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As a dietary supplement, melatonin is not approved by the US Food and Drug Administration for safety, effectiveness or labeling before it is sold to the public. The council’s action follows recent reports of a massive rise in accidental ingestions of melatonin by children and an April 2023 study that found 25 products labeled as melatonin gummies contained dangerous levels of the hormone. Melatonin gummies were involved in nearly 5,000 of those cases. While the vast majority of unsupervised melatonin ingestions did not result in hospitalization, the number of accidental ingestions by children 5 and under may be underestimated, the report said. New and improved labelsThe council guidelines call for new labels that warn consumers about the danger of drowsiness after taking a melatonin supplement.
Persons: , , Pieter Cohen, ” Cohen, it’s “, Cohen, Catherine McQueen, ” Dr, Cora Collette Breuner, “ It’s, Breuner, Amanda Musa Organizations: CNN, Council for Responsible Nutrition, US Food and Drug Administration, Cambridge Health Alliance, US Centers for Disease Control, Prevention, CDC, Food and Drug Administration, Getty, Seattle Children’s Hospital, University of Washington Locations: Somerville , Massachusetts, Seattle
Chew, meanwhile, clapped back, “American social companies don’t have a good track record with data privacy and user security. But if lawmakers were serious about protecting the digital data of millions of American social media users, targeting TikTok alone is a limited way to achieve this goal. Separately, US intelligence authorities have said that Russian operatives were able to exploit US-based social media platforms including Facebook and Twitter as part of an election meddling campaign in the lead-up to the 2016 US presidential vote. Sherman said he thinks some lawmakers are raising important national security concerns regarding TikTok. Ultimately, Jameel Jaffer, the executive director of the Knight First Amendment Institute at Columbia University, called the bill a “missed opportunity” for Congress to take real action regarding their concerns about US user data.
But a Canadian research group said the planet is likely too hot for liquid water. Related storiesA liquid ocean is the preferred premise set out in a paper published in the journal Astronomy & Astrophysics. NASA, ESA, CSA, STScI, Tea Temim (Princeton University)The James Webb telescope has played a key role in advancing the search for habitable planets beyond Earth. AdvertisementOne key that scientists look for in a potentially habitable planet is the presence of liquid water. Planets in this zone are neither too hot nor too cold to support liquid water.
Persons: NASA's James Webb, , Nikku, Madhusudhan, Björn Benneke, Temim, James Webb Organizations: Guardian, Service, University of Cambridge, NASA, Astrophysics, Cambridge, NASA's James Webb Space Telescope, ESA, CSA, Princeton University Locations: TOI
If that sounds familiar, you might have eldest daughter syndrome. Eldest daughter syndrome isn't a diagnosable condition, but rather the behaviors, thought patterns, and priorities that can arise from being what's known as "parentified" as a child. People experiencing eldest daughter syndrome disproportionately tend to be women from low-income families and families from the global majority who might have more culturally-imposed expectations of daughters, she said. Capleton shared the signs you could be experiencing eldest daughter syndrome, whether you're the firstborn daughter or not. Feeling the need to take responsibility for everyone elseOne of the biggest signs of eldest daughter syndrome is taking on a lot of responsibility from a young age.
Persons: Paris, Yang Hu, Capleton, what's, Organizations: Service, Cambridgeshire, Foundation Trust, Business, Lancaster University Locations: Peterborough
The proposed bill would force ByteDance to sell TikTok or face a nationwide ban. AdvertisementTikTokers have enthusiastically answered the app's call to bombard members of Congress with calls and messages in an effort to prevent the platform from being banned in the US. AdvertisementA TikTok spokesperson told Business Insider the legislation has a "predetermined outcome," which is a total ban of TikTok in the US. The state of Montana, for instance, banned TikTok entirely in 2023. An increasing number of states have also made the decision to ban TikTok on government-issued devices.
