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How SoftBank’s Arm Plans to Ride the AI Wave to Biggest IPO of 2023 What’s set to be the biggest initial public offering of 2023 comes from a company unknown to most consumers, though they use its products. Arm Ltd. designs key parts of the chips powering almost every smartphone on the planet. That’s given the Cambridge, UK-based company enormous strategic importance in the technology industry. The IPO, expected to value the company at as much as $54.5 billion, is drawing in some of its biggest customers as strategic investors including Apple Inc., Nvidia Corp.
Updated 11 minutes ago
Updated 13 minutes ago Asean Latest: Leaders Express Disappointment Over Biden’s Snub Chinese Premier Li Qiang highlighted his country’s strong ties with Southeast Asia during a meeting on Wednesday with the leaders of a region that’s challenged by an increasingly complicated geopolitical landscape.
Blockchain a Missed Opportunity for San Francisco: Ripple’s Larsen
Ripple Labs Co-Founder and Executive Chairman Chris Larsen says the federal government “pretty much killed San Francisco from being what it was, the blockchain capital of the world,” as he talks regulation of the crypto industry with Bloomberg Technology co-host Ed Ludlow. (Source: Bloomberg)
