36 Burst results for "Softbank"

Fresh update on "softbank" discussed on Balance of Power

Balance of Power

01:12 min | 16 hrs ago

Fresh update on "softbank" discussed on Balance of Power

"The fastest revenue growth in a decade Japan SoftBank has gained 2.8% The technology venture capital company shared office unit we work is set to go public in the U.S. as soon as this week SoftBank invested $17 billion in WeWork The Netherlands SML holding has fallen 4.7% The champ equipment maker sales projection for the fourth quarter trailed analysts average estimate in a Bloomberg survey and the UK's Rio tint tell has lost 3.7% The mining company outlined plans to invest 7 and a half $1 billion over the next decade in projects to reduce carbon dimensions Rio also said it will use more wind and solar power and buy more electric vehicles And we thank you very much Dave Wilson keeping track of those ADRs S&P again up four tenths of 1% I'm Charlie peloton is a Bloomberg business flash This is balance of power with David Weston This entire year climate has been on the minds of so many people We have a generational obligation to transition to clean and renewable energy Where the world of politics leads the world of business Clearly as a country we're working away both out of this health pandemic with the economic pandemic as well There's 55,000 bridges in the United States right now that are structurally positioned Think about that Balance of power with David Weston on Bloomberg radio The clock is ticking on yet another dead ceiling drama Some of the most important U.S. embassies around the world still lack ambassadors to lead them and President Biden is on the road again selling his economic agenda This time in Pennsylvania From the Bloomberg interactive broker.

Softbank David Weston Bloomberg Charlie Peloton Dave Wilson U.S. The Netherlands Japan RIO UK Bloomberg Radio S President Biden Pennsylvania
"softbank" Discussed on Squawk Pod

Squawk Pod

08:22 min | Last month

"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 | Last month

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

Daily Tech News Show

00:33 sec | 2 months 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
Japan Makes Vaccine Push With Olympics Looming

AP News Radio

00:47 sec | 4 months 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
"softbank" Discussed on Marketplace Tech with Molly Wood

Marketplace Tech with Molly Wood

07:24 min | 4 months ago

"softbank" Discussed on Marketplace Tech with Molly Wood

"Softbank launched. Its first one hundred billion dollar vision fund in two thousand seventeen and just last month. The japanese conglomerate led by masayoshi stone said the fund had delivered record profits for the quarter. There have been some big failures to the modular construction startup. Tara filed for bankruptcy last week softbank had invested more than two billion dollars. In the company ca tara had borrowed money from greenville capital which also received about two billion dollars of softbank money. Greenville also collapsed earlier this year. And that of course follows the whole we work debacle a couple of years ago. Sarah kunst is the managing director of the venture firm cleo capital. She says softbank strategy has been to make huge bets on relatively unproven companies. The risk is you're putting a lot of money into companies on before you know. Sort of how good they are if you say that somebody is a billion dollar company when historically maybe would have been seen as is worth a hundred million you know. You're betting that by giving them that money. They're actually going to turn into a multibillion dollar company. I wonder what to make of the failure or near. Failure of several softbank backed companies. Should we take away from this. That maybe softbank is actually very good at this. You know it's hard to say right because there are there. Historically if you were writing checks of this is into startups they were so close to being profitable. Their business model was so fully fleshed. Out of there wasn't a lot of risks that they would they would go bankrupt and so now you are putting money in and there's so much more risk and the kind of founder who's excited to take that money and to take that risk might be somebody who is you know as we've kinda famously seen with we work somebody who is a little bit faster to spend that money out who's more carrion right. They're flying very close to the sun. But pretty publicly famously. Masa you know who who runs softbank. He's really gravitated towards those types of founders. And so there's a difference between is the strategy wrong for venture capital in general and is softbank choosing the right investments in. Are they applying the right lens. When you invest you expect a lot things to not work out that well in a few things to work out and be the next uber. Facebook or google or coined base and. Just have such a tremendously huge outcome. That it makes up for everything else when you're talking about bigger dollar amounts you're seeing bigger failures right but some degrees of failure is expected in this business. So yeah i mean certainly not a bug. it's a feature right and you're taking big swings. You're not playing it safe. And at some point you know you're either going to have a massive successor or some level of failure. I i think there's nothing inherently wrong with saying let's put a lot of dollars into startups a little bit earlier than historically people have put a lot of dollars and the question then becomes. How do you pick the right startups in in. How do you make sure that they don't fail. And i think that's a big question. Probably that softbank is is having internally right now what are some of the softbank success stories. We've focused on the failures. I mean a lot of their companies are doing very well. You know this isn't something where it's it's a hundred percent failure rate you know. And and even some of the companies that may be the the other thing that that becomes a little a little bit risky is what if you're too early rights. Softbank has invested in companies in categories. That have gone on to get a ton of tailwinds but maybe you know in venture. We like to save your too early. You're wrong right. So to some extent this whole model when they created it felt a few years too early and now other people are catching up to them like the hedge funds. But you know it was something that when they first started. Everybody thought they were wrong. In in you know you also can look at things like their investment into jordache with you know they put in like six hundred million seven hundred million and then it went in at over ten billion dollars on the ipo and so that is a is a huge success story. And so you know those sometimes get less Less attention because that's what we're supposed to do right. You're supposed to write a check into a startup and then make money on it on but but certainly it would be. It would be wrong to call them in unmitigated success and it would certainly be wrong. The call them in unmitigated failure. I mentioned the connection between greenville and katara. Both softbank backed companies. That have failed recently. Is that common in venture capital for portfolio companies to work together. Yeah it's pretty common. There should be overlap right. It should be it shouldn't be An arranged marriage. It should be. Hey there's a lot of commonalities here and it makes sense right. You know if you are a softbank backed company and you need office spaces. Small offices all over the world It makes perfect sense of two years ago that you would have turned to to we work and said hey you know maybe you met them. Maybe you know the founders met each other at a softbank event or maybe they were connected elsewhere and say hey you know. Of course we would work with you because we need the space and this is what you sell and so you see a lot of that happening. And it's generally organic And you know it certainly makes the investor happy and and it sort of you know not dissimilar saying hey you know. Let's let's go to my cousins restaurant versus the perfectly good restaurant across the street. I don't have the right. And so i think that that it's fine. You know as long as it's happening in a way that that is organic and accretive to both companies. How would you describe this moment. In venture capital as the economy emerges from the pandemic and things are picking up. You know it's it's been a fascinating moment you know there's more money than ever in venture capital investing You know it is kind of wild to say this given the devastating impacts at cova. Todd on you know a lot of low to mid income people but most people who are high income have been making a lot more money and so there's a lot more capital to deploy indenture capital. You know there's not a lot of places to get yield right now. You know you certainly. The interest rates are at an all time low. So it's very cheap to borrow money and so there's more money than ever in venture capital. The problem is that most of it is going into later. Stage deals and that's fine except for the fact that you know you need money earlier. Stage deals as well right. The next The next billion dollar company isn't going to appear if we don't have people putting money into the early stages of startups because you have to. You have to crawl before you walk and walk before you run and so you know if if softbank is putting money into companies to help them run faster we have to think about. You know who's who's working at the earliest stages like like we do at my cleo to put money into these companies so that they can crawl. Sarah kunst is the managing director.