Persons: ByteDance, , TikTokers, Mike Gallagher, Raja Krishnamoorthi, Trump, TikTok, Jamaal Bowman, Ben Stanley, Mary Miller, Shira, Meta Organizations: Service, Republican Rep, Democratic Rep, Energy, Commerce, New, YouTube, Centre for Digital Citizens, Northumbria University, Facebook, Universal Music Group Locations: Wisconsin, Illinois, Montana, Austin, China, Cambridge, Brexit
Trump spoke out against a bipartisan bill that would ban TikTok. The former president said "Facebook and Zuckerschmuck will double their business" without the app. While in office, Trump pushed TikTok to find a US buyer or face a ban. "If you get rid of TikTok, Facebook and Zuckerschmuck will double their business," Trump posted on his social platform Truth Social. Trump funded his own social platform in the meantime after being barred from both of Meta's platforms along with Twitter.
Persons: Trump, Zuckerschmuck, TikTok, , Donald Trump, Zuckerberg Trump, Zuckerberg, Z's, Biden, Musk, Elon Musk Organizations: Facebook, Service, White House, Air Force, Trump, Meta, Twitter, Republican, TikTok, SpaceX, Cambridge, Tesla Facebook Locations: TikTok, United States, Palm Beach , Florida
Cory Doctorow has a theory for why tech platforms are getting worse. After locking users in, Doctorow believes tech platforms deliberately worsen the user experience. AdvertisementCory Doctorow has a theory for why tech platforms seem to have been sapped of all their joy: he calls it the great "enshittification." The 52-year-old Canadian-British author coined the term as a means of describing the growing sense that platforms operated by Big Tech companies are decaying beyond recognition. AdvertisementApple App Store.
Persons: Cory Doctorow, Doctorow, , beholden, Uber, Apple, Zuckerberg's, Zuckerberg, there's Organizations: Service, Big Tech, Facebook, Twitter, Netflix, NurPhoto, Getty, Companies, Apple, EU's, European Commission, Meta, Cambridge, Capitol Locations: British
"We're the first company to launch off the back of what is a Tsetlin machine," Hurley told Business Insider. "We are looking at processes which are 10,000 times more efficient than neural networks when we add hardware acceleration," he said. Literal Labs' technology is developed from Yakovlev and Shafik's patents. While this process requires less energy than neural networks, the wider market has yet to catch up with alternatives. And everyone is just so sucked into neural networks that nobody has been thinking about some of the other techniques."
Persons: Noel Hurley, Hurley, Mignon, it's, Alex Yakovlev, Rishad Organizations: Cambridge, Labs, Newcastle University, Business, Yakovlev, Literal Labs
CNN —For the first time since his death in 1882, Charles Darwin’s impressive library has been virtually reassembled to reveal the multitude of books, pamphlets and journals cited and read by the influential naturalist. The catalog includes 9,300 links to copies of the library contents that are available for free online, inviting the public to peruse what Darwin read. After receiving letters from researchers and the public asking about specific titles from Darwin’s library, van Wyhe and his colleagues began their project to recreate it virtually in 2007. “He was a very highly educated person who learned ancient Greek and Latin in school as well as French,” van Wyhe said. “Instead of basing one’s understanding on the authors Darwin read that are mentioned in biographies, etc., anyone can now scroll through his whole library.
Persons: Charles Darwin’s, Darwin, , , Dr, John van Wyhe, of Charles Darwin ”, Darwin’s, van Wyhe, ” van Wyhe, Charles Darwin, Walter William Ouless, John James Audubon, Paul Du Chaillu, John Stuart Mill, Auguste Comte, Elizabeth Gaskell’s “ Organizations: CNN, Darwin, National University of Singapore, of, University of Cambridge, Down, , Cambridge University Library, Christ’s College Cambridge, HMS Locations: Darwin, Piecing, Downe , England, Down, Rischgitz, South America, Equatorial Africa, Africa, Swedish, Spanish
The academic launched the project after the Meta boss discussed privacy issues in interviews. AdvertisementA lot has changed for Mark Zuckerberg since the drunken night at Harvard in 2003 when he decided to release Facemash. Mark Zuckerberg is CEO of Facebook owner Meta. "The Zuckerberg Files came out of a project where I was thinking about how Zuckerberg talks about privacy," Zimmer explained in the documentary. Zimmer thinks the exhaustive project has been "really insightful" in helping track the maturity of both Zuckerberg and his company.
