Japanese billionaire Yusaku Maezawa on Wednesday launched a search for eight people to join him as the first private passenger on a trip around the moon with Elon Musk’s SpaceX. He had originally planned to invite artists for the weeklong voyage slated for 2023. Reuters reports: The rejigged project will “give more people from around the globe the chance to join…
Tag: SoftBank
Why Google’s Internet Balloon Project Loon Failed
Alphabet announced last month that it was winding down Loon, a nine-year-old project and a two-and-a-half-year-old spin off firm, after failing to find a sustainable business model and partners for one of its most prominent moonshot projects. Business Insider shares more details on why the project failed. From the report, which may be paywalled: CEO Alastair Wingarth told The New York…
SoftBank Expects Mass Production of Driverless Cars in Two Years
SoftBank Group Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. From a report: While in the first year the production of units won’t be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a virtual meeting…
SoftBank-Backed WhatsApp Rival Hike Goes Off the Air in India
Hike, the messaging app backed by SoftBank Group that aimed to compete against WhatsApp in the world’s second-most populous country, shut down and vanished from app stores Monday. From a report: The startup valued at $1.4 billion in a 2016 funding round announced its app was going off the air earlier this month without explanation. The app started by billionaire-family scion…
Cruise Begins Driverless Testing In San Francisco
Cruise Automation, the autonomous vehicle subsidiary of GM that also has backing from SoftBank Vision Fund, Honda and T. Rowe Price & Associates, has started testing what it describes as fully driverless vehicles on public roads in San Francisco, the first milestone required to secure a permit to launch a shared, commercial service that can charge for rides. TechCrunch reports: The…
Hyundai To Acquire Boston Dynamics For Nearly $1 Billion
According to The Robot Report, citing The Korea Economic Daily, Hyndai will finalize its acquisition of Boston Dynamics on December 10th. A source familiar with the deal said the acquisition is for about $1 billion. From the report: Robotics has become a bigger focus for Hyundai since Chung Euisun was named chairman in October. The company has since said robotics will…
Uber Sells Its Self-Driving Unit To Aurora
Uber’s self-driving unit, Advanced Technologies Group (ATG), is being acquired by its start-up competitor Aurora Innovation, the companies announced Monday. From a report: The deal, expected to close in the first quarter of 2021, values ATG at approximately $4 billion. The unit was valued at $7.25 billion in Apr. 2019 when Softbank, Denso and Toyota took a stake. Uber CEO Dara…
SoftBank CEO Says He Doesn’t Understand Bitcoin, and Watching the Price Fluctuate Was ‘Distracting My Focus On My Own Business’
An anonymous reader quotes a report from Business Insider: Softbank CEO Masayoshi Son said that he “doesn’t understand” bitcoin, and that he spent a good chunk of his time tracking its movement while invested in the cryptocurrency. Son, who made the remarks at The New York Times DealBook conference, said he was told by a friend to invest “1% of his…
Hyundai Reportedly In Talks To Buy Softbank-Owned Boston Dynamics
An anonymous reader quotes a report from TechCrunch: SoftBank Group Corp. is in talks to sell robot maker Boston Dynamics to Hyundai, people familiar with the matter said. Proposed terms of the deal would give the South Korean automaker control of the robotics company in a transaction valued at as much as $1 billion, said one of the people, all of…
ARM Co-Founder Starts ‘Save Arm’ Campaign To Keep Independence Amid $40 Billion Nvidia Deal
An anonymous reader quotes a report from TechCrunch: Arm Holdings, the U.K. semiconductor company, made history for the second time today, becoming the country’s biggest tech exit when Nvidia announced over the weekend that it would buy it from SoftBank for $40 billion in an all-stock deal. (Arm’s first appearance in the record books? When SoftBank announced in 2016 that it…