Sarah kunst Tara Facebook google six hundred million last week last month Both two years ago more than two billion dollars Softbank softbank first japanese seven hundred million katara two thousand seventeen both companies about two billion dollars Masa
How AI Will Impact the Future of Jobs and Work

HumAIn Podcast

01:39 min | 6 months 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 | 7 months 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 | 8 months 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 | 8 months 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 | 8 months 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 | 8 months 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 | 9 months 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 | 9 months 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
Nvidia's $40 billion Arm acquisition to be investigated by UK competition regulator

Yahoo Finance Market Minute

00:40 sec | 10 months 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 | 10 months 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 | 1 year 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 | 1 year 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 | 1 year 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
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:38 min | 1 year ago

"softbank" Discussed on Bloomberg Radio New York

"Intel has agreed to sell its NAND memory unit to South Korea's escape. Hynix for $9 billion That's a big deal. This morning s K Hi Nexus trading lower, though it has fluctuated about 2 to 3% down for the session and looking at the broader markets. The Nikkei is down about 3/10 of a percent similar losses in Sydney here this morning. The cost be he's down about 4/10 of 1%. And Taiwan and Singapore. Similar moves to the downside, Softbank group is trading off about 1%. Softbank has increased its equity positions to more than $20 billion. It appears the company is doubling down on an earlier bet. Despite a skeptical response from shareholders at the time that said Softbank itself is trading very near to a 20 year high I mentioned the currencies weren't too active. All of a sudden here we've seen a little strength in the U. S dollar. We had been trading lower. It's now up a little under 1/10 of 1%. And so the end is weak and Dahlia wanted 5 58 the euro at a dollar 17 68, the Aussie He's trading pretty sharply weaker 70 to 70.39 US sense. The yield on the 10 year has moved down one basis 10.20 point 76%. And crude is trading off. About two thirds of 1% wanted data out of China. The lone prime rate kept unchanged and September new home prices were up about a third of a percent month on month up 4.5% year on year growth was slower than in August. That's a look at markets. It brings us to 12 minutes before the top of the hour, Mrs Bloomberg Daybreak Asia and handling news.

Softbank group Intel South Korea Mrs Bloomberg Daybreak Asia Taiwan Dahlia Sydney China Singapore US
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:55 min | 1 year ago

"softbank" Discussed on Bloomberg Radio New York

"And here in Singapore. I'm Juliet, Sally and I dug prisoner, the Bloomberg Interactive broker studio in New York. We've got trading underway in Hong Kong now, boom. I mean, you got the hang sang up 2%. In the opening 60 seconds. No trading on the Chinese mainland today, given a holiday for the entire week, and we're seeing other markets perform strongly to the upside. A lot of risk on we'll take a closer look at what's happening momentarily right now, let's set our eyes on soft bank, this company, the group has been contemplating going a private For about five years now, and nearly everyone except founder Masayoshi Son opposes it. We want to take a closer look now with a Bloomberg reporter, Pablo, a pie of he's in Tokyo. Hopefully to give us a reality. Check. Pavel. Thank you for joining us. So give me layout. The argument to be against privatization of Softbank. Oh, boy. There are so many things to say dead, you know, for once it's incredibly massive amount amount of money that someone would have to race. Big Bengal private as of this morning in the market, cap it about 131 billion You know, Shawn owns about 26% of the company and together with Ben groups, Treasuries that brings it to about 36%. So which means it's still quite a bit of stock out there and With premium on top, which grew up too much of 25% are insiders are telling us that you don't think I have to rate about 80 billion to take the company private. That's just one point, of course, raising that kind of money would normally turn to Japanese banks, but they have been increasingly wary of their exposure to the group, which is That second largest boar, or, you know when you go to financial operations in the company And fulminations, including change of control for clauses in some of overseas bonds. Stone's own borrowing using Solvang Group shares of collateral, But more importantly, police something like that off would take my social zone out of Out of action out of making big deals for a year to a year and a half. And our sources tell us that much in an eternity. Double Your Your story says almost everyone at self Bank thinks going private is a bad idea. Tell us why he runs so against Ed on why Sun is so in favor of it. One reason that phone is for it. You know, there's been a persistent discount on your bank. The 1 31 billion market cap mentioned earlier confessed about 140 million off. Ali Baba steak that they're holding on Teo, and that's meaning that told Make sure the Mobile Corp a domestic group, You know visions, ponds and the upcoming in video arm stake. Our old Delhi that zero so at Stone has said for a long time. It is a bargain. Now, taking some big private would also give them free rein to pursue deals. And, you know, we know that almost every time he comes up with some grand big new idea, the market punishes the stock. You know, it was true when he acquired friends. It was true, and he acquired Hold up. How much stock to be an amazing deal herself Bank and the most recent example of his massive bet on you know the fate of Camelot on an apple stocks and the options trading that alone costs or group $17 billion of market cap in just a few days. That's just not something you would have to work at once the company's private, so maybe he does a little bit of preparation before some kind of move to privatize, and he sells off even more assets is that A possibility. Well, one of the reasons why the beast parks are these rumors are relevant right now is that I don't think it's in a massive acid fellow spree. I mean, Beverly unload about $13 billion with Alibaba. They sold a big chunk of their shared mobile and cut their stinking bank or by a third. Basically, they're saying on huge piles of cash. A lot of that's going to be useful by back about 2.5 trillion yen worth of them. But he's gone beyond selling arms to India. So the question is. What are they building out? Tio, you know, taking that much stock off the market with that much cash, NBON certainly becoming a much more realistic prospect. Pavel. Thank you. Great to have your insight. Great reading to the Bloomberg story on the terminal has to do with the possibility of soft bank going private. Nearly everyone, though, except its founder, Masayoshi Son opposes it. Pavel a pie of joining us. From our bureau in Tokyo, Julia Well as we are looking at the market opened in Hong Kong, Doug, you mentioned that big pop on the hang sang It actually rose 2.5% on the open now up by 1.6% giving back some of that. But that tune opposite jump was actually the most. The Hang Sang has jumped since July's is certainly risk on in the region today. The yen fooling against G 10 currencies, the Aussie dollar leading gains. This is traders react to the possibility that President Trump could leave hospital as soon as Monday. You've seen a teacup in U. S futures to when it comes to equity markets. Apart from Hong Kong, the 6 200 Sydney is Lady gains up 2% in holiday thin trading with some states on holiday there and Japan's Nikkei, 2 to 5 is up by 1.3%. We've got games of around 1% on the Cosby In South Korea. We had a number of test market releases out, too, for the month of September, the Commonwealth Bank and HS Market release for September in Australia. So the index rise to 51.1 so showing some signs of expansion in Taiwan, the highest rating since March. 18 2055.2 and in South Korea still contraction for the ninth month. But the reading came in at 49 Point H, which is the highest since January. 2020 looking at the oil market is higher at $37.62 Brent at $39.75 with single pretty steady at 899 US Stole is announced Certainly showing that we have got a lot more money going back into risk assets today, Doug. All right, Thanks, Jules. Let's get to global news President Trump temporary left the hospital today to visit with supporters outside at Baxter covering it. From the Bloomberg 9 60 newsroom in San Francisco, Eddie Yeah, You're right, Temporarily. Doug. He's back. Now. He tweeted a video, saying he was going to pay a surprise visit outside. He did. He's back doctor, saying he could be released tomorrow in the video he started to see and we started to see how he will play this becoming the new expert. Very interesting journey. I learned a lot about covert. I learned it by really going to school. This is the real school. This isn't let's read the book school and I get it and I understand it, and it's a very interesting thing. I'm going to be letting you know about it. And change is already in the West Wing and I say, Director Robert O'Brien says, masks air now mandatory over the past couple days is this has spread.

