stories clause salvador. In the crypto. Game booster shots on the horizon and marvel making box office records. Shonky has americans back in theaters but in china not so much in beijing. If cianci doesn't get the rights for distribution here this is going to be a first for the marvel franchise. It's tuesday september seventh twenty twenty one sorta like the first day of school and now a butterflies me back right here on i do. It's not about a flies. It was really the nausea. Squawk pod begins right now. Standard by in three to one yonder. Good morning and welcome the squawk box. Right here on cnbc. I'm andrew short along with joe kernan and melissa lee jokes have already begun. Becky's off today as We set ourselves up at the beginning. Of what i always think of is the sprint. I always think post labor day sprint deserve a sprint. From now to the end until christmas pretty much with maybe like a maybe a break in around thanksgiving for like a half a beat. Summer's over summers over over in. That's why you guys back here together. The twentieth we're all together. We have till the twentieth. Technically technically but school was back in such but we by the way. Happy new year pseudo. Today we decided in this crazy new world. I'd come in do it and then we're going to do a little bit but we celebrated last night. You're here. I'm here and it is a bit you know. I figured we start early in the coming. So we're fast and that it doesn't start like it starts now. I don't know started last night. Startled dr last night out. Family dinner outdoors outdoor dinner in new york city at a restaurant. First time ever done new thing. What do you mean we usually. We have dull ferocious shots and for the whole but this year we decided because we have grandparents and also do outdoors outdoor restaurant literally on the street. We actually brought candles and hala to a mexican place enjoy. It was a very revelatory experience for the circus. By version of multicultural. I yeah i do. You can have a margarita at the same time you i didn't but but others did. Yes you can. Yep but we definitely had a lot of chips in guac. So i'll tell you gotta have one one right. We didn't have one china. No but you're can have your young. Your liver is like bring it on. You know someone said that to me yesterday you can don't get. I showed a picture of the girls out there and they had a little while and they don't get sloppy drunk. Joe and i go a little wine to get your sloppy. No and it's like isn't clear yet that that's not an option for us was three thirty. Am unless you're going to stumble in here and foster brooklyn that is that's that's dating myself again but i can you know hangover hurt more than they used to so once once said hank junior i sometimes think we're stumbling even though we're not. I'm sure they do this. Did you just wake up. You read the teleprompter. That's it was new over the weekend. Dr anthony she said the. Us will likely start to widely distribute visor. Cova booster shots during the week of september twentieth. But he said the rollout from modernist booster shots could be. That's because only the visor booster may get fda ncdc approval in time for that rollout people who received moderna shots may have to wait longer for regulators to sign off on third dose. Doctor she also said the. Us plans released data in the coming weeks on mixing vaccines from different manufacturers. Regulators have announced plans for jj booster meantime infectious disease. Doctors are expecting a bump and kobe. One thousand nine cases as a result of labor day travel along with concerts and pack sports stadiums. Tsa data shows air travel over labor day more than doubled compared to twenty twenty more than three and a half million people. Travelled on friday and saturday. That is still down from thousand. Nineteen totals news expanded unemployment benefits for millions of americans. They ended yesterday means an estimated. Nine million people will lose that eight entirely while another three million or so. We'll see their weekly checks reduced by three hundred dollars. A biden administration didn't fight to extend those added benefits because there's a growing view in the white house that the economy's improving despite friday's big jobs report which was below expectations but rate fell so wages routes wasn't all bad el salvador. Meanwhile bought roughly twenty point. Nine million dollars worth of bitcoin ahead of today's official adoption of bitcoin is legal. Currency countries. President revealed the purchase in a tweet yesterday said el salvador brokers would be buying a lot more as the deadline approaches. This marks the first country to officially bitcoin on its balance sheet and hold it in its reserves. The country had launched a wallet. App called chievo which citizens and with a national. Id can use to sign up and transact and users will receive thirty dollars worth of bitcoin when they signed. That's in a push to speed up adoption. We take you know we still say. Why have bitcoin. I can certainly see why certain unbagged places and places where your you work hard for your money and then it's worth half of what you got the next day it's already devalued and i could see why it makes sense and for you. I'm so sick of turkey at christmas and in in why why not mexican food at a they say. If you can do it. I can do it for for for christmas for easter and the ham turkey. The trip the fan i fall asleep. I mean why not why not and then with the mexican food. I'm telling you i'm the margaritas. It's brilliant brilliant. It's suitable for any holiday. Is it not call my my grandmother in law. He was her. You didn't go to rose mexican place downtown i. I don't know if we should mentioned now. Okay well i've mentioned. Rosa mexicano service was great. So i can talk. Did you like have an entree. did you get to pick your own entree or was it. Yeah as a family style. Oh no everybody picked. We picked everything across the board. Did you walk on it or salsa. I mean yeah. That's just sort of like did. Our own sort of ceremony at the table was actually funny because people were walking down the now these were on the street so people sort of. What are they gonna have the campbell's out in the hall of their in their mexican place but very modern very modern modern version a a coveted ma and it just opened up all kinds of possibilities news today. A telecom struck a seven billion dollar deal with japanese company softbank to increase its stake in t. Mobile the german company will now own forty eight point four percent of the us telecom operator and gain a significant foothold in the american market in exchange. Softbank it's cash and four and a half percent stake in dt establishing direct shareholding structure after softbank sold its stake in sprint. To t mobile. Last year those two companies combined ineffectively that was the end of a fourth wireless provider in the.

softbank sprint circe kramer telekom Shonky cnbc cianci andrew short joe kernan melissa lee jokes brad smith hank junior Dr anthony china salvador hala hungary biden administration nausea
"softbank" Discussed on Wall Street Breakfast