Persons: Michael Zimmer, Mark Zuckerberg's, intentensly, Zimmer, , Mark Zuckerberg, Zuckerberg, Meta, Kevin Dietsch, David Kirkpatrick, Sheera Frenkel, Kara Swisher, He's, he's, Elon Musk Organizations: Service, Harvard, Facebook, Zuckerberg, San Francisco Chronicle, Capitol, Cambridge, Meta Locations: Marquette, Hawaii
Because of the encryption technology "nobody, including Meta, can see what's sent or said, unless you choose to report a message to us," Loredana Crisan, the head of Messenger, wrote in an accompanying blog post . Since 2016, Messenger users could choose, or opt-in, to safeguarding their chats via a process referred to as end-to-end encryption, which scrambles peoples' communications so that third-parties can't eavesdrop and access the data. Although Meta's other messaging app, WhatsApp, also utilizes end-to-end encryption, privacy advocates have generally considered Signal to be a more secure communication service because it collects less user data. "After years of work rebuilding Messenger, we've updated the app with default end-to-end encryption for all personal calls and messages," Meta CEO Mark Zuckerberg wrote in a Facebook post on Wednesday. In 2022, Meta conducted a test on Messenger that let users back up their end-to-end encrypted conversations in case they needed to access them on another device.
Persons: Crisan, what's, Meta, Mark Zuckerberg, Zuckerberg Organizations: Meta, Facebook, Cambridge, Federal Bureau of Investigation, Apple, IBM Locations: Nebraska, San Bernardino , California, WhatsApp, United Kingdom
“An osteobiography uses all available evidence to reconstruct an ancient person’s life,” said lead study author John Robb, a professor at Cambridge University, in a statement. “Our team used techniques familiar from studies such as Richard III’s skeleton, but this time to reveal details of unknown lives — people we would never learn about in any other way.”An illustration shows a typical marketplace in medieval Cambridge. Mark Gridley/After the PlagueThe bone biographies are available on Cambridge University’s After the Plague project website. Together, the bones tell a collective story about a cross section of people living in medieval Cambridge and the hardships they faced. “Everyday diseases, such as measles, whooping cough and gastrointestinal infections, ultimately took a far greater toll on medieval populations,” Robb said.
Persons: , , John Robb, , Richard III’s, Mark Gridley, Sarah Inskip, osteoarchaeologist, John the, ” Robb, Anne, Eudes, Edmund, John, Wat, Robb, Christiana, Dickon, Maria, infirmity Organizations: CNN —, Cambridge, Cambridge University, University of Leicester, Cambridge’s Hospital of St, St, John’s, Stourbridge Fair, University of Cambridge, , Cambridge Archaeological, Hospital of St Locations: Cambridge, Cambridge’s, Wat, Christiana, Norway, Stourbridge, England, , Europe
Maker of Wegovy, Ozempic showers money on U.S. obesity doctors
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +23 min
Novo spent at least $25.8 million over the past decade on U.S. medical professionals to promote its two obesity drugs, Wegovy and Saxenda, the analysis found. Jastreboff has also worked on clinical trials of obesity drugs for Eli Lilly, which markets a Wegovy competitor. Some doctors said Novo’s payments exemplify how the flood of industry money can dominate decision-making about care and coverage. Government pharmacy officer Solaru said her agency concluded that the new obesity drugs could be cost-effective by preventing other weight-related diseases and boosting workplace productivity. In January, the personnel office told its health plans they must cover at least one GLP-1 obesity drug for 8 million workers, retirees and family members.