Bloomberg Hong Kong Bank Doug Masayoshi Son founder Tokyo Stone Trump President Bloomberg Interactive South Korea Singapore Commonwealth Bank self Bank New York Softbank Big Bengal Sally Director Robert O'Brien
What it Means to be "AI Ready" - with Matthew Mattina

Artificial Intelligence in Industry

04:52 min | 1 year 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 | 1 year 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 | 1 year 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
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 1 year ago

"softbank" Discussed on Bloomberg Radio New York

"Scrutiny, Given that investment from soft language made headlines to the losses of its portfolio companies, the lights there we were over and so on. See for a couple of things Softbank invested in policy Bazaar evaluation off under $1 billion. After that drowned. We have had one round at $1.5 billion which was a secondary pretty significant secondary $150 million. After which we've got. Another secondary had $1.6 billion. And we are in the seat off interest. Back over $2 billion right now, which is none of these are from self bank. So all I'm saying is, we had a rare example of a company which you know has received higher and higher valuations. From other investors. Not just soft, So I think this I I don't know about the other investments of Softbank, but this one is doing quite well. But earlier on you did say that the investment from Solvang was a mistake yet you did accept Mohr investments from the company. No, I don't think the I think that was incorrectly reported. We did not ever say that the Rays from Softbank was a mistake. I think that helped us in that time. Some of the decisions. We made post that Rays were incorrect, and those who have nothing to do with a single investor sees off bank at that stage, another need percent shareholder in policy bazaar. And 8% You're older, you will appreciate it does not make or does not leave the strategy for a company. The board of the company does that in At that point, Softbank was the fourth or fifth largest investor on our cap table. Even today, Temasek.

Rays Softbank Temasek Solvang Mohr
"softbank" Discussed on Startup Snapshot

Startup Snapshot

02:54 min | 1 year ago

"softbank" Discussed on Startup Snapshot

"Geo Platforms, the company announced last week that it set to receive ninety seven million dollars from us. Based qualcomm ventures in exchange for a point, one five percent stake on fully delegated basis. According to a statement, the fresh funds will go toward GEOS plans to roll out five G., infrastructure and services in India. And if he thought that was all, we heard from Gio last week. Google decided the joined. The company's ever growing list of investors to. The Global Internet giant is investing four point five billion dollars for a seven point seven percents taking you putting the Indian companies total funding within the last few months to over twenty point, six billion dollars, selling a roughly thirty three percent stake in the company. With the deal Google and reliance industries will work on a customized version of the California based companies, mobile operating system. Over the past few months GIO has attracted a wave of investments from foreign investors with facebook, injecting five point seven billion dollars into the company back in April. Other investors include KKR, general, Atlantic and qualcomm among others. If you want to catch up on the crazy number of investors, gills govern lately. We've got a very pretty visual of its funding activity from last month that I will link in the show notes so check it out. Anyway this news of Google hitting up Gio for funding is linked to this next piece of news that the Internet giant has big plans for India. How big you ask about this biggest investing ten billion dollars over the next five to seven years. The announcement was made at Google for India event. Where Alphabet CEO's soon. Darpa Che said that Google for India deal. Fund will focus on areas that are important to the country's digitization. With Google. FACEBOOK and several other companies entering the ecosystem. It looks like India's the next frontier for digital innovation. And that's the news pretty short week last week in terms of news, but the news that was announced. Wow! Anyway. That's all for this week. Of course, there's so much more that happened last week that we didn't cover so if you want access to unlimited news reports on the Asian Tech Startup scene head over to tech in dot, Asia Slash sub and you can read to your Heart's content. But what did you think of today's episode? Harbor secret fears of inching closer to a black mirror like reality, or are you more afraid of being lied to by a cup of coffee? Drop me a message. Let me know I'm at PODCAST AT TECHNICIAN DOT COM, and I'd love to hear what you think. Till next time my name's net. Have a great weekend..