Wall Street Breakfast

05:55 min | 1 year ago

"softbank" Discussed on Wall Street Breakfast

"Day in el salvador as the nation becomes the first country to adopt bitcoin as legal tender. The government is set to spend more than two hundred and twenty five million dollars to introduce the crypto currency through a plan that includes a thirty dollar credit in bitcoin to those who take up chievo slang for cool. That's a government run e wallet that can be used for purchases in bitcoin or us dollars. The government is also rolling out a network of two hundred bitcoin. Atm's and building a chain of chievo branded kiosks with staff that will introduce customers to bitcoin. At plazas around the country government officials say bitcoins adoption will be to affordable financial services in a country. Where an estimated. Seventy percent of the workforce operates in a vast underground cash based economy some read it. Traders in brazil are actively discussing plans to buy thirty dollars worth of the crypto currency on mass today to mark the new bitcoin law u. s. ports. Expect congestion to continue deep into next year. Ports are already swamped by record numbers of containers reaching the us during the shipping season and a number of ships waiting for births in southern california's ports as a logjam that stretches into warehouses and distribution networks. Major us ports are forecast to handle the equivalent of some two point three seven million import containers in august. That's the most for any month dating all the way back to two thousand two projections are that overall inbound volumes for the year will break the record of twenty two million boxes that was set in twenty twenty and walt disney's shanxi and the legend of the ten rings smashed records for the highest grossing film for the four day labor day weekend making ninety million dollars in the us and canada. That's according to industry estimates it will run exclusively in theaters for forty five days before hitting streaming services. Shanxi is the first marvel movie with an asian superhero as the lead and is drawing the second highest box office right behind black widow for a movie released during the pandemic in other news. China's export growth unexpectedly surged in august because demand from. Us and european retailers probably brought forward their christmas shopping orders. Europe is facing an energy price shock as a supply crunch lifts the cost of producing power just as businesses reopened and people return to the office adding to demand benchmark european gas futures traded. Another lind's surged to a record monday as did prices. In the united kingdom deutsche telekom has struck a share swap deal with softbank group to increase it stake in t mobile in separate news. Deutsche telekom is selling its dutch division in a five billion euro divestment plan. Aluminum prices rose to their highest level in ten years monday after a military coup in guinea threatened. The metal supply chain. Guinea is the world's largest exporter. A bauxite that's used to make alumina. Which is the primary ingredient. That's used to make aluminum. Goldman sachs economists. Revise down their forecasts for growth in the us economy this year pointing to a quote harder path ahead. For american consumers overall expansion in twenty twenty one is now seeing that five point seven percent compared with the previous expectation of six percent that was published at the end of august bio marin pharmaceutical shares. Dropped seven percent ahead of the opening bell. The us food and drug administration placed a clinical. Hold on one of its gene therapy studies. Boeing is lower ahead of the open after ryan. Air boeing's biggest customer outside of united states. Said it's walking away from talks over potential new orders for the seven three seven max in dispute over pricing in other news deliveries of the seven. Eight seven dreamliner looked to be stalled until at least late. October as the faa has yet to approach approve boeing's inspection proposals. Japan is at the purchase. One hundred and fifty million doses of novak's kovic nineteen vaccine white house chief medical advisor. Dr anthony fao. She said the. Us cova nineteen vaccine rollout that scheduled for september twentieth will likely begin with the pfizer bio n tek kovic nineteen vaccine soon followed by derniers booster. Shot some sixty percent of business. Travelers said that they're likely to postpone travel. Plans and nearly seventy percent said they're likely to take fewer trips. That's according to a report. By the american hotel and lodging association corporate travel return to about forty percent of its pre pandemic levels this summer according to delta airlines they had expected to reach sixty percent by september business travelers account for as much as three-quarters of airlines profits while accounting for only about twelve percent of the seats purchased new york. Fashion week will take over the city for the five day event beginning wednesday september eighth the event typically draws about two hundred thirty thousand people. Now have about half that number and nearly a quarter of the shows presenting will be in digital only formats and john. Pablo mondo star of the iconic. French new wave film. Breathless has died. He was eighty eight at six twenty. Am stocks in. Asia closed higher in europe at midday. Shares are lower while us futures are mixed with dow futures slightly higher while snp and nasdaq futures trade lower by less than a tenth of a percent. Crude futures are down a half a percent that seventy one eight a barrel gold is one percent lower at eighteen fourteen an ounce. Bitcoin slipped nearly two percent. It's just under fifty one thousand dollars. The yield on the tenure..

chievo us telekom softbank group el salvador boeing guinea shanxi marin pharmaceutical us food and drug administratio Shanxi southern california walt disney
"softbank" Discussed on The Twenty Minute VC

The Twenty Minute VC

05:01 min | 1 year ago

"softbank" Discussed on The Twenty Minute VC

"He's been proven that opportunity. America's huge now. I'll be honest. I used to like it a little more two years ago. We were the only show in down fighting j. That not too hard now every sabbatical so half of me. I'm so proud. Because now latin-american entrepreneurs finally have a choice of company to have a choice of which venture capital or which partner they want to choose in the past. They didn't have a choice. So as world mission driven my mission was a lift provide for latin america with the right capital now. There's not a single deal that we don't go where my friend from. Dst now sequel. Yeah g. a sixteen and so on their older fighting for deals which is great totally. Then they emceeing our house. You'll start working. Investing changed with the increase in competition. As he's at tia's gauges and now you. Every top. silicon valley fund is on every deal. House style changed with that transition. It hasn't changed hasn't changed at all. I think there's no other company in the world. That tiny bite entrepreneur to be part of the largest nickel system in the planet. We have over three hundred ten companies and county his every week. There's three or four or five company within the salt. Finally so to me. I mean if i was an entrepreneur in this age got i would love to join where we encourage. Founders to founders. Were found herself each other where we help going stunned globally. So we're looking at the market share of unicorns that we have in latin america over eighty percent of companies. You know we made a few mistakes. We've boscell some. But overall i think entrepreneurs who realize that. Hey there scrap. It'll by there's also a really really good group that's gonna help them scale. Help girl things that targets day is to find him than this on the show and he said bundy partnerships and not talking about tiger and their partnership meetings. That not being effective. Do you think about targets strategy in london house in patios so tiger basically has replicated softbank muddle. There's nothing magic with. They're doing and his great because what dagger dulcie forces might team to make decisions now. You know i'll tell you. Competition makes us all better tigers. Great they know where to invest their large soft on shareholder on the apply the same logic we do so is great when a company can face competition they softbank versus tiger in many cases we partner we go lead in so many cases we compete but i think overall the more competitors that come to the market the better technology system will flourish in latin america cannot think these in general light sal amac banks a little bit too large a little bit too profitable and got a little bit comfortable with the model. They've got the is sure one hundred percent. I think the node alleging america your talked to be general prior to softbank and after self by you know the rules have changed and this is why we have so many new unicorn so many companies being formed. I think it's fascinating and today. You cannot afford to be lacy you cannot afford to try to take advantage of. You're you have to be a true partner because enterpreneur has choices. If you have a great company you have many many choices on who your partner is going to be allen so fascinating when i was studying you and your kremlin challenge was just how much you actually do you. Six kids occur in football to solve banker. I was being too bruce. Levy who sits on the web will give you and he said you do so much so much more than anyone else. How'd you get so much done. And what systems and proceed. You do to manage the day. Help me out decent ma. So first bruce a- gentleman as you know we had a big lawsuit against each other in the we work dilemma but we both dole each other. It's okay to have this agreement but we're gonna learn how to play with class on no low punches and all that and i can tell you that in that process. I've got into admire him that way. He is a human being best investor at the board member and old. So he's got into an opponent and our partners in the turnaround. We work and i will say the most important part is find good. Talent provide the dow into power and accountability exit for you. If you can do that then you can do this. Over and over and over and having a strong team of good people enables you to get more stuff done and allows you to continue to pursue new opportunities. Today i manage all the operating companies of softbank heavily involving division fund launch opportunity fun. I managed latin american. I'm the executive chairman of we work on our under recent wiig and dual this in. Because i have a mason themes at each of those specific business opportunities. You know allows me to basically wake up every monday and figuring out. Where do i wanna spend my time this week on. Where can i be more helpful to my management teams. What do you look for in those people. Share intelligence is shared emotional intelligence hunga work ethic. I'm bishen what is your. I wanna watch with harry all of the book. Do you have any favorite. So atelier funny story right. When i decided to take on the role of we work to go turn around. I was going to be the ceo. And i couldn't be the ceo. You could only be the chairman until i finish Mobile merger because he'll be crazy for you know for me to have two jobs at the same time so in the process of becoming ceo. I needed to find a good board member. So i started interviewing people for the board..

softbank latin america silicon valley fund bundy partnerships dulcie sal amac America bruce london Levy dole allen football wiig bishen mason harry
"softbank" Discussed on The Twenty Minute VC

