BBG: SoftBank to back AI startup Perplexity at $3bn valuation
BLOOMBERG reports: SoftBank Group Corp.’s Vision Fund 2 is investing in US artificial intelligence startup Perplexity AI at a $3 ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
SEEKING ALPHA reports:
SoftBank Group (OTCPK:SFTBY) founder Masayoshi Son regrets selling Nvidia (NASDAQ:NVDA) shares five years ago, before the chip giant rode the artificial intelligence wave to become one of the world’s most valuable companies.
Son, who has made some of the most successful tech investments in recent times, at SoftBank’s (OTCPK:SFTBY) annual shareholder meeting said it’s “frustrating to remember the ones I missed,” as quoted by the Wall Street Journal.
The company’s Vision Fund sold its entire 4.9% stake in Nvidia (NVDA) in early 2019, recording a return of $3.3B. “I had to tearfully sell the shares,” he said, as the venture capital fund felt it was time to cash out. “The fish that got away was big.”
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