Google India Gio qualcomm facebook KKR Darpa Che Alphabet CEO TECHNICIAN dot California Heart
"softbank" Discussed on Startup Snapshot

Startup Snapshot

07:49 min | 1 year ago

"softbank" Discussed on Startup Snapshot

"Hi My name's net, and this is the weekly snapshot. Your weekly Dose of Asian Tech, and start up news. We've got some pretty sad news to kick off this recap with skype founder Toivo. Annus passed away last week at forty eight years old, due to an unexpected illness. He's known leading the engineering team at the company until it was acquired by e Commerce Major Ebay in two, thousand and five. And later established investment firm, ambient sound investments with three of his colleagues from skype. The. Estonian entrepreneurs regarded as one of the early backers and advisors of southeast. Asia tech scene pouring in funding to see groups gaming business arena in two thousand eight, which was before funding taking off in the region. Other, notable investments in his portfolio include Red Mart read dot payment for mellow fashion, CODA payments, and VC, fund jungle ventures among others. If. You want to read more about toys impact on the tech scene here are linked the full article in the show notes where we've quoted a bunch of tributes and such from one the community, so go ahead and check it out. Typo on behalf of the entrepreneurs have come to know you as a quote, brother and fearless investor. Thank you for believing enough. In other news last month was a rough one for Indonesian activists, as Nusa surfaced of ride hailing APPs. Grab and go jack being used to intimidate them into silence. Victims, who were set to take part in a roundtable discussion on racial injustice suffered by Papuans in Indonesia were writing out the covid nineteen pandemic at home with their families, when unknown perpetrators hijacked there ride, hailing APP accounts and sense of drivers to their doorsteps, sending a message that seemed to say, watch yourself. We know where you are. Men, this sounds like the setting of a Black Mirror style of cyber thriller flick. I'll link the full article below, but these cases raise concerns about systemic weaknesses in these very popular APPs. According to the victims doing no signs of attempted hacking alerts to the flag. LOGGING ATTEMPTS ON DIFFERENT DEVICES ARE ODP requests. Their phones were also working normally prior to the of orders coming in. So, if the hacking didn't happen on the client side of things, it only stands to reason that the weak points that were exploited. We're on the side of the system providers. But, though experts insist that grab go jack both take steps to ramp of their security systems to prevent third parties from using their APPs for malicious purposes at the time of recording, neither of these, APPs have made any moves to tighten security. Feeling lucky listener if you said yes, you're probably not luck. Coffee Co founder and Chairman Charles Liu who was ousted from the company after a board meeting last week. Aside from Lou, the company is also removed three other board directors, David, whaley or high Lou and Sean Shell and the to new independent directors. These personnel shifts were made following confirmations by internal investigation, said in that three hundred million dollars in revenue was fabricated last year. Founded in two thousand seventeen, the company was operating over four thousand stores across China as of the end of last year, but its shares market value dipped after the company announced an internal probe into the fabric of the transactions. Last month its shares were de listed from Nasdaq after looking received to delisting notice from the exchange amidst the investigation. Incoming CEO Gore is probably going to have a hell of a time getting back on track. Lucky for him, he works at a coffee company, so at least he can always start his day with a nice cover if that's any consolation. Speaking of which I'm going to take a quick coffee break. When I get back I'll run you through last week's funding news, so maybe get yourself a Nice Cup of two, but don't take too long. Are you a leading brand, do you? WanNa reach Asia's Tech Community. Are you willing to pay reasonably for it? Look no further because technician studios has got you covered. We worked with brands like Deloitte Google visa salesforce. Grab just go line. We Chat Singapore's Infocomm Media Development Authority tomasic and so many more of their stories build events around them and expand their network. But don't take it from me. Hear it from Jason. Lynn startup ecosystem partnerships lead at Deloitte's innovation team, who said technician is a great ecosystem partner in solidifying our innovation agenda across Southeast Asia through powering our flagship deloitte spark series. Many meaningful conversations have kick started across the region. You're welcome Jason and thanks for putting good word, so if you WANNA work with us, visit tech end dot Asia Slash Studios. Fill out the contact us form at the bottom of the page and we'll see where it goes from there. Now back to the show. Right let's get to it. Soft Bank's shares soared last week closing a six, thousand, four hundred. That's about sixty US dollars. Almost double its closing price in much. This development follows the firm. Buying back two point seven billion dollars worth of its own shares in June, as well as the rising share prices of some of its high profile investments such as Goober and slack. Softbank had a rough twenty nineteen. What was the not so great IPO OF UBER and the body? I appeal if another of the firm's portfolio companies co working space startup we work. The fallout of these two apple events loan softbank loose almost ten billion dollars in the fiscal year. However despite US shares taking plunge in March Softbank was able to achieve pre cove nine hundred numbers last month due to an increase in the firm's Alibaba shareholdings. Demand driven by covid nineteen, also boosted the value of its investments in a number of Chinese companies including and bite thence. We've got a whole time. I know saw thanks rollercoaster journey since two thousand seventeen. You're interested I'll link that in the show notes. Los Angeles and singapore-based VC firm. We've make partners closed its third South East. Asia Fund at one hundred and eleven million dollars, exceeding its target of one hundred million dollars. Who doesn't like an overachiever? NEW INVESTOR concentric equity partners joins the firm's existing institutional. BEKKER's which include pavilion capital domestic. The World Bank's International Finance Corporation and Vulcan capital. The New Fund has a total of seventy three limited partners according to a statement. Since twelve wave maker has been focused on backing enterprise and deep tech startups. The company previously said that it's sea fund three, which will be managed by partners ball Santos Eric Mandanas and Gavin Lee aims to invest in sixty new companies with an initial check size of about five hundred thousand dollars. So if anyone is looking for a cool half, a mil hit them up. News once again from.

Soft Bank US skype technician Asia Annus Jason Deloitte Indonesia Lou Tech Community Asia Slash Studios founder Toivo Asia Fund Southeast Asia International Finance Corporat New Fund China Red Mart
"softbank" Discussed on 77WABC Radio

