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Valence, the site dedicated to increasing economic opportunity for the Black community, raises $5.25 million

Valence, the Los Angeles-based online community dedicated to increasing economic opportunity for the Black community, has raised $5.25 million in financing as it looks to continue to expand its network for Black professionals in all fields. The timing for the investment is critical as the country reckons with the implications and effects of systemic racism. In no field is the under-representation of Black professionals more deeply felt than the tech industry, where lack of diversity can have pro...
Tags: Startups, TC, Softbank, Los Angeles, Tech, Diversity, Silicon Valley, Upfront Ventures, Greylock, Ggv Capital, Valence, Primus, Maveron, Hans Tung, Kobie Fuller, Techcrunch Include


Softbank’s Vision Fund recovery reveals tech’s resilience

The venture capital investment arm of the Japanese multinational behind Compass and Opendoor posted a profit for the first time in a year during the first quarter of fiscal year 2020.
Tags: Uber, Technology, Softbank, Radio, WeWork, Compass, Masayoshi Son, Markets & Economy, Select, Opendoor, Vision Fund


SoftBank returns to profit after 3 quarters of brutal losses — but says revealing actual operating profit 'not useful for investors'

SoftBank on Tuesday reported a $12 billion quarterly profit.  The results buck a trend of heavy losses at the prolific Japanese tech conglomerate, which declined to disclose a key financial metric. CEO Masayoshi Son told investors the company was now in "defense mode" and hoarding cash.  As typical of his often eclectic presentations, this quarter's featured Samurai warriors.  Visit Business Insider's homepage for more stories. After three quarters of heavy losses due to bets on money-losing ...
Tags: Japan, Softbank, Trends, Sprint, Alibaba, Son, Masayoshi Son, WeWork Japan


Defense pays off for SoftBank's Masa Son

Investors have piled into tech stocks during the coronavirus pandemic, sending shares in companies such as Facebook, Amazon, Google and Apple into the stratosphere as demand for their services increased.
Tags: Apple, Softbank, Cnn, Facebook Amazon Google


SoftBank Claws Back Into the Black After Historic Losses

Asset sales and a hot stock market have helped fuel a rebound for the beleaguered Japanese conglomerate, which runs the world’s largest tech fund.
Tags: Japan, News, Softbank, Son, Stocks and Bonds, SOFTBANK Corporation, Masayoshi, Coronavirus (2019-nCoV


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning. An internal Facebook audit reportedly shows QAnon groups have millions of members, but some employees who ran the investigation fear the company won't take any action. The employees also expressed concern that QAnon's presence on the popular social network might influence the upcoming 2020 presidential election. A California judge ruled that Uber and Lyft have to class...
Tags: Amazon, Facebook, Lyft, Europe, Elon Musk, London, Pinterest, Microsoft, Congress, California, Softbank, Trends, Linkedin, Tesla, Bloomberg, Paris


Neighbor, an Andreessen Horowitz-backed startup that wants to be the Airbnb of self-storage, has started partnering with landlords to turn empty offices into spaces for people's stuff

The Airbnb of self-storage, Neighbor, has seen a surge in demand as a result of the pandemic, according to CEO and cofounder Joseph Woodbury.  The company announced a partnership Tuesday with landlord and operator Bridgeton Holdings to fill vacant office space with self-storage in San Francisco and eventually across the country.  This comes as the office market has taken a big hit from the coronavirus pandemic. Visit Business Insider's homepage for more stories. The coronavirus has accelerate...
Tags: Amazon, New York, Softbank, US, San Francisco, Trends, Silicon Valley, Andreessen Horowitz, Bond, Business Insider, Rockefeller, RXR Realty, Bridgeton, Woodbury, Bridgeton Holdings, Joseph Woodbury


Beware bankers talking TikTok

The next few weeks is going to be a critical time for ByteDance-owned TikTok. The company is weeks away from a ban signed by President Trump, and while the company is expected to sue the U.S. federal government this week to block it, clearly the company’s future has at least storm clouds on the horizon. Trump signs orders banning US business with TikTok owner ByteDance and Tencent’s WeChat That has led to massive speculation about who might purchase TikTok and save it from its precarious s...
Tags: Apple, Google, Social, Facebook, Apps, Twitter, Japan, Microsoft, Government, Softbank, Satya Nadella, US, Tech, Policy, Tencent, Trump


Should the U.K. Government Form a Coalition to Buy ARM?