The Twenty Minute VC

05:59 min | 1 year ago

"softbank" Discussed on The Twenty Minute VC

"You have now arrived at your destination much. This is such a joy to do these veins from happening for a long time. Thank you joining me. Stay here retook pleasure to be here. Sorry that it took so long to lessen is so good to make it happen. As i said but i would love a little bit of a story to tell me. How did you make your way into the wall venture and come to you know see Softbank reprints national. Stay till their story behind it. Right on first thing that i did Created a company founder of a company called bright star which bryce grew from small shopping miami to be the world's largest mobile phone distribution as blige services in the world that company grew them ahead adjusted mean messiah fail in love with the concept of bright star offered to buy bright star with only one condition. That condition was that i will become the sea of sprint. I became the ceo of sprint. In addition long story. Let's bring that. I'm sure we're gonna talk about it when we finish the turnaround sprint. And we need strength. Strengthen the mobile merger ready to go back can be tripping oregon but mass asked me to not leave softbank and to move to talk with the purpose of learning how to invest and i became. Ceo of softbank under seal fold international group of south. Thank god after hanging out with must up for a year and a half and helping him lead division funding japan. Then i became an investor because i decided to open may be focused on election america until i became my own venture capital and deathly here. I mean you've got to be honest cooler than my stories of gained. Hbo them the company associated. Thought listen to do you mentioned sprint nabbed before we dive into mastering the investing is such an incredible turnaround story. You think allowed you to turn sprints around so successfully. What drives that remain success. So i was a big shock to me from being a my own. Ceo my own founder. My own company do basic selling my company and then landing in gaza city. We come to see of a hundred twenty year. Old well known american company sitting in the mid west. I showed up there. And the first thing that i did was look at the financial statements sprint and i figured i sprained west. Losing five billion dollars a year. So i made with my see full and i told him that this was a pretty bad year. Five billion i him tell me what has happened the last five years and they said well combined we have lost a twenty five billion dollars a year so we figured that we needed to do something relatively fast than societas. First thing that we had to do was to empower the workforce Expanded workforce more than a hundred thousand people from people who used to sell default the stores or dealer a general call centers anywhere just enormous and the first thing we have to do was to make sure that everybody believes that we could actually turn around sprint. I will say was a company that was in the verge of bankruptcy in the verge of disappearing and most employ- sexually didn't believe in the company. I always tell the story that. Imagine if your last team on the nba on e. Just hard to show up to work knowing that you're to loosen. That's what i found. I was to convince reenergize troops. Second lease i win tour and i call it my customer listening to her and ask people what they think of springwells wrong way we had millions and millions of customers leaving nelson just understand why and they all said that. They were tremendously frustrated with industry. An industry that you know you never knew what you look like. You never knew what you're going to get so we basically figure out that we could make life simple. Listen to customer some lunch and something that they wanted which was an unlimited plan. Where you could talk and using internet use any after you want on your bill. What's always going to be the same. But then there wasn't enough we had to figure out how to take cost out on we'd launch. What is known as probably the largest. Gus reduction history of corporate america. We've basically reduced eleven billion dollars of cost and we figured that we could do a lot more weed less people lawless just for chrissy that was important then we had to transform more on app or data hired a a very famous person. Which was the person who had been bitching bryce on for the last twenty years ago. Everybody knows that. Can you hear me now. You basically showed up on gummer say you. He remembers twenty sixteen now. I'm no longer with verizon because all networks are the same on you'll save a little money with sprint. So once we did. That was amazing. We started out millions of customers. Signed we turn to strong. Profitable was the first time that a spring was ever profitable but more importantly he was the best financial resulting hundred. Twenty years spread life so dan that took us to merge. The company was spray with mobile to create a really really strong competitor's on beat up on eighteen dan verizon really because before it was hard to compete with them on that was probably one of the most contested merging in us history on ouster many congressional hearings departments of justice meetings lawsuits with attorney generals. We did merger approved on and here we are after that. That's when masako mean say hey. When are you moved to talk. I d want to kind of move to that next. That in sasha incredible turnaround. But you didn't move to. Tokyo and madison told you i heard you another podcast. Achy before you said that manson told you you were terrible ambassador kind and inviting you to come and live with him in tokyo and invest a billion dollars per week so my question. She was than tun with master in tokyo. What did you learn about master. In that time that you didn't know before what is amazing of a mass. A truly founder focus. He could care less about anything else. founders and he believes that founders are sixty seventy percent of. What's going to durham success. And i think that i learned is. He has a very long-term focus. He doesn't care about quarterly results. He doesn't care about short term result. focus on the long-term vision which pretty much allows him to see by the noise right other venture capital are focusing on areas and heats focus on basically on long term results on to make sure that we're bidding onto right founders in terms of like learning from mass and how impacted two things really one. How sitting with master in that time. Impact your operating mindset g thing so i think the best way to think of massa and at the end i said in the recent why we both got along. So good. Were both founders. Were both trip. Were both operators. Were were both investors and what that gives you a three hundred sixty degree view that no one else has you. Don't learn how to be. Interpreter talked entrepreneur entrepreneurs enterpreneur.

sprint Softbank blige services bryce bright star gaza city gummer Hbo miami america oregon dan verizon japan masako nba chrissy Gus
Nvidia's $40 Billion Arm Takeover Warrants an in-Depth Competition Probe

Daily Tech News Show

00:33 sec | 1 year ago

Nvidia's $40 Billion Arm Takeover Warrants an in-Depth Competition Probe

"Uk's competition and markets authority or c. m. a. published an assessment of videos proposed acquisition of chip designer arm from softbank. The government will now need to decide if the cms should carry out an in-depth probe into the proposed acquisition concerns from the include whether the merged business would have the ability and incentive to harm the competitiveness of videos rivals by restricting access to arms ip which is currently used by a lot of competitors to nvidia loss of competition could also stifle innovation across a number of markets. According to the

Competition And Markets Author Softbank UK CMS Nvidia
"softbank" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:25 min | 1 year ago

"softbank" Discussed on Marketplace Morning Report with David Brancaccio

"Authorities today have stepped up regulation of online insurance companies according to a local news agency. It's the regulator had said companies could face severe punishment if they don't stop improper marketing and pricing. The move comes after similar crackdowns on other industries in recent weeks including education and technology but these new rules are just the start of a broader effort from beijing to tighten regulation across many sectors of the economy. The government today unveiled a five year plan for tackling monopolies and what it calls foreign related rule of law the wave of new regulations though have spooked investors over the last few weeks. And the bbc's howard. Chang says this wider plan likely won't help matters. This is essentially a statement. The chinese economy is becoming more central control. And there's less of a market economy from investors point of view if just look at the recent massive losses when china crack down into the hundreds of billions further captor control in china and lots of businesses and individuals complained. They can't even move money out of china. One of the major investors in chinese tech sector and others. Japanese softbank masayoshi son. Who's the head of the softbank just recently announced he's pausing china investment pending further clarification..

beijing Chang china bbc howard softbank
"softbank" Discussed on The Pomp Podcast

The Pomp Podcast

05:12 min | 1 year ago

"softbank" Discussed on The Pomp Podcast

"'cause we we have like millions of apartments on our platform and they had and comes back. Let's do million apartments together and then branches he's like where are you going to get the like ruling on one trillion dollars. You need to build back and masa so didn't go very far. We'll talk to us a little bit about the transition. Obviously there was the loss of the market cap and eventually softbank steps in and the softbank people and they seem from an operation standpoint to have really gone in there and completely turn that business around and sorta drive a recovery that appears to be working right and again. I think that would be the first to say like you know not out of the woods yet. You got to build a great business. Got serve customers. Gotta do all the right things. But during that transition period your reporting on this seems like Definitely weekly Or almost daily or hourly just nonstop. You know there was always a rumor or something happening so like what. What are you remember from that time period and whether any main takeaways a when that transition was happening is in this sort of twenty nineteen implosion Era yeah so that was kind of as a journalist. Eight tiring out and thrilling time to cover It as this thing. Like i'd spent years wondering like where what is with reality that this thing is worth so much and then just like became like the biggest business story for weeks So right afterward. There was a ton of Zip by by media by investors By shareholders like a ton of interest in softbank and this whole strategy. I mean they raised the world's largest private investment fund that it was like i think three times bigger than the next biggest venture capital fund that had been raised beforehand and And it was just sort of a realization that they were making some really really reckless spending it in really really reckless and dumb weights and kind of absurd ways right like And they at the time they ended up getting huge on ride hale which was less absurd in a absurd bat but ryedale lift. Numerous stock plunged like it was clearly not the golden goose. They thought it was they. They bet sort of at the peak and they're still hurting from that And then you just looked at these other things and it's like they invested seven three hundred seventy five million dollars in robot pizza company. That didn't make its own robots and also why do you need robot pizza and That went to effectively zero. They invested in wag so The dog walking uber for dog. Walking that did not go well And yeah i mean. I think there was sort of like this realization of light at the the you know all of the money that's flooding into silicon valley largely through the vision fund. Is it just like the total crap and i. What's with our our world and our connie that that we thought these were smart investments. And you know that that's changed some sense because of the I guess when you bet macro on the you know unicorn economy the startup economy I it's been going really well for everyone else So softbank ended up if you look back today. They're they're not the in the red. it's not..