77WABC Radio

07:41 min | 1 year ago

"softbank" Discussed on 77WABC Radio

"88888 Josh called Josh Dolinsky Post of the popular financial Quarterback Radio Program. 888988 Josh parent Tely. There was a company bought it was a venture between true kids. And you know, you wonder. You know how much did this? How much did Toys R us get bought for how much of these brands get bored for once they go under again? They get What the weird thing, Joshi? I don't know if you know, but but what? They never auction it right. Like you never say okay, we'll take all bids. Yeah, No do crazy stuff was only like Wall Street stock like you ever heard like a stocking horse Buyer? Um, that's when we'll generally you. It's so crazy, Josh and what they'll do is that you have these private every prince will buy the distressed head of the company go into bankruptcy. So when the company that goes into bankruptcy, they bythe distress that of pennies on the dollar. So when they're going bankrupt, the company just put him in the bank. The antimony, um in Bangor. Plea it, but it's legal to do this visit moral. I mean, that's uh, believe that God, but we're seeing a lot of crazy stuff like this. And so Death is so big on these things is that I heard that Like Cyril, a table on the table. It was like a gourmet store that have stores like inherent city where you are in and out of Seattle. And that was like two leveraged buyouts, and Freeman Spogli did it and then Best to corporate of brain of the private equity firm, and they went back up the other week. And they were bought a couple times like 150,000,001 million small, relatively small deals. I think, I think They're gonna get bought by She was a fortress Investments, which is part of Softbank, which is the private equity arm of Ah of Softbank. 30 million and Softbank is owned. I think by the Chinese You know what? He was the guy we were, which was insane. I don't know You're in. You're in New York, Josh, but I mean The last year we were house saying this is Was valued as at 47 billion with a B O k just a year ago, But it wasn't for the crazy exploits of the President, it probably would have commanded a very significant premium. So it was. Yeah, yeah. Banana with 34 million. I don't know Billionaire Get it, So it's just It's just so crazy. It just We couldn't do that in our business is but you know with, well treat that's well. What can I say? And I want to distinguish that Wall Street meaning private equity and leveraged buyouts, not Your financial advisor who's a fiduciary? You own an R A. I own an R A. You know, it's um But what's interesting is people rail on income inequality, for example, But if you let these companies just go out of business, it would it would re price assets, so we're not leading companies. No wonder And that's the problem. We are, You know, the Fed and The government has turned into buyer of last resort. So what do we do with What do we do with their money? You've done a lot of research of where banks and very wealthy people put their money. You want to talk about that for listeners? Yeah, First of all, I'm going to give us new fresh research. Just as you have been very proud of you. Don't you denigrate job, My man and your great great job. That's just a letter when no there in the queue you can. So when you met me when you met me when I was 23 or whatever. Did you think I would know his macho, are you? No, No. No, But I'm proud of you, You know? So when I say we're very instrumental in our company, so thank you so but anyway, so Right, And my business is actually pretty good, but Um people give my books by goto Barry James dot com taken by him or they get it from you. Whatever. Um, but I just wanted because you've been generous to me. I wanted to give you some research. Proprietary research is Ah, you know about annuities, and how Maja and then folks, by the way, Everything's trademarked er, copyrighted by Barry James Dyke. A lot of people rip you off for ideas on they do that they do so with me. I'll have to give you some tips. You know? I mean, I was the financial quarter back when I was like, 23 everybody started ripping me off for that name. Yeah, Barry Dike is the is one of the leading researchers. People go him. I think him and Bob cast alone. I've been ripped off by more people in our industry. And so the way I was starting to bug yesterday, I'm actually I'm doing a broadcast would be interviewing Bob and he's been Very instrumental me. He's a good guy, and that's funny mentioned Bob. I just talked to him yesterday and He was on a show a couple weeks ago. I think he's getting bored in retirement. Yeah, yeah. Hey, hey, sister. He's just a very passionate Italian Sicilian gambit may have boys. He's smarter than a whip. But The but I just want to share this because no one's actually dug this up. But I haven't What I found. Josh's overseas is, you know what it's called De risking. Essentially insurance. A lot of these corporate pension plans. They can't figure out how to manage the pension assets. So my point is that if these major fine institution can't figure out how I manage their retirement plans of pension as how Khun Retail investors do it Good luck. You know what I mean? Some people maybe went out of 100 cannon, but most people can't So I just want to share with you, Lloyd from the latest D risk, Okay? Lloyds Banking Group. They bought 13 billion in longevity swapped. I mean, you know it with insurance companies on DH January this year. HSBC, Hong Kong Shanghai Bank cop You know that the money the Kane Cartel, which helps the Ah the Mexican cartels wanted the money. They bought 8.5 billion in longevity swabs. You b s g U P s A G, you know ups used to be smart. 1.7 million this month, Okay? Lehman Brothers. But a $1,000,000,000 knew about a $1,000,000,000 of of life insurance or annuities. So these large banks are putting their money with life insurance and annuities Companies. Also what's interesting to note is and I don't know of private equity. Lot of private equity firms were buying annuity companies and insurance on that, and that's disaster into itself. Then that's one of the that's one of the impetus is Josh from the writing the book. What are they buying It, though? Are they buying them to protect their own assets that they made? You run up? Well, they they call it just, you know, it's Wall Street speak they called permanent capital. As you and I know there's no one better than a life insurance company who can preserve capital and protect capital of no one better than that on..

Josh Dolinsky Joshi Bob Barry James Softbank Toys R Cyril Lehman Brothers Seattle Freeman Spogli Fed Barry Dike New York Bangor Lloyds Banking Group Barry James Dyke fortress Investments Khun Retail
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 1 year ago

"softbank" Discussed on Bloomberg Radio New York

"Threat is over and it is not from Bloomberg world headquarters in New York I'm Doug Christian let's check this hour's top business stories and the markets fed chair Jay Powell said he thinks the American economy will recover steadily through the second half of this year assuming there's not a second wave of the corona virus he was speaking today on CBS sixty minutes Powell also said for the economy to fully recover people will have to be fully confident and that may have to wait for the arrival of the vaccine shares in softbank group pushing higher by about one and a half percent right now in the Tokyo session this after the company said it would buy back up to six point seven percent of its shares outstanding for a total of five hundred billion yen softbank also announced changes to its board of directors including the resignation of member Jack ma he is leaving on June twenty fifth apple said its re opening more than twenty five stores across the U. S. and twelve stores in Canada this week this will add to the nearly one hundred global locations that have reopened to customers some stores in the U. S. will only be able to offer curbside or storefront service Taiwan semiconductor has reportedly secured rush orders from walkway worth seven hundred million dollars this is according to the economic Staley was on Friday in the states the trump administration move to prevent those chip makers using American technology from selling to far away we check markets every fifteen minutes here on Bloomberg right now in Tokyo the Nikkei is up seven tenths of one percent in Seoul the cost be higher by nearly a half of one percent in Sydney the ASX two hundred is up more than one point four percent in Hong Kong the hang sang is up half of one percent and in Shanghai the composite index is higher by half of one percent U. S. ten year treasury in the Tokyo session has a yield of sixty four basis points global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries this is Bloomberg these birds hello.