Persons: Lee Kaplan, Kaplan, , gastroenterologist, He’s, Novo, Donna Ryan, Ryan, , ” Kaplan, ” Novo, Robert Lustig, “ I’m, Lustig, They’re, Ania, ” Jastreboff, Jastreboff, Eli Lilly, Lilly’s Zepbound, Lilly, ” Lilly, Novo’s, Ayana, Sanders, Arthur Kellermann, ” Kellermann, mouthpieces, ’ ”, “ I'm, Jamy Ard, Ard, Dele, ” Solaru, ” Ryan, Scott Kahan, Kahan, Solaru, Christine Gallagher, Wegovy, Rebekah Carl, Carl, Jen Wexler, gaunt, Wexler Organizations: Novo Nordisk, Dartmouth, Nutrition Institute, Massachusetts General Hospital, Harvard Medical School, Reuters, Cambridge, Obesity Society, U.S ., Management, Reuters . Pharmaceutical, , U.S, United, National Health Service, University of California, U.S . Food, Drug Administration, Doctors, Wegovy’s, BMI, Yale University’s Center, Weight Management, Wall Street, American Medical Association, Rutgers University’s School of Public Health, Affordable, . Pharmaceutical, Companies, Uniformed Services University of Health Sciences, Wake Forest University, Wake Forest Baptist Health Weight Management, Obesity, Pennington Biomedical Research, U.S . National Institutes of Health, Personnel Management, Coalition, STOP, George Washington University, Novo Locations: CAMBRIDGE, Massachusetts, Boston, U.S, Novo, Danish, United States, Louisiana, San Francisco, Wegovy, Pennington, Baton Rouge , Louisiana, Government, New Columbia , Pennsylvania, Florida
Warning: This article contains disturbing descriptions about the practices of colonial settlers in Tasmania and violence against Tasmanian Aboriginal peoples. “In all, Allport shipped five Tasmanian Aboriginal skeletons to Europe, proudly identifying himself as the most prolific trader in Tasmanian bodily remains,” according to the study. The colonial government allowed settlers to murder Tasmanian Aboriginal people without punishment and, in 1830, even established a bounty for the capture of Indigenous humans and Tasmanian tigers, or thylacines. Some Aboriginal Tasmanian people did survive colonial persecution, Ashby added, though at brutal costs. Their descendants make up today’s Tasmanian Aboriginal community, Ashby said.
Persons: Jack Ashby, Morton Allport, Allport, Ashby, It’s, ” Ashby, Mortan Allport, , incentivized Allport, William Lanne, William Crowther, Crowther, Truganini, thylacines, “ We’re, Rebecca Kilner, ” Kilner Organizations: Tasmanian Aboriginal, CNN, Cambridge University’s Museum of Zoology, Tasmanian, Allport Library, Museum of Fine Arts, State, of, Royal Society of Tasmania, Royal Society, British Museum, University Museum of Zoology, Cambridge, University of Cambridge Grappling Locations: Tasmania, United Kingdom, Europe, Belgium, of Tasmania, Great Britain, London, Bass, , Brussels, Tasmanian, Cambridge
The Cambridge Dictionary is updating the definition of the word "hallucinate" because of AI. Hallucination is the phenomenon where AI convincingly spits out factual errors as truth. It's a word that also captures one of the AI industry's key challenges: misinformation. AdvertisementThe Cambridge Dictionary's newly crowned word of the year is a familiar one, but it's taking on a new meaning because of AI. Business leaders and misinformation experts have also voiced their concerns over how AI might worsen the state of online misinformation.
Persons: , Morgan Stanley, Wendalyn Nichols Organizations: Cambridge, Service, Gizmodo, CNET, Microsoft, AIs
Britain to invest 300 million pounds in AI supercomputing
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +2 min
British Prime Minister Rishi Sunak delivers a speech on AI at Royal Society, Carlton House Terrace on October 26, 2023 in London, England. Funding for the "AI Research Resource" will be increased to 300 million pounds ($363.57 million) from a previously announced 100 million pounds, the government said at an AI safety summit aimed at charting a safe way forward for the rapidly evolving technology. "Frontier AI models are becoming exponentially more powerful," British Prime Minister Rishi Sunak said on social media platform X. "This investment will make sure Britain’s scientific talent have the tools they need to make the most advanced models of AI safe." The machines, which will be running from summer next year, will be used to analyse advanced AI models to test safety features, as well as to drive breakthroughs in drug discovery and clean energy, the government said.
Persons: Rishi Sunak, Peter Nicholls, Bristol's, Kylie MacLellan, Kirsten Donovan Organizations: British, Royal Society, Carlton, Terrace, REUTERS, Nvidia, Hewlett Packard Enterprise, Dell, SME, Thomson Locations: London, England, Britain, Cambridge, Bristol
Big Tech earnings This week is less about reading between the lines/through results, and contextualizing management comments, but rather it's about the market itself. AI - AI - AI! The options market is implying an earnings related move of 4.7%. Our options market sentiment score for GOOG/GOOGL is 80th percentile - which one may think of like a score/grade, so a B- in terms of options sentiment. Call open interest is 15% higher than put open interest, our options market sentiment score is 83% so B/B- territory.
