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> Yoshimitsu Goto, the tech conglomerate’s chief financial officer, said on Thursday that the company would not miss opportunities to invest in new technology such as ChatGPT, but cautioned that it was not ready to accelerate its deal activity. Apparently Saudi Crown Prince Mohammed bin Salman didn't read the classic essay: "Goto considered harmful" before making massive investments in SoftBank.
...on around $100B of capital raised. i.e., -39%. Poof! So far. -- For those here who don't know, Masayoshi Son almost lost everything in the dotcom bust of 2000-2002. A single investment saved him from ruin back then: Alibaba. Was that luck or skill? In hindsight, it looks a lot like luck to me. Either way, he's clearly a bet-the-farm-and-actually-can-lose-the-farm kind of guy.
He's just a different type of businessman who likes making big risky bets.
Their massive early investment in Uber distorted their reality and they expected ride sharing to be incredibly successful in other markets when it's not even successful in the USA - it's a fraud that pays below minimum wage off the backs of people who cannot do math. It has never made money anywhere ... ARM has had a laziness problem ever since the Apple A1 chip - there's a reason why nobody uses their 6-yr old layou…
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Which location?
Not OP but it is often the case around London, UK. Half price isn't an exaggeration! Better cars usually too.
And just in case it’s not obvious: This question comes to mind as I would categorize SoftBank pretty firmly in the gambling niche - at least compared to a local plumber or Uber driver.
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ARMs behavior lately is pushing a lot of riscv investment, my prediction is that Apple will migrate away from ARM 10years from now to something they can self-control, like riscv with some Apple-only extensions
Apple has shifted its processor technology every 11 years for its desktop machines. But it has kept with ARM on iPhone for the last 15, so... Anyhow, it is hard to predict with accuracy that far out. That said, the first indications of a shift would be Apple adopting the RISC-V chip on the low end, things like the Apple Watch and Air Pods. Apple Watch has been using a 7N ARM chip since 2018 at nearly the same speed -…
I believe they are using RISC V internally, for some small things that are invisible to the end user. It would make sense, just to get a feel for it in case it matters down the road.
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He meant Uber. Uber is siphoning residual equity in people's vehicles into cash for Uber by underpaying for depreciation.
If we translate that from financial to real-world terms, it means that people aren't getting paid enough to cover wear and tear on their cars. I think that depends on how much you paid for the car and how long it will last (depends on quality, how good the maintenance is, and luck). Also, cash pays the rent and lower depreciation doesn't (unless you sell the car), so some people may prefer this to borrowing money.
I’ve driven a Prius for Uber and think so fared quite well using the irs mileage deduction rate to offset almost all my revenue and paid nearly no tax, legally and covered actual depreciation.
It’s funny to think 10 years of drivers are somehow idiots.
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They'll have Apple's (likely immense) license fees for at least a decade - Apple won't make another architecture change anytime soon. And the rest of ARM's business... it's not like there are any alternatives. China hasn't managed to create a competitor, and even if they do it may very well be sanctioned and so useless to the US and EU. Intel/AMD's x86 is a dead end for the high-efficiency, low power market that ARM…
> They'll have Apple's (likely immense) license fees for at least a decade [...] I thought Apple has a special magic license, as they were one of the founding members of ARM?...
At this point I assume their whole ARM portfolio has been designed from scratch and they are paying those license fees for patent licenses and bc they still use the ARM instruction set. Cheaper than switching.