With SoftBank's Masayoshi Son trying to sell ARM, a columnist for the Observer newspaper has a suggestion for the U.K. government (and specifically Brexit Tories), calling the Cambridge-based company "a kind of public-interest commercial company: licensing state-of-the art instruction sets that can be implemented in silicon architecture by everyone. It was in nobody's pocket." Its business, as its chief founder, Tudor Brown, acknowledges, relied on it never betraying its neutrality... A future ...
Tags: Google, China, Softbank, Tech, Intel, Canada, Britain, Cambridge, Nvidia, Silicon Valley, Johnson, Huawei, Brexit, Cummings, Masayoshi Son, Observer


Tencent and its hyper-popular messaging app WeChat have become Trump's latest target. Here's how the company became a $69 billion behemoth that has a stake in everything from 'Fortnite' to Hollywood blockbusters. (TCEHY)

An executive order issued Thursday night by President Donald Trump bars US companies and individuals from making any transaction with WeChat, a social media app owned by Chinese giant Tencent.  Tencent isn't a household name in the US, but it's one of the most valuable companies in the world and has a stake in everything from blockbuster films to gaming.  In fact, Tencent is the biggest video game company in the world. It owns US game studio Riot Game and has a substantial stake in Epic Games,...
Tags: Facebook, Asia, Hollywood, China, Softbank, US, Los Angeles, Trends, Bloomberg, Ben Thompson, Facebook Messenger, Tencent, WeChat, Nba, Berkshire Hathaway, National Basketball Association


Trump signs orders banning US business with TikTok owner ByteDance and Tencent’s WeChat

President Donald Trump signed an executive order on Thursday banning transactions with ByteDance, the parent company of popular app TikTok . The White House also announced that he signed a similar order banning transactions with Tencent-owned WeChat, a messaging app that is ubiquitous in China, but has a much smaller presence than TikTok in the United States, where it is used mainly by members of the Chinese diaspora. Both orders will take effect in 45 days, but (and this is a key point) th...
Tags: TC, Apps, Asia, Microsoft, White House, China, Softbank, US, Tech, Policy, Beijing, United States, Commerce, Tencent, WeChat, Chinese communist party


Trump signs orders banning US business with TikTok and WeChat parent Tencent

President Donald Trump signed an executive order on Thursday banning transactions with ByteDance, the parent company of popular app TikTok . The White House also announced that he signed a similar order banning transactions with Tencent-owned WeChat, a messaging app that is ubiquitous in China, but has a much smaller presence than TikTok in the United States, where it is used mainly by members of the Chinese diaspora. Both orders will take effect in 45 days. INBOX: @realDonaldTrump has sig...
Tags: TC, Apps, Asia, Microsoft, White House, China, Softbank, US, Tech, Policy, Beijing, United States, Commerce, Tencent, WeChat, Chinese communist party


ThinkComputers Podcast #233

This week on the Podcast we talk about our reviews of the Viotek GFT27CXB 27-inch 240 Hz Gaming Monitor, Sabrent Rocket Q NVMe Solid State Drive, and AIAIAI TMA-2 HD Wireless Headphones. We also discuss the possible launch date of the RTX 3080 Ti, who is in the race to buy ARM, a really cool AiO motherboard and much more! The post ThinkComputers Podcast #233 appeared first on ThinkComputers.org.
Tags: Podcast, Softbank, Intel, Tech News, Nvidia, Monitor, ARM, ThinkComputers, ThinkComputers Podcast, TMA, RTX 3070, RTX 3080, RTX 3080 Ti, Z490 AORUS Master WaterForce, 240 Hz, AIAIAI TMA-2 HD Wireless