Persons: ChatGPT, Bing, it's, AMZN, Mark Zuckerberg's, Zuckerberg, one's Organizations: Cambridge, JPMorgan Chase, Citigroup, Bank of America, BlackRock, Goldman, Equity, Big Tech, Microsoft, Apple, Nvidia, Inc, Investors, YouTube, Amazon, Google, Gaming, Activision, Logistics, Federal Express, CNBC, ExxonMobil, Chevron, Visa, Mastercard, Merck, Co Locations: financials, Wells Fargo
The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowOct 18 (Reuters) - A shareholders' proposed class action accusing Meta Platforms Inc (META.O) of concealing sweeping misuse of Facebook users' data in 2017 and 2018 was revived by a U.S. appeals court on Wednesday. Circuit Court of Appeals in San Francisco restored shareholders' claim that the company, then known as Facebook, falsely said that user data "could" be compromised. At the time, the company was already aware that the UK-based consulting firm Cambridge Analytica had violated its privacy policies, shareholders allege. Circuit Judge Patrick Bumatay dissented, saying that Facebook's disclosures concerned the type of risks involved in its business, not whether or not a data breach had occurred.
Persons: Yves Herman, Cambridge Analytica, Margaret McKeown, Darren Robbins, Donald Trump's, Patrick Bumatay, Jody Godoy, Jonathan Oatis Organizations: REUTERS, Meta, Inc, Facebook, U.S, Circuit, Cambridge, Shareholders, Thomson Locations: Brussels, Belgium, San Francisco
3D printed models of people working on computers and padlock are seen in front of a displayed CYBER ATTACK words and binary code in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Oct 18 (Reuters) - A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd's of London (SOLYD.UL) said on Wednesday. Cyber insurance saw over $9 billion in gross written premiums in 2022 and is forecast to grow to $13 billion to $25 billion by 2025, Lloyd's said. Over 20% of the world's cyber premium is placed in the Lloyd's market, Lloyd's said. Major cyber insurers Beazley (BEZG.L) and Hiscox (HSX.L) are among more than 50 insurance companies in the Lloyd's market.
Persons: Dado Ruvic, Lloyd's, , Bruce Carnegie, Brown, Beazley, Carolyn Cohn, Jonathan Oatis Organizations: REUTERS, Lloyd's, Cambridge Centre, Risk Studies, China, Thomson Locations: London, United, Japan
SINGAPORE — Sips in Barcelona, Spain is the best bar in the world, according to this year's ranking by the 50 Best organization. The World's 50 Best Bars were announced at an awards ceremony in Singapore on Tuesday evening — the first time the ceremony was held in Asia. The annual ranking is published by William Reed Business Media, a U.K.-based company that also publishes "The World's 50 Best Restaurants" list — and in a first, "The World's 50 Best Hotels," published in September. The 50 Best organization has published an annual ranking of "The World's 50 Best Bars" since 2009, with London and New York dominating the lists ever since. Courtesy of The World's 50 Best Bars
Persons: William Reed, Sips, Marc Álvarez, Frida Calho, Sydney –, Madrid, Rome Hanky, Kitten, Scotland Mimi Kakushi, Renato, Simone Caporale, Röda, Apoorva Kohli Organizations: Sips, Mexico City, William, William Reed Business Media, CNBC, South America, United Arab Emirates, Barcelona Connaught Bar, South America Himkok, Greece BKK Social, Salmon Guru, Hong, Buenos Aires Röda Huset, SG Club, Cambridge Public House, Sons, Africa Scarfes Bar, Milan Carnaval, Bar, Athens Atlas, American, Asia Locations: SINGAPORE, Barcelona, Spain, Singapore, Asia, New York, Mexico, U.K, London, Sips, Europe, North, South, Australia, Dubai, United Arab, South America, Oslo, Norway, Seoul, North America, Paradiso, Paris, Limantour, London Alquímico, Cartagena, Columbia, Buenos Aires, Argentina, Athens, Greece, Bangkok, Pony, Salmon, , New York, Hong Kong, Rome, Rome Hanky Panky, Melbourne, Trova, Miami Baba, Rum, Athens CoChinChina, Berlin, Stockholm, Tokyo, Edinburgh, Scotland, United Arab Emirates, Middle East, Milan, Lima, Peru L'Antiquario, Naples, Italy, Mexico City, Firenze, Florence, , New Orleans, Gleneagles, Auchterarder, Röda Huset, New Delhi, Alquímico
Tensions have boiled over around how colleges are responding to Hamas' terrorist attack on Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementTensions are running high at America's elite colleges, as students, professors, and well-connected, wealthy alumni respond to Hamas' terrorist attack on Israel. At Harvard, the much-maligned student letter has been deleted, after several student groups retracted their support for it.
