SoftBank’s chip shuffle stirs the AI pot

SoftBank's theatrical exit by selling its $5.8 billion stake in Nvidia mattered far less to the chipmaker than the chatter suggested, because the holding was tiny beside a $4.8 trillion colossus and barely shifted the dial.

Son's AI obsession unnerves investors despite record profits

SoftBank Group shares nosedived 10 per cent after it dumped its entire Nvidia stake for $5.8 billion, choosing to punt the lot on OpenAI instead.

Outfit still on a tightrope

Shares in Troubled Chipzilla surged after the struggling semiconductor outfit posted better than expected revenue, signalling tentative progress in its long and painful turnaround.

He made it home in one piece

Intel’s latest move to patch its leaky finances involves cosying up to Saudi Arabia, with chief executive Lip-Bu Tan holding talks with the Kingdom’s IT ministry over a potential tie-up in semiconductors and artificial intelligence.

A sign of the apoloclyse

The dark satanic rumour mill has manufactured a hell on earth yarn claiming Troubled Chipzilla is apparently in early talks with arch-rival AMD to rope it in as a foundry customer.

AI outfit now the priciest start-up on the planet

Chatgpt maker OpenAI has stitched up a deal that values the artificial intelligence outfit at $500 billion, putting it ahead of Elon Musk’s SpaceX as the most expensive start-up in the world.

Hopes Job’s Mob can bail it out of financial quagmire

Troubled Chipzilla is reportedly rattling the tin at the Fruity Cargo Cult Apple, hoping the iPhone maker might toss a few billion its way to keep the lights on at Intel Foundry Services.

Stratospheric base stations over remote island

SoftBank has managed to beam 5G to ordinary smartphones from the sky using a high-altitude aircraft circling Hachijō Island, Japan.

CFO insists government stake is “a great deal for taxpayers” while debt pile looms

Shares of Troubled Chipzilla crept up two per cent after Intel finance boss David Zinsner reassured the cocaine nose jobs of Wall Street that the firm’s long delayed Altera divestment was finally close.

Microsoft standoff stalls SoftBank billions

OpenAI’s attempts to restructure its business have hit the skids as it locks horns with the software King of the World, Microsoft, leaving billions in SoftBank cash hanging in the balance.