softbank silicon valley
Japan Makes Vaccine Push With Olympics Looming

AP News Radio

00:47 sec | 1 year ago

Japan Makes Vaccine Push With Olympics Looming

"Japanese companies have joined the effort to speed up the country's logging coronavirus vaccine bowed out ahead of the start of the Tokyo Olympics next month the C. E. O. of energy and technology giant softbank has visited in the office of affiliate we work with medical professionals being inoculated with the maternal vaccine softbank plans fifteen such sites to vaccinate one hundred fifty thousand employees and their families on an additional one hundred thousand people residing at the sites Japan's vaccine vote out who's been the slowest among developed nations with only about five percent of this population fully vaccinated and the hope is a business push would accelerate the rollout I'm Charles the last month

Softbank Olympics Tokyo Japan Charles
How AI Will Impact the Future of Jobs and Work

HumAIn Podcast

01:39 min | 1 year ago

How AI Will Impact the Future of Jobs and Work

"Back listeners. The humane podcast today. We are continuing to talk about the future of work whether work as the new normal with his work in the post pandemic world and work continues to expand. I'm pleased today to have on the show. Jeff wald who's the founder of work market and. We have some great history together being involved with some of the same company so jeff. Thanks so much for joining us on show david. Thanks so much for having me. I am really looking forward to this conversation today because as we look forward to the future of work in the world. There's so much to talk about. And our shared history is with adp the payroll company which has done break things around payment providers and keeping companies afloat during the pandemic actually for the day to day operations. But before we move into those hot topics and and the future. Let's start with the history. What is work markets. And what is some of the exciting work that you've been doing in this space. So work market is enterprise off. Further enables companies to organize manage and pay their freelance workforce. So we built by far the largest enterprise software platform for the on demand economy not a marketplace where consumers can go but just the software that helps companies to manage that very important and growing part of their workforce. We found the company. Two thousand and ten we raised one hundred million from softbank in union square ventures and a few others and three years ago. We were lucky enough to find a great partner to continue the growth of the company and eighty p as adp purchase work market.

Jeff Wald ADP Jeff David Union Square Ventures Softbank
South Korean e-commerce giant Coupang tops $84 billion market cap after soaring in market debut

Bloomberg Daybreak: Asia

00:50 sec | 1 year ago

South Korean e-commerce giant Coupang tops $84 billion market cap after soaring in market debut

"In its trading debut. It's the biggest U S. I P O since Uber This company has been dubbed South Korea's Amazon. It's backed by Japanese conglomerate Softbank and right now, coupon has a market value of about $84 billion. Coupon CEO Bom Kim attributed the company's success to its long term vision. We're here today because we focused on a long term strategy. Long term vision we've had Teams and shareholders who've been aligned with that long term vision. I think we'll continue to stay steadfast to that'd Noah. Now in terms of the I P o. We were told coupon restricted access to fewer than 100 investors. The top 25 were allocated about 80% of the deal. The U. S. Has imposed new limits for some supplies to hallway. Conditions

Bom Kim Softbank South Korea Amazon Noah
SoftBank-backed Greensill Capital reportedly files for insolvency

WSJ What's News

01:11 min | 1 year ago

SoftBank-backed Greensill Capital reportedly files for insolvency

"Specialty finance firm green silk capital filed for insolvency protection in the uk today that similar to bankruptcy protection in the us. Greenville offers short. Term cash advances that allow companies to stretch out the time. They have to pay their bills. Today's filing follows a move by credit suisse to freeze the investment funds that were central to green sales operations. One of greenville's major investors softbank. We've previously reported that its vision. fund was set to write down a one and a half billion dollar investment in the firm our finance reporter in london. Julie steinberg says green sales clients are now looking to a potential takeover of greenville private equity firm apollo. And it's insurance affiliate athene many companies will be able to resume their supply chain finance programs but in other cases particularly for companies that are less than investment grade. Those companies will have a hard time securing financing at it might Snarled their supply chains because effectively means is their suppliers might not get their money on time and it could delay orders. So there's a ripple effects that might a

Green Silk Capital Greenville Julie Steinberg Credit Suisse Softbank UK Apollo United States London
WeWork Co-Founder Adam Neumann Nears Settlement With SoftBank

WSJ What's News

01:16 min | 1 year ago

WeWork Co-Founder Adam Neumann Nears Settlement With SoftBank

"As we first reported exclusively we work. Owner softbank is in advanced talks to settle with the company's former ceo and co founder. Adam newman softbank took a majority stake in the shared office space company after we works attempted. Ipo collapsed in two thousand nineteen. A deal could clear the way for we work. Second attempt at a public listing the journalists. Maureen farrell has more. Adam newman some early employees and shareholders have been fighting with softbank about roughly three billion dollars. That softbank was gonna spend to buy their shares as of monday. It looks like softbank. adam newman. We work special. Committee is all very close to a deal. There are all close to settling their respective lawsuits with each other. So that litigations out of the way it could clear a path for we work to move forward potentially with the spec deal. We've heard that they've been negotiating. People familiar with the matter. Said there is no guarantee that an agreement will be produced but if there is one it could be finalized in the coming days. Newman had stepped down as investors balked at buying the money losing companies shares as well as conflicts of interest and erotic behavior

Softbank Adam Newman Maureen Farrell Newman
Dennis Muilenburgs Bet on the Future

Aviation Week's Check 6 Podcast

05:40 min | 1 year ago

Dennis Muilenburgs Bet on the Future

"Denis muhlenberg has kept a low public profile since he left his job. Ceo of boeing at the end of twenty nineteen. But that's about to change me. Lemberg has teamed up with air finance founder. kirsten bartok tau and other aviation luminaries to fund a special purpose. Acquisition company called new vista acquisition corp. They're aiming to raise two hundred and forty million dollars through public offerings to acquire businesses focused on transformational technologies in areas. Such a space defense and communications advanced their mobility and logistics. What does that mean well. We'll let you hear directly from denison. Kirsten who have joined today also with us on my side of the table so to speak is aviation weeks. Technology specialists and urban air mobility guru executive editor graham warwick. Just one no we will. Not be talking about boeing past or future. If you're interested in that i'd like to refer you back to our january twenty nine podcast so let's get started a dentist. Tell us what you're up to. And why joe the good morning and thanks for the chance to talk about new vista. We're very excited about this. New endeavor and that excitement starts with a tremendous opportunity that we see right now as you know i had the privilege of being the ceo of boeing back in. We celebrated our centennial in two thousand sixteen and we. We did some work together on the age of aerospace and when we look back on the history of aerospace the opportunity in front of his right. Now i think it's the greatest one in that one hundred plus year history harris face. We're seeing this convergence of technologies in a way that we've never seen before technologies that span artificial intelligence autonomy new manufacturing techniques satellite technologies new types of vehicles and propulsion systems that set of emerging technologies. All at once has never happened before. Combine that with mega-scale changes in the market. You mentioned air mobility new waste. People are moving Logistics e commerce capabilities the revolution in space in the build out of the lower orbit ecosystem and next generation defense systems that combination of technologies and mega skill. Market ships creates an unprecedented opportunity. And that's what we're focused on at new vista kirsten. Let's hear from you. What brought you into team. Up with dennis and How are you approaching this. Thanks joe and as you know. I've been pretty focused on advanced ever ability for the last four or five years Having been based in silicon valley and kind of live through the internet growth and doing venture capital back then realized early that this transition was going to happen and just from the basic technologies with your talk about them. Electrification greeted propulsion which then goes to autonomy and an ad in hydrogen which has come on the radar lately These technologies are going to completely change Aerospace so that the next twenty years is going to look completely different in the last twenty years and even the is you know. The aircraft designs will look entirely different. Lucky enough i been working on this trying to figure out the right vehicle to investment doing a lot of my own personal investing some through our finance and then was Got on the idea of a spec realized that could be the optimal solution to help. These emerging companies crossed the chasm of death valley of death that we call where you got early stage venture capital money but they needed at large amount of growth capital. These are deep company's hardware and software at their capital intensive and then added that they've got the regulatory component of the faa and. they needed some good opportunities. For large amounts of crossover capital groups. Like softbank could have been that or sovereigns but the spac product has really come in to help. These company cost the valley of death and make it to the next level where they're commercialization occurs and their operational so i couldn't be more lucky to partner with such an incredible operators dennis someone who really pushed billing to be more. Entrepreneurial created horizon ex and necks and We put together a great team here. And we're excited to make a positive difference in the landscape. So so what are you thinking. I mean how do you take these technologies that we write about all time. I guess our listeners want to know and apply them to be like a real product. What what is really exciting. Talk about this this change in the next twenty years. What can we see in practical terms. What are we going to see. joe. I think you're gonna see transformation in these four market segments that we're talking about that's way beyond what we've ever seen before i take what's happening in the in. The lower orbits space ecosystem and extraordinary the number of technologies. That we're seeing that are coming into places real applications now. The build out a satellite infrastructure nanno sats micro sats we see a market for fifty thousand plus additional small sets on orbit or the next decade. We see a number of companies who are working on breaking the cost curve for access to space new launch capabilities that are coming to bear and then new applications in terms of how to use those satellite networks to create information at useful data earth observation New kinds of reconnaissance and surveillance capabilities connectivity. In communications i think the low earth orbit ecosystem. Build out that we're seeing now is just one example of the kind of massive transfer transformation that we're gonna see that's going to create economic value. It's gonna create new companies new jobs. it's going to create a new technologies that are on the innovation edge that are now ripple out into other business sectors. So it's an exciting time to be working on this leading edge