softbank CBS Doug Christian Shanghai Hong Kong ASX Sydney Seoul New York Tokyo Bloomberg Staley Taiwan semiconductor Canada apple Jack ma Jay Powell
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:40 min | 1 year ago

"softbank" Discussed on Bloomberg Radio New York

"Japan a short while ago this is first quarter GDP we were expecting a negative reading than the one we got wasn't as bad is the one that was feared I guess you could say with negative three point four percent annual growth rate the market was looking for something in the vicinity of a negative four point five so we've got the Nikkei up modestly something around a tenth of one percent the end here is weaker at one of seven twenty four and as long as we're in Japan let's mention softbank group company is going to buy back up to six point seven percent of its shares outstanding they'll spend about five hundred billion yen to do so between today and the March thirty first the company has also announced changes to its board of directors including the resignation of member Jack ma right now I'm looking at shares in softbank they're trading higher by about seven tenths of one percent in Seoul right now The Cosby is down about a tenth of one percent in Sydney meantime the ASX two hundred is up but one point one percent we heard from fed chair Jay Powell he was interviewed tonight on sixty minutes earlier CBS news released a snippet of that conversation and in it the chairman said it assuming there's not a second wave of covert nineteen he thinks the economy could recover steadily through the second half of the year there's a cabbie out here he said in order for the economy to fully recover people have to be fully confident and we may have to wait for the arrival of a vaccine ten year treasury right now is at sixty four basis points on the Tokyo session that's market action on to global.

Japan Jack ma softbank Seoul Cosby Sydney Jay Powell chairman CBS Tokyo
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:45 min | 1 year ago

"softbank" Discussed on Bloomberg Radio New York

"So let's begin in Tokyo where right now shares in softbank are trading higher by about two percent the company had been forecasting a record twelve and a half billion dollar operating loss for the fiscal year ending in March or the one that did just and the stock had been down more than two percent earlier but we've seen the complete recovery and softbank shares and that is helping the Nikkei higher by about nine tenths of one percent in spite of the fact we have a stronger yen here at one oh seven sixty five against the dollar the Aussie market back online after a holiday yesterday at six two hundred better by half of one percent and then sold the cost B. is now up by about nine tenths of one percent here in the states we finished mixed there is this impending earning season and there's a lot of anxiety about of the results particularly in the context of the corona virus pandemic John Stoltzfus the chief investment officer over at Oppenheimer likened it to a flying without instruments we have the Dow weaker by one point four percent today but the nasdaq composite actually picked up about four tenths of one percent in the broader market S. and P. down below twenty eight hundred we gather actually gave back about one percent on the session right now if you look at the treasury market ten year is yielding seventy five basis points in the Tokyo session and crude oil continuing to big be whipsawed a bit we were down in New York by one and a half percent we settle twenty two forty one there is this ongoing debate is whether or not that deal that was struck over the weekend by OPEC plus is enough to stabilize the market something just shy of a ten million barrels per day in terms of a production cut we're twenty to seventy right now in the electronics section all right that's market action.

Tokyo softbank John Stoltzfus chief investment officer Oppenheimer New York OPEC
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:38 min | 1 year ago

"softbank" Discussed on Bloomberg Radio New York

"Was sometimes you know you go where you want to go with the patroness of the Japanese investors worldwide and if this is of course Mister sun and softbank in what they own what they don't know next letter a and joining saw Alex web to translate here and sprint okay Alex can you help us out with how softbank got involved with sprint in the first place suspend was a new majority stake I think was acquired by softbank going on for a decade ago now go yeah and we've had a constant on and off discussion over much of the subsequent decades all they can to team up with T. mobile as it was substantive came nine on my simple he was gonna be the senior partner finally that deal is reaching it well with the deal was a wreck agreed two years ago now but looks like it's funny going to complete are they going to re price the deal I being in a lease and I are sitting here doing the calculus on this I mean the deal was done forever ago T. mobile up up up springs when a train wreck from day one do they need to reprisals for important ratios in the transaction I don't think so I think that ship has sailed the two companies putting out statements today saying that they expected to complete by the start of April now say you know we may be in store to telecom which is you know the biggest shareholder in to my boss interested to to it somehow reprise the deal but you know its stock is also up on the pro prospect of this still closing the eighties the biggest cash cow for Deutsche telecom which is Europe's largest mobile operator right now just looking at sprint premarket down a little bit but yesterday shares surged seventy seven percent which is just shocking for a company of that size meanwhile we've got a real focus on softbank's earnings came out overnight and there is a question just about their governance structure the relationship is going to be with Elliott management wishes took an important purchase of shares in softbank but really for a lot of investors the focus is on the vision fund which has been in one of the biggest drivers evaluations and silicon value it posted a loss a two billion dollar loss in the quarter how big of a deal is this at a time when there are a lot of questions about the we works and you know and and some of the other companies Airbnb which is gonna IPO later this year and and had a loss in the fourth quarter well I think it's fundamentally gets to Elliott's problem itself banks say your alley at having now taken a three billion dollars stake it's sort of view is that of division fun is that you're very small part of softbank's actual business and yes it consumes a hundred percent of the oxygen that whenever we talk about softbank we don't we seldom you name mention his name without mentioning the vision found in the same breath the reality in the most of its valuation concert steak and and Ali Baba it also has publicly stakes in it's sort of a part of us carrier in Japan's softbank easy sign my ball carry it in Japan it also has stakes in you know Allman a bunch of other companies and the value of their stakes is perhaps two hundred seventy billion dollars that is significantly more than the act the value of softbank itself and yet did one of the and and and the one the reasons for that discount is actually because people look at the the the hate cops and the snafu of of of we what and they think of next this company has Sirius corporate governance issues what moron and telling us how do you know if people are listening we thank them for listening all the time rate Alex do they have any transparency on this this massively opaque company I mean does anybody really know what softbank's accounting is known and that's what I'm increasingly someone says something to his feet hurt but on but ultimate that is one of the things that rule say complaining about the good will the bed will the LX web will whatever you want to call it does anybody really understand the intangibles involved here it certainly a big office into one of the criticisms is that a lot of people within softbank of people came out of Deutsche Bank I'm responsible for structuring a lot of the the needed financial products they had in the run up to the crisis and the people that if people have been quick to draw comparisons between the two that's why Ellie is also for better transparency I think isn't Saudi fat to mom do you know there is one criticism is that the it for argument's sake let's not quite clear that they do this but an occasion is that they you know you invest in a company what is valued at billion and you throw in two hundred million to an eighteen months later you invest in the same boat company at a four billion valuation but you any during fifty million all of a sudden a hundred fifty million valuation one fifty million investment has become part four hundred fifty million in book value on this pretty hard now the something would offend this by saying well there are other investors to invest the same valuation at a later date but it doesn't always smell right and that has some seems to pop common stock in some of these investments not least we work and Elliott sang body just constant on the main business use of capital to buy back the note on the pin the value of the property traded stock you have in Japan and that's a fall but a way of generating turns your existing investor base time adjuster this happy unrealized gain on investments at the vision find shrink a five point two billion dollars which is less than a third of the paper profit that softbank every six months ago those who have thank you so much convoluted thing and all we know folks you know I I'm sorry I asked the sophisticated question was to was beneath always webs need to answer it it was too too simple for Alex is our phone bill going there were four players and now there's three is our phone bill going up that's All I Want to know I actually did some research yesterday after John raised a good point about how much cheaper bills were in the UK and why they're so much more expensive in the U. S. and a they have been coming down the U. S. yes I see the taxes on the bills have been going up a lot to a significant proportion of fees really have to do with taxes if you throw I mean like ninety eight percent of some of these plane flights in the history of the taxes we look at you look at the breakdown of taxes and fees I mean you know I mean I'm I'm going to stand still in the Gulf Stream but you know is just say something place is important two days ago this complete uproar over the record speed of the British air plane going over yeah did anybody talk about when you fly back from London and you feel like you're leaving Warsaw Poland because the wind is beat me up and takes like.

