OpenAI rejects Musk's takeover offer, says it was ‘not a bid at all'
OpenAI sent a short letter to Elon Musk's lawyer on Friday, rejecting the billionaire's acquisition offer. The "much-publicized 'bid' is in fact not a bid at all," William Savitt, the attorney for ...
Arm reportedly secures Meta as client for its first SoC
Arm could soon launch its first in-house SoC and has reportedly secured Meta as its first major client. More details here.
SoftBank reports new stakes in PacBio, Recursion Pharmaceuticals
SoftBank disclosed a 20.45M share position in PacBio (PACB) and 14.67M share position in Recursion Pharmaceuticals (RXRX) in a regulatory ...
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Eneos seeks up to $3 billion in biggest Japan IPO since 2018
JX Advanced Metals (JXAM), a wholly owned metals unit of Japan's Eneos Holdings, won approval to list its shares in a $3 ...
Arm is reportedly developing its own in-house chip
Chip designer Arm plans to unveil its own processor this year with Meta as the launch customer, The Financial Times reported. The chip would be a CPU designed for servers in data centers and would ...
Arm takes manufacturing into its own hands as it plans to sell chips
The chip designer, Arm, is reportedly competing with its own clients, which include major companies such as Qualcomm, to sell ...
Cleary Gottlieb M&A Veteran Takes Team of 3 to Korea’s Legal Leader Kim & Chang
Big Six Korean law firm Kim & Chang, with gross revenues of approximately $1 billion, has lured veteran mergers and ...