Re:$64B Gamble: SoftBank Arm Plan to Launch AI Chip in 2025
by hiddencost on Saturday May 11, 2024 @09:21PM
(#40331740)
Bruh, SoftBank was not a democratizing force. It was a Saudi funded effort to take over the commercial real estate industry in the United States.
[ Parent
| on HN ]
Re:$64B Gamble: SoftBank Arm Plan to Launch AI Chip in 2025
by chefkd on Saturday May 11, 2024 @09:44PM
(#40331823)
i love tidbits like this could you say more? why can't they just buy the real estate out right why go through a startup isn't that more risky? isn't wework just airbnb but for offices
Wikipedia says $100 billion was raised with PIF contributing $45 billion, SoftBank contributing $28 billion, the Mubadala Investment Company contributing $15 billion and the rest from other investors including Apple. The estimated total dollar value of commercial real estate was $20.7 trillion isn't 45 billion a drop in the bucket compared to that