Softbank

Japanese multinational investment firm SoftBank Corp has partnered with American multinational technology company NVIDIA on a pioneering platform for generative artificial intelligence (AI) and 5G/6G applications that is based on the NVIDIA GH200 Grace Hopper™ Superchip and which SoftBank plans to roll out at new, distributed AI data centers across Japan.

Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million for its latest financial year ending March 2023 (FY2023).

The preparations for the IPO are expected to be kick-started in the US in the coming days and the valuation range has not yet been finalized.

Ant Group and SoftBank have discussed selling shares in the company through a secondary stock deal, according to the report.

Besides Japan, Carro is also eyeing several markets including Australia, Philippines, Vietnam markets, Narushima said.

Softbank would likely use its own cash for what would be the third SoftBank Vision Fund if it moves ahead with the plan, the people reportedly said.

NVIDIA and SoftBank Group Corp announced Tuesday the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited from Softbank. Both parties have agreed to terminate the agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will…

Altimeter Growth Corp announced that its shareholders approved the business combination with Grab at an extraordinary meeting of shareholders on Tuesday.

The hotel aggregator's IPO plan also comes at a time when travel restrictions are being eased in many countries and the tourism sector is expected to rebound.

The company has also received interest from leagues and fans across the globe to replicate Sorare model in other sports and it plans to roll out new sports in 2022.