The CEO of this $4.3 billion AI-backed analytics firm explains why voice and video is now key to efforts at top businesses like Macy's, Sephora, and Marriott to build 'digital twins' of customers and employees

The coronavirus decimated the retail industry's ability to gather data on their customers, including their purchasing habits. Not having that kind of data can hamper a retailer's ability to plan out inventory or marketing campaigns.  But as more consumers pivot to digital channels amid the outbreak, video and audio may become the richest stream of information available to help companies better gain insight into their customers.  AI-backed analytics firm Medallia is poised to capitalize on that...
Tags: Softbank, Trends, Walmart, Marriott, Voice, Sephora, Medallia, Kroger, Macy, Brain Corp, Voci Technologies, Macy s Sephora, Leslie Stretch, Medallia CEO Leslie Stretch Digital, LivingLens


Arm's conflicts in China will complicate Nvidia's reported efforts to buy it from SoftBank

Arm and Arm China are reportedly engaged in a tense corporate governance conflict. And Arm losing control of its joint venture will complicate Nvidia's reported efforts to buy Arm from SoftBank. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Connectivity & Tech industry with the Connectivity & Tech Briefing. You can learn more about subscribing here. UK-based chip designer Arm appears to no longer be in control of its joint-venture business unit, Arm China....
Tags: UK, China, Softbank, US, Trends, Bloomberg, Beijing, Nvidia, Amd, Huawei, TSMC, Wu, SMIC, Taiwan Semiconductor Manufacturing Company TSMC, Allen Wu, Intel Advanced Micro Devices AMD


Serialized fiction startup Radish raises $63.2M from SoftBank and Kakao

Radish is announcing that it has raised $63.2 million in new funding. Breaking up book-length stories into smaller chapters that are released over days or weeks is an idea that was popularized in the 19th century, and startups have been trying to revive it for at least the past decade. Still, this round represents a major step up in funding, not just for Radish (which only raised around $5 million previously), but also compared to other startups in a relatively nascent market. (Digital fiction s...
Tags: Travel, Fundings & Exits, Startups, Mobile, Apps, Japan, Media, Softbank, Funding, Digital, Netflix, United States, Kim, Kakao, Wattpad, Radish


A top exec at Softbank-backed robotics startup Brain Corp says the pandemic has made customers 'less afraid of the impact of robots' as they help workers clean and restock shelves at stores like Walmart and Kroger

Millions of jobs were lost over the last few months as the coronavirus decimated the US economy.  That's prompting concerns among labor advocates, workers, and others that firms could seek to replace some of those roles with automated tools like robots.  But an exec at SoftBank-backed robotics startup Brain Corp. paints a different vision of the future where robots work alongside human employees instead of replacing them.  Usage of Brain Corp's  cleaning robots in stores like Walmart grew 24% ...
Tags: Softbank, US, Trends, Walmart, Kroger, Duffy, Simon Property Group, Boston Scientific, Walmart Kroger, Brain Corp, Phil Duffy, Business Insider Brain Corp, Overall Brain Corp


A top exec at Softbank-backed robotics startup Brain Corp says says the pandemic has made customers 'less afraid of the impact of robots' as they help workers clean and restock shelves at stores like Walmart and Kroger

Millions of jobs were lost over the last few months as the coronavirus decimated the US economy.  That's prompting concerns among labor advocates, workers, and others that firms could seek to replace some of those roles with automated tools like robots.  But an exec at SoftBank-backed robotics startup Brain Corp. paints a different vision of the future where robots work alongside human employees instead of replacing them.  Usage of Brain Corp's  cleaning robots in stores like Walmart grew 24% ...
Tags: Softbank, US, Trends, Walmart, Kroger, Duffy, Simon Property Group, Boston Scientific, Walmart Kroger, Brain Corp, Phil Duffy, Business Insider Brain Corp, Overall Brain Corp


This startup scored $10 million to build homes like Apple builds phones. Here's how it won over a Founder's Fund VC and one of the country's top home construction companies