Boeing Denis Muhlenberg Lemberg Kirsten Bartok Tau New Vista Acquisition Corp Graham Warwick JOE Denison Kirsten Dennis Harris Silicon Valley Softbank FAA
This startup is making customized sexual harassment training

Equity

03:07 min | 1 year ago

This startup is making customized sexual harassment training

"Is raising money. And i think this is a really cool company and i want you to tell us all about it. Athena raised money in june with two million round for anti harassment software that it would send to companies and companies basically. Install it for their employees. You'd get a nudge every month. Five minute training and it'd be kind of this idea of making a more flexible way of learning about how to deal with modern situations that might rise up better than the one hour lecture. This is a shift in its focus. Because before was doing kind of one thing and now it's doing a broader array of things when it raised in june was just doing anti harassment in zoom and slack world and now eight months later. It's another two million co led by the same firm. Gsp that let first round of it's and it's going into anything compliance related whether that's how to make sure you are not doing insider trading by mistake or or other bits like that and it's they leaned on big customers which was the impetus for this round including netflix's doom and send us and so for an early stage startup. Those are big names. They have twenty thousand active employees completing their monthly training which the co founder is a positive signal that it's at least getting engagement in some way. Are you currently caught up on your corporate training for verizon media group as managing editor one of my wonderful tasks at the company is to actually monitor our employees to make sure they follow all of the different trainings that they have to do. Because i am the one who gets. The e mails for a bunch of folks that says so and so is sixty days later on their annual compliance training. We will delete thirty male if they do not respond immediately. Did not know that was a state attorney question again dan. Natasha and i caught up on our vm. I think you're mostly caught up february's if you are not cut up would have been fired because most the recordings are due in december. So if you haven't done them you would be out nailed it tauscher. There's also some grows numbers and our notes here. Something like two hundred and fifty percent growth quarter over quarter. What is that metric tracking in the athena's since it was tracking basically the amount of people who are on the platform amount of learners. That are coming to athena. Obviously those big contracts and mentioned earlier help them be able to prove that like any startup. right now knock sharing revenue profitability et et cetera. They're just hoping to use this money to gain new customers and figure out that stuff. Later is spelled. E. t. h. e. n. a. Not of in ethene like it's like patina but it's not blockchain related. I usually ask founders for the story behind their name but recently i guess i have not been good enough to that curious enough about how that came together. I think the idea of little mini modules. Make sense. I mean some of the things i actually remember. From compliance training are like mini modules for instance detectors by verizon media and reisen media's owned by and say verizon because it has infrastructure works with government a lot and so in our corruption training which had to take. Oh yeah there's this great story of like you're working hard at work in the field and you have a city official with you. Can you offer them a bottle of water on a hot day. And i was like stir and there's like wrong committed bribery and corruption and a dig radiation to american society. You may not offer anything of value. Not even a penny. You can't offer free water bottle or kick cat.

Verizon Media Group Athena Netflix Tauscher Natasha DAN Verizon Media Reisen Media Verizon American Society
SoftBank to invest $900 million in gene sequencing firm Pacific Biosciences

WSJ What's News

00:23 sec | 1 year ago

SoftBank to invest $900 million in gene sequencing firm Pacific Biosciences

"Japanese technology conglomerate softbank plans to invest nine hundred million dollars in gene sequencing company pacific biosciences of california known as pak bio the company produces next generation dna sequencing systems used to research diseases and develop treatments. The move comes as softbank ramps up a new public equity investing effort

Pacific Biosciences Softbank Pak Bio California
SoftBank Turns $11 Billion Profit, Helped by DoorDash

Mark Levin

00:34 sec | 1 year ago

SoftBank Turns $11 Billion Profit, Helped by DoorDash

"Telecommunications and a technology conglomerate Softbank Group reporting a massive $11 billion profit for the fourth quarter. Jeremy House reports, Softbank says its profits of far better than what analysts had expected. Growing 21 pulled from its profit the previous year. Value of its investments rose, including the endured Ashley US Food Delivery service and Uber US technology company that offers right healing and deliveries. Softbank's investment portfolio got an overall healthy boost from booming global stock markets, authorities in

Softbank Jeremy House Ashley Us Food Delivery Servic United States
"softbank" Discussed on The First 100 Days

