SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say
The cuts mark the third round of layoffs at the Japanese investment conglomerate’s flagship fund since 2022 SoftBank Group will ...
Tag: source
Ticket reseller StubHub’s IPO 20 times oversubscribed, source says
Ticket reseller StubHub, which delayed its US listing in April amid market volatility, has drawn over 20 times as many ...
Paramount Skydance prepares bid for Warner Bros Discovery, source says
PARAMOUNT Skydance is preparing a bid to buy Warner Bros Discovery, a source familiar with the matter told Reuters on Thursday, ...
Visa closes US open-banking unit as data fight heats up: source
Open banking has gained traction in Europe, where regulators required banks to share data with licensed third parties, but the ...
Blackstone drops out of consortium bid for TikTok US: source
PRIVATE equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s US operations, a source familiar with ...
Wells Fargo suspends China travel after employee exit ban: source
Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source familiar ...
Kraft Heinz explores grocery business spinoff worth up to US$20 billion: source
Kraft Heinz is studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into ...
OpenAI turns to Google’s AI chips to power its products: source
Published Sun, Jun 29, 2025 · 08:00 AM OpenAI recently began renting Google’s artificial intelligence (AI) chips to power ChatGPT ...
US considers more Chinese companies for ‘entity list’, source says
Published Fri, May 16, 2025 · 08:05 AM The US Commerce Department is considering placing more Chinese companies, including ChangXin ...
Frasers Property sees several senior management changes amid broader industry challenges in the UK: source
Several of Frasers Property’s senior management team will be leaving the company, including group chief operating officer (COO) Anthony Boyd ...
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