When Alexis Rivas and Jamuel Joseph launched Cover, they recruited top engineering talent and created a "Henry Ford assembly line for homes" by manufacturing their own components, such as wall panels. Delian Asparouhov, a principal at Founders Fund, was initially captivated by the idea, but needed some convincing first before deciding whether his firm should invest.  After visiting the LA-based homes and speaking with experts in the home-construction world, the VC said he was convinced Cover w...
Tags: Apple, Spacex, North Korea, La, Softbank, US, Trends, Ford, Peter Thiel, Silicon Valley, Airbnb, Henry Ford, Peter, Lennar, Rivas, Katerra


This chart shows how a Microsoft acquisition of TikTok for $50 billion would stack up against tech's largest deals ever (MSFT)

Microsoft is in talks to purchase TikTok, the massively popular video app that's owned and operated by the Chinese company ByteDance. The purchase talks come amid threats from President Donald Trump to ban the app in the United States. Trump says the app funnels user information to the Chinese government, and must be operated by an American company to ensure the safety of user information. The cost to purchase TikTok could be as high as $50 billion, according to a recent valuation reported by...
Tags: Apple, Google, Amazon, Motorola, Facebook, Adobe, Microsoft, Softbank, Nokia, Satya Nadella, US, Trends, Linkedin, Cisco, Walmart, Intel


After Shopify’s huge quarter, BigCommerce raises its IPO price range

When BigCommerce, the Texas-based Shopify competitor, first announced an IPO price range, the numbers looked a little light. With a range of just $18 to $20 per share, it appeared that the firm was targeting a valuation of around $1.18 billion to $1.31 billion. Given that BigCommerce had revenue of “between $35.5 million and $35.8 million” in Q2 2020, up a little over 30% from the year-ago period (and better margins than Shopify) its implied revenue multiple that its IPO price range indicated...
Tags: Fundings & Exits, Startups, TC, Texas, Softbank, Tech, Bigcommerce, Shopify, Ggv Capital


NVIDIA is in “advanced talks” to acquire Arm from SoftBank

NVIDIA is in “advanced talks” to acquire the company behind the ARM chip architecture, British chipmaker Arm from SoftBank The post NVIDIA is in “advanced talks” to acquire Arm from SoftBank appeared first on ThinkComputers.org.
Tags: Softbank, All News, Hardware News, Nvidia, ARM, Tegra


Ghost kitchens are pitching themselves as the future of restaurants. These are the 14 companies in the space that you need to know.

With the pandemic increasing the amount of food delivery and hurting restaurants' bottom lines, buzzy ghost kitchens see an opportunity to grow.  The category had already attracted a lot of interest, notably from Uber co-founder and former-CEO Travis Kalanick, who launched CloudKitchens in 2016.  We compiled 14 of the biggest players in the ghost kitchen world to show the international scope of the budding space. Visit Business Insider's homepage for more stories. The pandemic has closed thou...
Tags: Europe, UK, New York, London, Saudi Arabia, China, Berlin, India, Softbank, New York City, US, Los Angeles, Trends, Atlanta, Spain, Austin


Ghost kitchens are pitching themselves as the future of restaurants. These are the 14 companies — and the money backing them — that you need to know.

With the pandemic increasing the amount of food delivery and hurting restaurants' bottom lines, buzzy ghost kitchens see an opportunity to grow.  The category had already attracted a lot of interest, notably from Uber co-founder and former-CEO Travis Kalanick, who launched CloudKitchens in 2016.  We compiled 14 of the biggest players in the ghost kitchen world to show the international scope of the budding space. Visit Business Insider's homepage for more stories. The pandemic has closed thou...
Tags: Europe, UK, New York, London, Saudi Arabia, China, Berlin, India, Softbank, New York City, US, Los Angeles, Trends, Atlanta, Spain, Austin