The First 100 Days

05:15 min | 1 year ago

"softbank" Discussed on The First 100 Days

"Hi everyone welcome to another keeping it. One hundred episode. Our guest today is jim. Delays customer success manager at softbank robotics america and former business development representative at cloudflare. His tips about staying curious and maintaining a beginner's set mindset relevant to us all regardless if we early in our career or seasons executives. Thanks for joining us. Show jim to cut to the chase. There's two words it's beginners mindset and to break this down. I started my first sales tech role at cloudflare cybersecurity company essentially there the infrastructure for security at performance for all my properties such as up sites and i learned a whole lot so aside from hard work and coming in with that beginners mindset. Learned a from my mentors managers. Just to name a few visits bo chris cannon next simmons and kill pasha and it was interesting because i came from a non technical background so it was very dante an intimidating to join a very technical company. But what allow me to actually joined that company and find success breaking records as far as quota or after quarter was applying this beginner's mindset so to break down that beginners mindset and essentially. What it is is coming into work exactly without beginners mindset as if you're new to that company and continuing doing that day after day and so that's for example being insatiably curious as well as being coming prepared as far as a before demo call sales calls and so i knew early on that if i wanted to be the best i would find out who the sales leaders are the ones who are performing at a high level and shadow them listen on mccall's and figure out what they're doing to find success and aside from that it wasn't just the sales folks also expanding to other teams so i would talk to marketing product. People engineers as well as the support team to figure out how to present our technical products. How things worked. I was always asking wide to all of our other team members. And it's not just limited to the actual team members but also when i hopped on customer calls before demo calls i would do a lot of research prepare ahead of time. I'm not talking just five minutes before demo call. I would actually do research on the people that i would be talking to as well as the actual company who their competitors are. What is your business model. Why they're even looking at our product and figure out that so that way. Do go into that conversation. I'm not just talking about whether or sports. Mo- salespeople do. I learned that from arson name. Alex su who also celebrate his sales growth. So with that when you're talking to the customers especially if you're not very technical you can't really talk in depth about the product you wanna ask. Why why why. And so for example when a customer says hey i want this feature as opposed to going down the rabbit hole and just digging out how this will benefit the customer. You'll ask them. Hey wisest future important to you. And then from there. You'll be surprised how much they'll talk about their product their company and then from there you'll be able to dial in as far as what type of product or feature you can present to them so without beginners mindset. Also wanna talk about being prepared. So i know as you gain more experience you you tend to prepare less And that's a very dangerous spot to be in. So for example. I had in the beginning of every quarter. I would write a one page. I would call it the gems one pager where i would present it to all my managers and say hey. These are all my goals. These are all my quarter a objectives. And this is how. I'm going to set strategically exceed all of those and then time after time or after i was able to do that. And so you've probably heard the term You can't hit what you can't see. So is that same mindset Is basically that the beginners mindset and there's probably listeners in here for our maybe new to sales new attack and they could appreciate this type of advice as far as having that beginners might set but then on the flip side. there's also while seasoned veterans who have been doing sales for countless years. That are probably asking. Why should we listen to this kid. Who has a couple of years of experience in sales but it's that same exact reason why actually learned a term yesterday called the dummy curve. Ceylon it from a gentleman named darren fan but essentially it's when you first started company. You're so curious your your relentless as far as learning you just want to learn everything but then once you gain some experience you hit this plateau where you're very comfortable and you limit yourself as far as how much knowledge you attain and that's a dangerous spot to be in so paul. Those wall season veterans. If ever they want to change their methodologies like revert back to recall the time when you first joined a company and you're dislike so curious about learning new things and you'll be very surprised.

jim darren yesterday today cloudflare one page chris cannon Alex su first two words One hundred episode arson softbank robotics first sales america kill pasha next simmons bo five minutes one
Nvidia's $40 billion Arm acquisition to be investigated by UK competition regulator

Yahoo Finance Market Minute

00:40 sec | 2 years ago

Nvidia's $40 billion Arm acquisition to be investigated by UK competition regulator

"Watchdog in the u. k. Plans to investigate invidious proposed acquisition of the british chip designer arm and nvidia announced plans to buy the company for forty billion dollars from softbank back in september. The watchdog is inviting third parties to give their opinion as to how competition would be impacted by this acquisition arm. C yo had said previously that he's expecting regulators to look into the deal invidia. Today is more than fought four percent. It was added to cities catalysts. Watch list all the semi today are in the green the sock semiconductor. Etf is up at new highs right now for

Softbank Nvidia
Robots to take the virtual stage at CES 2021

The 3:59

05:06 min | 2 years ago

Robots to take the virtual stage at CES 2021

"It's often provided a big visual punch at previous Shows so how big a role do you expect him to play at cs. Given the fact is all remote and we're covering all this virtually. Yeah i mean. I think it's going to be a challenge. Full companies no matter what the product is that. They're launching this year. And i think that that's going to extend to robots justice. It will extend to anything else however i still think that robots are going to be a really big part of this show and the reason for that i think is the no matter. What a what the context i think. Robots really capture people's imagination. And i for me personally. Often the most exciting part of the show but they are for other people as well and even though it's going to be much harder for them to kind of make an impression in actually show what they can do beyond just seeing a picture of one it's definitely. I think that they're still going to play already. Important part in the this year. So you know you. You've spent a lot of time checking out these robots at prior shows. I'm just curious to get your thoughts on whether or not the loss of that. Wow factor. is there really viewing some of these robots via zoom conference screen or even just pictures of like how impressive is that versus. Actually being there in person at checking out these rowbotham. You know firsthand. I think it's going to make a really big difference. You know i think the the really exciting thing about robots particularly at yes. I know this works for me. Because i'm the. I'm the one who said and i'm kind of interacting with them but i think telling redesigned audience about two as well being able to say. Oh this is what the robot does when. This is how the interaction goes. This is how they might feel they might sound or this is how how they actually come alive. I think it's going to be so much harder to convey that in an exciting. I mean. that's a challenge for us to challenge for the companies that showing off the robots. So hopefully we'll be able to do that but it's definitely probably going to be a bit trickier especially there. There are times. I've had interactions with robots that have been really physically demanding. And i'm sure that that is not going to be the case this year while before we get into cs toil one. What are some examples of robots that you've interact with where the experience was memorable. Also many i think there are some. They've been really fun ones. That was a year. Where there's it's been several years. Now this has been a variable played ping pong with. It's a huge kind of robotic arm. And it's amazing a capabilities and you can actually play on a full size pain table tennis where you can play ping pong with it. I played cards against humanity with pepper. The robot which is a robot that many people might recognize. It's white ball this team. That's made by softbank and it's been around for a few years now but there was kind of funny meetings that they can do with it and in this occasion. That was what. I was doing us playing a game of cards against humanity. Then there were a couple of our favourite ever experiences. There was a robot that created in. Served me pizza and there was also one of my favorite experiences ever which was at meeting a labrador puppy that was so realistic that it when it went to sleep even did gentle snoring and so durable. I wanted to take it home. Why and i do remember last year. Bread bought was the was one of the big talks of the show. Even though really is just like a giant box that made bread the app on the robot label on anything nowadays exacting. Let's talk about the show next week. The what are some of the robots. You're expecting where some of the big trends so perhaps unsurprisingly one of the biggest trends that we're gonna see the share is robots doing things that humans can't do because for safety reasons you know over the past year with covid we've seen that's been a greater need for than ever before for for robots or at technology to kind of step in and do the things that we can't physically because we might be putting ourselves at risk so i think that's gonna we're gonna see that play out in multiple different scenarios for example they're going to be some robots side gonna be there sanitizing things going into places cleaning them up keeping us safe that way they're robots. I can be. Perhaps actually you know about this a going to fukushima and seeing the robot stabber rebel stepping in being able to do jobs perhaps manual jobs that humans also robots helping out at home a bit more. Now that we're in the home

Rowbotham CS Softbank Tennis
Whoop, maker of the fitness tracker that pro athletes love, is now valued at $1.2 billion

Techmeme Ride Home

01:48 min | 2 years ago

Whoop, maker of the fitness tracker that pro athletes love, is now valued at $1.2 billion

"Whoop makes fitness trackers and provides performance metrics for athletes and whoop just raised one hundred, million dollars at a one point two, billion dollar valuation from I've VP Softbank Vision Fund and athletes. Including Eli Manning and Patrick Mahomes quoting Bloomberg. The wearable technology up charges a monthly subscription fee in exchange for providing data to users collected from the whoop strap it supplies at no additional cost that can influence how they work out, recover and sleep. After four months of use members dedicated an additional forty one minutes to sleep each night and reduced their resting heart rates by about four point four beats per minute. The company doubts on its website quote whoop data shows users are making different lifestyle decisions such as consuming less alcohol. In order to improve quality of sleep? Said I'VE EP general, Partner Eric Lee who has joined whoops board both he and referred to the company's hyper growth. But declined to provide specific information on whoops subscription base or other metrics. The company's data may help indicate if a user has contracted covid nineteen in June despite not experiencing other symptoms professional Golfer Nick Watney sought a test after whoop data showed his breast permanent were elevated. He tested positive for the virus and ultimately withdrew from the. Heritage existing investors such as basketball star, Kevin Durant thirty-five Ventures Golfer Rory mcilroy and Justin Thomas and billionaire cryptocurrency bull Mike `grats also participated in the funding round as did firms including two sigma ventures, accomplice collaborative, fund, Thursday ventures next few ventures, promos, ventures, Cavu ventures, and d twenty capital earlier investors who didn't join this round include. Jack Dorsey and Moose partners which manages the wealth of the brothers who owned the luxury Chanel Empire Emad said and quote.

