In 2016, SoftBank bought Arm for about $32 billion and sold 25% of the business to the Vision Fund for $8 billion in 2016. In August 2023, SoftBank acquired the 25% stake in Arm from the Vision Fund for around $16 billion, valuing Arm at over $64 billion. After the September 14, 2023, public offering, …
As of January 2024, Silicon Valley has over 40,000 startups. The San Francisco Bay Area, also known as Silicon Valley, has the largest concentration of high-tech companies in the United States. Delaware has about 60% of the incorporations for companies in the USA and the fees associated with this provide about 12% of their tax …
Figure AI, startup developing humanoid robots, is talking to Microsoft and OpenAI to raise $500 million in new funding at a valuation of over $2 billion. Figure AI just made a deal with BMW to put the humanoid robots into the car factory for pilot tests over the next 12-24 months. Figure AI has performed …
Billionaire David Sacks of the All in Podcast explains how CEO Sam Altman will won most of OpenAI. Sacks says that the funding for OpenAI has been a capped return model. Capped return means that investors get returns up to some multiple say 10X or 100X. When they get their return then there shares revert …
HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. As at 10 March 2023, SVB UK had loans of around £5.5bn and deposits of around £6.7bn. For the financial year ending 31 December 2022, SVB UK recorded a profit before …
All Silicon Valley bank deposits are guaranteed 100%. Any losses will be shared and taken from the entire US banking industry. The government is creating a fund at the discount window. A bank can give the Fed $X billion of bonds or mortgages. The fed gives them cash. This ensures that the bank does not …
Mega funding rounds in Asia led by the biggest ever fund raise of $5.5 billion by China-based Didi Chuxing propelled the overall venture capital funding to reach record levels in 2017. According to a recent report by Preqin, 2017 was a record year for venture capital-backed deals, with 11,144 deals announced for an aggregate deal …
There were 235 ICOs (Initial Coin Offerings) with a total value of $3.7 billion in 2017. Top Ten ICOs of 2017 Position Project Total Raised 1 Filecoin $257,000,000 2 Tezos $232,319,985 3 EOS Stage 1 $185,000,000 4 Paragon 183,157,275 5 Bancor $153,000,000 6 Kin Kik $97,041,936 7 Status $90,000,000 8 TenX $64,000,000 9 MobileGO $53,069,235 …