softbank
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OpenAI’s Sam Altman Says He Has ‘No Interest’ in Competing With Smartphones
After rumours began to swirl that Sam Altman’s OpenAI tapped Jony Ive on a secret piece of hardware, the company’s wunderkind CEO says he has no plans to compete with the smartphone market. Insider reports that Altman made these remarks at The Wall Street Journal’s Tech Live event this week—if that event sounds familiar it’s…
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WeWork Offices Could Close as the Company Struggles to Stay Afloat
WeWork, the company that offers flexible co-working spaces, said in a Securities and Exchange Commission (SEC) filing on Tuesday that it is at risk of bankruptcy. The business has struggled since the beginning of the COVID-19 pandemic, when offices shuttered their doors and moved to remote work, resulting in WeWork losing billions of dollars. “Our…
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The ‘Military Metaverse’ Calls It Quits
The UK-based tech company ironically called “Improbable” officially decided to shutter the company working on its strange, opaque “military metaverse.” It’s another blow to the folks who once talked up the promise of shared virtual worlds technology, especially because somebody thought a solid use case for a metaverse was supporting the military industrial complex.
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WeWork Is Closing 40 Offices in a Bid to Actually Make Money
WeWork, the real estate startup that once fooled backers into believing it was a $US47 billion (about $65 billion in Aussie terms) tech venture, is downsizing. The co-working company plans to close 40 “underperforming locations,” according to its third quarter earnings report, published Thursday.