Mister sun softbank
"softbank" Discussed on FT Banking Weekly

FT Banking Weekly

03:23 min | 2 years ago

"softbank" Discussed on FT Banking Weekly

"Invest in new developments in quiet new customers on thin margins. Very good. Let's move on to final topic and a look at Greenville a British private finance shadow Bank. The kind of institution that maybe isn't in the mainstream of financial services Cetinje, not a high sold name. But a stake of it. We think up to maybe twenty percent of it has been a quiet by the enormous Japanese investment firm. Softbank rub. What do you think has drool them to this business on what exactly is going on here? Yeah. It's a good question. I should say the green select she drew a very big investment from general Atlantic last year, which is a big US investor known investing in European fintech. Adian end payments companies probably the most famous bat, so it would draw in love interest. But that crystallized evaluation of one point six billion. So SoftBank have poured eight hundred million dollars into Greenville to take a minority stake. But it's incredible to see the inflationary impact soft bank's valuation. It's gone up from. About one point six billion to three and a half billion. And put simply I think on the key. Appeals to SoftBank is what Greenville does SoftBank love financial structuring, financial engineering, and they love clever use of off balance sheet debt. That's basically green main business. They find clever ways for companies to raise financing out of that supply chain working capitals, which crucially don't usually count towards that debt. You can sort of see why that the soft bank's alley. Yeah. Absolutely. All their comparible investments that it's made. Well, I mean, it's starting to make financial investments, right? We've seen oak north in the UK to an extent we've seen it. We've wire called in Germany, although there's an interesting structure around that. It's something thawing to do is they're coherent strategy that we can detect amongst the few investments they made is probably a bit too early to say there's not necessarily any grand plan again of mood, these businesses and create some great. Funding. But it's patina stakes butting these types of complex financial structures. Yep. Indeed and green. So it's been involved in some complicated situations, I should say green toes founded by a guy called Greenville, lex Greenville. He's this. Australian guys charming is the son of a farming family. And he's this great story about how his dad's business and any went under because of late supply of payments and how he's doing all this stuff to try and fix that issue. But he was involved in a pretty Harry situation to do the magic GAM GAM had to liquidate a fund due to them being able to sell a bunch of bonds that Greensville attracted and say that that situation still not resolved so oversea that was no block on SoftBank investing. But he's been involved in some interesting situations does illustrate them there at the end of the financial will oppose. Thank you wrote for the explanation. Well, that's it for this week. All this left for me to do is to think, Nick, Stephen and rolled an August. John Cronin from good, buddy. Thank you for listening. Do take a look at our latest subscription of if you're not already enough t- subscriber. That's F T dot com slash offer. Banking weekly was produced by Fiona Simon until next week. Goodbye.

Greenville SoftBank shadow Bank Cetinje GAM GAM general Atlantic John Cronin Fiona Simon US UK Germany Greensville Harry Nick Stephen eight hundred million dollars twenty percent
"softbank" Discussed on WGN Radio