Cavu Ventures Nick Watney Vp Softbank Vision Fund Eli Manning Eric Lee Chanel Empire Emad Jack Dorsey Rory Mcilroy Kevin Durant Bloomberg Basketball Patrick Mahomes Moose Partners Justin Thomas Partner Mike
Should Business Follow Data or Gut Feel?

Duct Tape Marketing

04:54 min | 2 years ago

Should Business Follow Data or Gut Feel?

"Hello welcome to another episode of the duct. Tape Marketing Podcast, this is John Jansen, my guest today's Reeves Wiedeman. He is a contributing editor at New York magazine. Also featured in New Yorker New York Times Magazine Rolling Stone Harper's, and we're going to talk about a book that is fairly new called billion dollar loser, the epic rise and spectacular fall of Adam Newman and we work. So reeves welcome to the show. Thanks for having me. So. Why don't you give away the ending for for for people that that may be have followed this story Kinda give us the like. Here's you know here's what was going on at the high level. Here's what happened. Yeah. Fair enough while while a lot of people may know it but but the the the short version of the rise of we work in an office leasing company started in New York City that in the course of a decade expanded all over the world The basic business premise was slicing up large office spaces into small glass. Rent out. By Twenty Nineteen they had more than four hundred locations around the world A also had apartments they had started in elementary school. and a variety of businesses that required a lot of money and so eventually in in thousand nineteen, they decided to go public at of gob smacking forty, seven, billion, dollar valuation and in pretty spectacular fashion over over a few weeks in the summer and fall of last year the. Collapsed out of Newman, the company's founder was was ousted and He's spending most of his time surfing. So you know and the future for him and for the company's still remains to be seen, but it was pretty pretty remarkable rise in in a pretty shocking and swift fall. So the at the from the highest evaluation to like when it all shook out, what did it shed about eighty percent ninety percent You're GonNa make me do some math but you're outright it. It got up to forty seven billion at least in this theoretical way, and and this past spring Softbank, which is, is we were primary investor mark it down to just under three billion, two, point, nine, billion so a. Pretty shocking loss value in a very short amount of time. So. What was it? You did a series of interviews with adamant obviously a lot of other people that show up in the book but what what was kind of the timeline for your interviews because it was really pre crash, right? Yeah. I mean, we when I was I work at New York magazine and we had I decided to do this story at the beginning of Twenty nineteen in the. Reason we did it was was because we work with growing so fast, and because it it suddenly was was everywhere. We have an office in in Soho and in New York and suddenly there were half a dozen of them just a few blocks of where our office was and so we saw it as kind of a success story. We knew there was sort of strange things about the company and. It became very clear to me as I as a after interviewing Adam Newman last April April Twenty nineteen shortly before the IPO was announced. And then talking to people who'd worked with him some members of his executive team that everything that was good and bad about we work revolved around Adam Newman. He he was the visionary. He was the sort of branding expert and he was the. That, was driving company, and then as it became clear, he was also kind of embodied a lot of a lot of what what went wrong. So my only instance as I did work out of we work in Dumbo one time. A few years. Was it nice. Yeah. It was nice. It was like all the kind of. HIP places in that part of town. Are. Very minimal decor. So. It's interesting. You brought up that idea of all good things and bad things because in reading through the book you almost. And and maybe other people. Have covered it this way to that it wouldn't have happened with him and it wouldn't have crashed with with him without him. I think that's exactly right and that's when when we wrote my first story and this was when the company was still on the rise we. I didn't come up with this but but the title one of my bosses did was with the I and we and and and you know it's just everything about this company. was. Just, CER- wrapped up in in in Adams great qualities which which company grow and then things kind of centered off off the rails.

Adam Newman New York Magazine New Yorker New York Times Maga New York City Reeves Contributing Editor John Jansen Softbank CER Dumbo Founder Soho Adams Executive
Should Business Follow Data or Gut Feel?

Duct Tape Marketing

04:54 min | 2 years ago

Should Business Follow Data or Gut Feel?

"Hello welcome to another episode of the duct. Tape Marketing Podcast, this is John Jansen, my guest today's Reeves Wiedeman. He is a contributing editor at New York magazine. Also featured in New Yorker New York Times Magazine Rolling Stone Harper's, and we're going to talk about a book that is fairly new called billion dollar loser, the epic rise and spectacular fall of Adam Newman and we work. So reeves welcome to the show. Thanks for having me. So. Why don't you give away the ending for for for people that that may be have followed this story Kinda give us the like. Here's you know here's what was going on at the high level. Here's what happened. Yeah. Fair enough while while a lot of people may know it but but the the the short version of the rise of we work in an office leasing company started in New York City that in the course of a decade expanded all over the world The basic business premise was slicing up large office spaces into small glass. Rent out. By Twenty Nineteen they had more than four hundred locations around the world A also had apartments they had started in elementary school. and a variety of businesses that required a lot of money and so eventually in in thousand nineteen, they decided to go public at of gob smacking forty, seven, billion, dollar valuation and in pretty spectacular fashion over over a few weeks in the summer and fall of last year the. Collapsed out of Newman, the company's founder was was ousted and He's spending most of his time surfing. So you know and the future for him and for the company's still remains to be seen, but it was pretty pretty remarkable rise in in a pretty shocking and swift fall. So the at the from the highest evaluation to like when it all shook out, what did it shed about eighty percent ninety percent You're GonNa make me do some math but you're outright it. It got up to forty seven billion at least in this theoretical way, and and this past spring Softbank, which is, is we were primary investor mark it down to just under three billion, two, point, nine, billion so a. Pretty shocking loss value in a very short amount of time. So. What was it? You did a series of interviews with adamant obviously a lot of other people that show up in the book but what what was kind of the timeline for your interviews because it was really pre crash, right? Yeah. I mean, we when I was I work at New York magazine and we had I decided to do this story at the beginning of Twenty nineteen in the. Reason we did it was was because we work with growing so fast, and because it it suddenly was was everywhere. We have an office in in Soho and in New York and suddenly there were half a dozen of them just a few blocks of where our office was and so we saw it as kind of a success story. We knew there was sort of strange things about the company and. It became very clear to me as I as a after interviewing Adam Newman last April April Twenty nineteen shortly before the IPO was announced. And then talking to people who'd worked with him some members of his executive team that everything that was good and bad about we work revolved around Adam Newman. He he was the visionary. He was the sort of branding expert and he was the. That, was driving company, and then as it became clear, he was also kind of embodied a lot of a lot of what what went wrong. So my only instance as I did work out of we work in Dumbo one time. A few years. Was it nice. Yeah. It was nice. It was like all the kind of. HIP places in that part of town. Are. Very minimal decor. So. It's interesting. You brought up that idea of all good things and bad things because in reading through the book you almost. And and maybe other people. Have covered it this way to that it wouldn't have happened with him and it wouldn't have crashed with with him without him. I think that's exactly right and that's when when we wrote my first story and this was when the company was still on the rise we. I didn't come up with this but but the title one of my bosses did was with the I and we and and and you know it's just everything about this company. was. Just, CER- wrapped up in in in Adams great qualities which which company grow and then things kind of centered off off the rails.

