44 min listen
Softbank’s Arm Reports Declining Revenue, Narrowing Profits 8/22/23
FromTechCheck
ratings:
Length:
7 minutes
Released:
Aug 22, 2023
Format:
Podcast episode
Description
Softbank-owned Arm reported declining revenues and narrowing profits in its IPO filing last night, bringing into question whether Softbank founder and CEO Masayoshi Son will be able to pull off what’s expected to be the biggest U.S. debut this year. Son has said he wants Softbank to lead the AI revolution, with Arm as its biggest driver. But just how central is the chip designer to the revolution anyway? Its own filing said that its processors may not be suitable for AI purposes, and its biggest market, smartphones, is in decline.
Released:
Aug 22, 2023
Format:
Podcast episode
Titles in the series (100)
Recapping Apple’s Product Launch Event, President Biden’s Executive Order on Crypto & Space Force Chief of Space Operations John Raymond on the Russia-Ukraine Conflict: Our anchors start today’s show with CNBC’s Dom Chu breaking down the last volatile few days in tech trading, and Daring Fireball blogger John Gruber joins to recap Apple’s recent product launch event. Next, Wall Street Journal reporter Dave Michaels discusses his latest article on a federal probe into trades by entertainment moguls Barry Diller and David Geffen surrounding Microsoft’s acquisition of video game publisher Activision. Then, Sequoia Capital Partner Shaun Maguire talks crypto after President Biden signed an executive order addressing the regulation of digital assets, and CNBC’s Morgan Brennan interviews Space Force Chief of Space Operations Gen. John Raymond for his insight on the Russia-Ukraine conflict. Later, former VMware COO Sanjay Poonen weighs in on the performance of several cloud and software names, by TechCheck