WGN Radio

05:34 min | 2 years ago

"softbank" Discussed on WGN Radio

"A couple of softball. Yeah. That's right. Softbank cargo shirts. The phone thing. When Motorola I came up with the first cell phone, which is about fourteen pounds and a foot long with a hard rubber antenna. I remember having a pair of early cargo shirts in the early nineties and putting the giant phone in the pocket first off the phone have Japan style. Right. And then Secondly sitting down having the hard rubber head tennis stab me in the ribs. Not exactly built for pockets at that point. Yeah. The cargo shorts don't actually aren't good for holding cargo from an eight four seven still looking for thirty six men's husky jeans. Get thirty six inch waist, which I think is the average male waist is thirty four thirty six. I don't know that you'd even qualify for husky. I think you might be kicked out of the husky department. Yeah. I think you're only coming into husky to mock, the husky. I think if you're a twelve year old boy and you're wearing thirty six ways, that's probably husky. Husky. I was there once. To observe. Good. On the air, and you may have gone through this as well. But there was a store on east coast where I grew up called James way. Which was like, you know, James I knew James way, they didn't have them around my area, but I knew all of them. Yes. So James how James James k mart without the frills. Yeah. Yeah. Trying to think what they had here that was kind of like it us not SIMS maybe Woolworth. Yeah. But James way, my mom for back to school and we'd go into James way. And she would go straight to the customer service people and she'd go, we'd husky jeans. Boy G. Wow. Does she could guard me for life? Like god. Mom, mom. No. No. No. So, but we got our husky pants. Then we headed for the exits. Studio, a friend of the program who's done something, rather amazing. She had a goal work the goal. She accomplished a goal and now she's moving towards the next steps of the goal in by the way, the goal is going to help all of us. Valerie, everybody your last name because I don't want to mispronounce it like. Or it's growth Valerie growth jarrow t h right? And the Ryan banks academy is well to me. It's a two-part legacy. One is to Ryan who has Ryan banks. Ryan was one of my former students CPS school social worker on the south side for a long time. And Ryan was a student that I worked closely with unfortunately, he has lost a gun violence. He shot and killed at age of twelve. Yeah. It was just a drive by gang situation or something. Or what do we mean? Unfortunately, now, there's also a family legacy piece to this isn't there? In in in regards to doing. This was your dad and educator or. Yeah. My dad is a principal in Indiana. Right. Right. Right. So he's gotta be thrilled. I hope so. Well, the point to all of this is with education in your blood. And and wanting to get this done the ultimate goal here is a boarding school. Yes. And why is that important? It's important for a lot of reasons. So working in the schools with kids like Ryan, first of all when I lost Ryan to violence. I thought this shouldn't be happening, and you know, all of us here from Chicago. No, it's whatever your release far too many kids too. It's getting worse and worse than a lot of ways. And so kind of just that one issue alone trying to keep kids in that state supportive environment. But there's also so much that you can do in that school environment. Besides mitigating the negative actor. So we have students who have challenges with violence in the neighborhood or who have had challenges with homelessness, but it's more than just kind of making it that supportive environment. There's so much you can do beyond that. So when you think about traditionally importing schools have been for the east coast kind wealthy families of privilege, and they send their kids away because there's at twenty four seven immersive environment. So you can just. See so much more with academic instruction. It actually answers a bunch of questions if a kid's a troubled home this possibility, but it can be from a great home. It just needs to be away from some trouble to have a focus. Yeah. Exactly. Why don't you suck friend her delighted to some joined by Brad Hopkins and Bree as a parent of two of our students. So I'm happy to have her. Hi, get rid of the microphone had that pulled up there. Thanks for coming over. Thank you for having me about your kids. I have fraternal twin boys. They are twelve years old. They're diverse learners. Gray students. Yeah. Good. God woman. Fraternal twelve year olds pray for me. About what is it about the academy, and the idea of a boarding school that attracts you as a parent being a single parent, I face challenges with childcare sometimes meal prep and things of that nature where it makes it difficult to function normally as far as working and things of that nature and making sure the kids are safe. That's the number one priority and Ryan banks provides that now you have the school opened. Now, the boarding school piece of this is hopefully open later this year or so responsible where we are on the goal we'd hoped he got there in the next year. So we actually have identified a couple of.

James James Ryan Ryan banks husky department Ryan banks academy Softbank cargo softball James I Japan Motorola Chicago Valerie Woolworth Indiana G. Wow principal Brad Hopkins Bree twelve year fourteen pounds
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:44 min | 3 years ago

"softbank" Discussed on Bloomberg Radio New York

"Does concern us and makes us very selective about the types of investments that we look going forward. What about the trade though, it does that impact animal spirits in the way that you invest or even just what you're hearing from early stage investments in terms of impacting the level of confidence that you're seeing potentially impacting given one of the main issues is intellectual property in this kind of battle tech supremacy. Does that potentially play negatively? I think it really depends on the sector as early stage investors, we have not really seen the impacts of the trade war yet for number of our companies, but we're certainly very conscious of syphilis, and the safest regulations that continue the Volve, and that's made. It's very thoughtful about how look at crossborder investments. Tom asked the Hello bike co-founder about SaaS Bank. How much the competition? Are you seeing from a mega fund like that? And is that impacting how you do business? This was a long standing relationship with SoftBank that goes back decades. We've know them very, well, we think that net net. It's a positive development for the ecosystem. We are not really that impacted we're very focused on seed suze series. B SoftBank really is at the later stages. But what we have seen our companies that typically would go public are now going to SoftBank SoftBank IPO and stay private much longer. Themes, the twenty nine th screwed is which we've already covered in cannabis is is is this is the year for it. I'd say that it was also last year in terms of how much hype we had what.

SoftBank Hello bike co-founder syphilis cannabis SaaS Bank Tom
"softbank" Discussed on Recode Decode

Recode Decode

02:59 min | 3 years ago

"softbank" Discussed on Recode Decode

"And I think those who went through that experience experience, and you can see it on Twitter things that like someone like Bill Gurley tweets on it just frames your perspective in a way that you guys. Not everything's always up into the right? And that you need to have control of the levers in your company and control of your destiny. So in the world does change you're not complying sided. But if you've never been through that kind of experience, I work with a lot of young entrepreneurs that are basically posted eight and they've been through ten years interrupted growth. And this doesn't make any sense to them. When you talk about. Well, the world can change in capitals, not always going to be free or very cheap this week. Yeah. This week is gonna shape potentially shake things up, and I can see a little bit of nervousness on some entrepreneurial friends of mines faces this week the ones that are in town, and they're asking questions for the first time the kind of questions that three years ago to five euros. They they were completely ignoring. And so I think the benefits of some experience are that you can see how the world shifts in that you can be prepared for it. But I think it toll SoftBank exp- the world of SoftBank goes through an evolution. I think it's going to be very hard to teach in quotes people that downsides of taking SoftBank capital which talk about other issues there in the next around the the the Saudis and everything else to deficiency. Can what is the skate of venture capital right now into as we're going into two thousand nineteen what would you how would you describe it right now? Interestingly enough, I think in the last month or two it's really cool down. I think you can see the certainly serious being later level. A fair amount of hesitation pulling the trigger on monster investments at the sea level levels. Not as obvious how much impact how much impact we've seen in the loss six to eight weeks. So so a little difficult because venture capitalists cannot go on vacation, you know, in December. And it was very busy because shockingly busy December by think that was the run on the Bank sort of experience. What do you mean everybody, I think felt a little bit on the ease? So every company that could and every founder that could and every VC that could was raising money ahead of the curve before two thousand nineteen started. So typically, December slows down for investors and for companies because they're sort of derivative from the venture capital schedule. I felt like December was the busiest of my venture career by far. And I think that's been are raising raising raising. And I think it was because people felt that the world could be changing and shifting and they're all trying to fuel up with money fast as possible. I so that they weren't caught last, you know, in these sort of last chair standing kind of problem. So we'll see what happens January when everybody comes back to work. Everybody's in the same place. But with the market turbulence is certainly going to exacerbate an amplify some of those feelings, so but whether it's a real correction or a temporary blip. I don't think anybody absolutely knows as Peter Thiel likes to say the only thing he really knows is we're ten years closer to the end of this bubble..

SoftBank Peter Thiel Bill Gurley Twitter founder ten years eight weeks three years