Persons: , Bill Ackman, Mark Rowan, Stanford, Larry Summers, Summers, Joe McCarthy, Jason Furman, Ackman, Israel, Alex Morey Organizations: Elite, Harvard, Yale, Penn, Service, Harvard Palestine Solidarity Groups, Cambridge, University of Pennsylvania, Apollo Global Management, Twitter, Indiana University, Columbia University, New York Police, . Police, Bloomberg, NYU, University of Arizona, Foundation, Rights Locations: Israel, Penn, Palestine, New York, Hamas, Gaza
Lloyd's, which carried out the research alongside the Cambridge Centre for Risk Studies, stressed that its "systemic risk scenario", which models the global economic impact of extreme weather, was hypothetical. But it said the work would improve business and policymaker understanding of their exposure to critical threats such as extreme weather. When adjusting the estimated $5 trillion in losses over a five-year period for the probability of those extreme weather events occurring, the expected global economic losses were $711 billion, Lloyd's said. Lloyd's modelled global economic losses of extreme weather events by estimating the impact of food and water shocks on global gross domestic product over a five-year period. The Caribbean region would lose 19% of its GDP over five years if the extreme weather events were concentrated there, Lloyd's estimated.
Persons: Umit, Lloyd's, Trevor Maynard, Tommy Reggiori Wilkes, Mark Heinrich Our Organizations: REUTERS, Cambridge Centre, Risk, Thomson Locations: Turkey's, Istanbul, Turkey, London, Greater China, Caribbean
The rampant spread is "a direct result of Musk's policies," a misinformation expert told Insider. "The fact that people with verified accounts can monetize their content means they have the wrong incentive," he said. "They're incentivized to spread content that's going to get engagement, clicks, and ultimately make them money. Even if you keep saying don't trust verified accounts, it's still difficult for people to navigate that landscape." Van der Linden said although misinformation was also present on Twitter before Musk's time, the platform used to have better resources to tackle it.
Persons: , Linda Yaccarino, Elon Musk, Musk, Sander van der Linden, Van der Linden, van der Linden, it's, Stanford, Alex Stamos, der Linden, They're Organizations: Service, Hamas, Cambridge Social, University of Cambridge, Twitter Locations: Gaza, Israel, Egypt
In 2017, I joined Facebook (now known as Meta) as a senior engineer and worked there for almost five years. My compensation at Meta rapidly increased to more than $800,000 a year. AdvertisementAdvertisementComing in as a senior engineer — a level E5 at Facebook — I felt pressure to become independent and start contributing quickly. I thought that asking for help would "out" me as someone who didn't deserve to be a senior engineer. This is a critical part of being a senior engineer and beyond (staff or principal engineer).
Persons: Rahul Pandey, Pandey, , Pinterest, Taro, Rahul, It'd, Rahul Pandey's, doesn't, stagnate Organizations: Meta, Service, Stanford, Facebook, Cambridge, Big Tech Locations: Silicon Valley, Meta
ARM is set to return to the public markets with a massive IPO on Thursday. The SoftBank-owned chip designer has built its success offering designs to smartphone makers. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The chip designer, which has been privately owned since being bought for $32 billion by Japanese conglomerate SoftBank in 2016, has priced its shares at $51 . However, a slowdown in the smartphone market, where growth has become increasingly stagnant in recent years, has led ARM to explore new growth opportunities.
Persons: Masayoshi Son Organizations: Service, ARM, NASDAQ, Apple, SEC, Nvidia Locations: Wall, Silicon, Cambridge
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