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. Sign up here to get this email in your inbox every morning. Microsoft is in talks to buy TikTok from its parent company ByteDance, which are set to conclude by September 15. Microsoft announced Sunday talks were resuming after Trump threatened to ban the app in the US, and CEO Satya Nadella said he had personally spoken with Trump. Microsoft isn't the only company bidding on TikTok, Bloomberg reports. An anonymous source said Ti...
Tags: Facebook, Japan, Spacex, Microsoft, Stanford, China, Softbank, Satya Nadella, US, Barack Obama, Trends, Bloomberg, Nasa, Earth, Bbc, New York Times


Arm China Goes Rogue, Ex-CEO Accused of Blocking the Business

An anonymous reader quotes Bloomberg: Arm Ltd., the chip designer owned by SoftBank Group Corp., accused the ousted head of its China joint venture of hurting its business there, escalating a dispute that's becoming a test of Beijing's willingness to protect foreign investment in the world's second-largest economy. The U.K. chip giant in June announced it was firing Allen Wu, the head of its Chinese unit, over undisclosed breaches of conduct, but the executive has refused to step down and rema...
Tags: China, Softbank, Tech, Bloomberg, Beijing, SoftBank Group Corp, Wu, ARM Ltd, Allen Wu


Money is pouring into ghost kitchens, which some are calling the future of restaurants. These 14 companies stand to gain the most from this hot food concept.

With the pandemic increasing the amount of food delivery and hurting restaurants' bottom lines, buzzy ghost kitchens see an opportunity to grow.  The category had already attracted a lot of interest, notably from Uber co-founder and former-CEO Travis Kalanick, who launched CloudKitchens in 2016.  We compiled 14 of the biggest players in the ghost kitchen world to show the international scope of the budding space. Visit Business Insider's homepage for more stories. The pandemic has closed thou...
Tags: Europe, UK, New York, London, Saudi Arabia, China, Berlin, India, Softbank, New York City, US, Los Angeles, Trends, Atlanta, Spain, Austin


Buying Arm would give Nvidia firepower against rivals, but a merger would face intense 'regulatory and customer backlash,' analysts say (NVDA)

There's more speculation that Nvidia would buy Arm, with the Financial Times reporting on Friday that the chip giant plans to offer more than $32 billion for the chip design company. Such an acquisition would definitely expand Nvidia's reach in the semiconductor market, giving it more firepower against rivals Intel and AMD, veteran industry analysts told Business Insider. But such a deal would also face intense regulatory scrutiny, they said, and could hurt Arm's relationship with existing cus...
Tags: Google, Softbank, Trends, Intel, House Of Representatives, Nvidia, Amd, Financial Times, Idc, Business Insider, Bernstein, Apple Amazon Facebook, NVDA, The Financial Times, Nathan Brookwood, Ben Bajarin


Nvidia in 'Advanced Talks' to Acquire Arm

Nvidia is in advanced talks to acquire SoftBank Group's Arm Holdings, according to Bloomberg. A potential sale of Arm to Nvidia, the world's largest graphics chipmaker, was rumored earlier this month. Nvidia's market value has increased to almost $260 billion in recent months, surpassing that of Intel. Arm has also become considerably more valuable as it pushes its architecture into smart cars, data centers, and networking technology. The purchase of Arm would help to transform Nvidia into a ...
Tags: Apple, Softbank, Bloomberg, Nvidia, ARM Holdings, ARM, Bloomberg Apple, SoftBank Group, Intel ARM, Nvidia SoftBank, Apple Silicon Arm, Qualcomm Advanced Micro Devices, Intel Companies


Nvidia in Advanced Talks To Buy Chip Giant Arm

Nvidia is in advanced talks to acquire Arm, the chip designer that SoftBank Group bought for $32 billion four years ago, Bloomberg reported Friday, citing sources familiar with the matter. From the report: The two parties aim to reach a deal in the next few weeks, the people said, asking not to be identified because the information is private. Nvidia is the only suitor in concrete discussions with SoftBank, according to the people. A deal for Arm could be the largest ever in the semiconductor in...
Tags: Apple, Softbank, Tech, Bloomberg, Nvidia, Qualcomm, Financial Times, Apple Inc, Masayoshi Son, SoftBank Group, Cambridge England, Neil Campling, Mirabaud, Apple Broadcom