Adam Newman New York Magazine New Yorker New York Times Maga New York City Reeves Contributing Editor John Jansen Softbank CER Dumbo Founder Soho Adams Executive
What it Means to be "AI Ready" - with Matthew Mattina

Artificial Intelligence in Industry

04:52 min | 2 years ago

What it Means to be "AI Ready" - with Matthew Mattina

"This is Daniel Magellan. You're listening to the and podcast. We speak this week on the topic of. Readiness. What is it look like to truly be ready as an enterprise if you're a consultant, you're selling into enterprises and you want to build a success wave. This client stands in what might need to be worked on or if you are an AI champion within an enterprise, you want to get an understanding of where do we stand how ready are we should be an awfully helpful episode our guest. This Week is Matthew Martina who's the head of The machine learning research lab, A. R. M. A. R. Ramsey multibillion dollar semiconductor and software development company wholly owned by Softbank Softbank One of the biggest venture funds in the world based out in. Japan, and Matthew speaks to us about his criteria and his way of thinking through with Ai Readiness looks like in an enterprise again, if you WANNA a checklist to list of features away to assess take view on your own company or that of your clients. I think at this episode should be awfully helpful. If you're just getting started with deploying a, we have a free guide called beginning with Ai. It's special guy for non technical professional. So if you do not have a technical background, but you still want to understand what is it realistically look like to deploy artificial intelligence were the key factors to understand for a adoption. If you're not the person writing code, you're more focused on the business strategy side. Of things then you'll WANNA download that free pdf brief it's an e. m. e. R. J. dot com slash B e g, and then the number one. So bg like beginning and then the number one that's RJ DOT COM slash bg one that pdf should give you some extra details to layer on top of some of the insights that Matthew provides for us here today. So further ado this is Matthew mcconaughey with arm on the and business podcast So I'll kind of dive in first here on this topic of Ai Readiness and ask you about what you consider to be sort of the core components, the core aspects of Iranian s within the enterprise obviously a lot of moving parts here what comes to mind for you? Yeah. That's a good question I think. One of the core questions is one that I think people sometimes miss with respect to a I is. Now there's the problem that you're trying to solve. Of course, understanding that from the get go is key in pretty much any scientific or engineering discipline, but then with Ai. Knowing how your machine learning or a model actually going to be deployed. So what is that model gonNA run on in the field as it can run on a some kind of a big server in a cloud data center somewhere with no terabytes of memory and an of GPS and processors, or is that model ultimately going to be deployed on some kind of you know very constrained embedded device say you know in a in a o not censor or mobile phone or a car and everything in between? So think what we sometimes see is that a model will be developed by a data scientist or or. application will be developed without a good understanding deployment and where that gets prickly as you've developed this model, it uses you know. Fifty gigabytes of memory and then Lo and behold actually want to deploy it on a constrained device that has you know two hundred and fifty six kilobytes of memory, and now you need to do some surgery. Got It. So readiness here you're talking about you know not only involving the model, but involving sort of what are we going to run it on DC? This is potentially part of the four thought process for companies obviously, not everybody's GonNa have devices. Out in the field, people have security cameras, La- run things on mobile phones you know in in cars or maybe heavy industry the have it on a boat somewhere maybe other folks are just GonNa have stuff up in the cloud but for you, it sounds like maybe that thought process should happen as we're coming up with ideas not sort of after we've developed a great model idea that those have to be married to hardware sort of at the brainstorm phases kind of what you're getting at. That's exactly right as part of the upfront? Planning. Stage of enterprise preparing for a readiness. Yes. Some consideration for. What devices is this actually gonna run on and what are the key characteristics of those devices and and the interesting about it is that like I said, you can build models you know and build ai applications that you know recognize faces and use lots and lots of memory or they can have models at recognize faces and use very little memory. And making that trade off and understanding that that trade off will need to be made between accuracy and memory upfront will save people pain down

Matthew Matthew Martina Matthew Mcconaughey Daniel Magellan Japan Softbank Softbank DC Consultant LO E. M. E. R. Scientist A. R. M. A. R. Ramsey LA
Nvidia to buy UK's Arm, sparking fears of chip dominance

Pivot

04:17 min | 2 years ago

Nvidia to buy UK's Arm, sparking fears of chip dominance

"Talk shortly about invidia buying chip company armed from. Softbank. The deal is worth forty billion and video said it will make it the quote Premier Computing Company for the age of Ai Invidia is best known for supplying ships at rendered images, video games, but it's so much more than Invidia has become sort of the power player in in this. Area and I know you're not a chip expert but this is the this is a critical company for a this this sermon, I wanna get into the idea of what it means for certain companies sort of owning a space and you just recently testified about single companies or or a small group of companies owning spaces, and how dangerous that is why it's It like this was a bit of an a for sale because bank has pledged to raising forty or fifty billion dollars in my understanding is they're they're not gonNA make a ton of money I think about bought this company that bought on for about thirty. Thirty or thirty, two billion just about three years ago, and they're getting a mix of stock and cash. What we interesting is it now I I've invidia. The, most impressive company I just don't know about its now got a larger market capitalization than Intel when I was in business school was considered kind of the most innovative giant company in the world. They've been blown by, and then what happens does apple still WANNA do business within video when they buy a competitor to their? To. Their chip designs so the chip bores looks like it's about to get more interesting and just. Greed. Company gets sold for forty. Billion although. That's a bit of a headline number. It was it includes performance in all sorts of other stuff that does about one point going timeout thirty times revenues, and then Invidia with A. It's got a three hundred billion on market cap with twelve billion in revenues I mean this stuff is just it as obviously very strategic that that literally exhaust might total knowledge of the chip-making space. Do you have any thoughts on this deal? Well, I think I think people don't realize Jensen Wong who's the CEO? Has had it sort of as quiet? Person WHO's super I tried to get him to come to co last year and removes like Oh chips the but I think it's really important to understand how powerful this company has become an how innovative it's bad. You know arm holdings was a designer of chips for mobile phones Softbank had struggled in this area Softbank was sort of into everything but bought it for thirty one, billion dollars a couple of years ago. So you know it needed money because of all the other problems it's having, and this is an opportunity for invidia but it's gone. It's gone well beyond mobile for. and it's it's in graphics. It's a it's been moving into self driving vehicles as an area that it's that it's moved into and so it's just it. Just it just says that you know it's going to buy up everything and like you were talking about all these opportunities that were that are a lot of the focus here is going to be on Softbank because it's been involved in so many deals that have sort of blown up whether it be. You. Know this this the overvaluation, we worker or other issues. It's been the the collapse of the Vision Fund and things like that. So a lot of people like to focus on Softbank because it's an interesting sort of ongoing traffic accident but really invidia is has quietly been. You know becoming the go-to Chip Company not just with graphics in games and things like that but artificial. self-driving another area it's moving into I. Think it's it's going to grow Internet of things and stuff like that and Softbank was just not able to do anything about it, and so I think you have to focus on invidia being on this sort of tear beyond where they started and I think people don't realize. It's one of these companies that you don't pay attention to very much like I'm blanking the other. There's another trip company that just is doing incredibly well, it's run by Lisa. Su That it's just there's there's all these companies that are holding incredibly powerful positions amd also on a tear that are very important to the future and so that you're right there's going to be a real focus on where the chip business is going.

Ai Invidia Premier Computing Company Chip Company Softbank Intel Apple Jensen Wong AMD Arm Holdings Lisa Vision Fund CEO
Nvidia Is Buying Arm Holdings From SoftBank in the Largest Ever Chip Deal

MarketFoolery

01:24 min | 2 years ago

Nvidia Is Buying Arm Holdings From SoftBank in the Largest Ever Chip Deal

"Invidia is buying fellow chip maker. Arm Holdings. From Softbank, this is a cash and stock deal worth forty billion dollars and I am assuming invidia got a decent price because shares of video are up seven percent on this news. Yeah shares of NVIDIA are up although the Softbank. Eighty hours as well. Softbank perhaps needs the money after who you know the recent missteps in some of its investments longer story is still very positive, one but given what may have been occurring with some their options plays a we we don't really know but it seemed to have. Perhaps affected the market. Perhaps Softbank lost the money on that but this was a property that they could get You get their money back on a little bit more than their money I think they bought it for. Thirty, one, billion I want to say something like that about four years ago. Probably invested some money into it along the way I'm sure they did So you know getting forty billion today is something they seem to. Need or at the very least want but the market is treating their eighty are here in the US positively.

Softbank Arm Holdings Invidia Nvidia United States