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☆ Don't worry — the machines won't be as smart as humans for a long time, because they've still got a lot to learn
▼ + stars: | 2024-01-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Much of today's most popular AI models, such as OpenAI's GPT-4, are trained on what's publicly available on the internet. It's worth noting that AI models exist today that are pretty effective at generating images, but these are text-to-image models, like Midjourney and Stable Diffusion. Koller also sees issues with today's LLMs. This isn't the first time doubts have been raised about the capacity of today's AI models. Steve Jennings/Getty Images for TechCrunchThis is not to say today's LLMs are useless.

Persons: —, OpenAI's ChatGPT, Bill Gates, Daphne Koller, MacArthur, Koller, Neilson Barnard, chatbots, Yann LeCun, –, today's LLMs, LLMs, that's, Kai, Fu Lee, Steve Jennings Organizations: Economic, Service, Big Tech titans, Google, Microsoft, Getty, Meta Locations: Davos, Switzerland, today's, silico

☆ Long-standing Arab efforts to end Israel-Hamas war aren't going very far, analyst says
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLong-standing Arab efforts to end Israel-Hamas war aren't going very far, analyst saysHasan Alhasan, senior fellow for Middle East policy at the International Institute for Strategic Studies, says Israeli Prime Minister Benjamin Netanyahu stated "very clearly that he is not interested."

Persons: Hasan Alhasan, Benjamin Netanyahu Organizations: Middle, International Institute for Strategic Studies Locations: Israel

☆ Googlers are realizing layoffs are 'just business' — and they're starting to fight back
▼ + stars: | 2024-01-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pushing back against Google leadersIn response to the most recent wave of cuts this week, Google software engineer Diane Hirsh Theriault took to LinkedIn to vent about Google's leadership. "We're continuing to support any impacted employees as they look for new roles here at Google and beyond," Google said. Though he acknowledged one director followed up with him after the news, he has "harbored a lot of anger and frustration at Google's leadership" over the way layoffs have been handled since January 2023. AdvertisementThat's probably a pretty tough thing to accept for Google workers aggrieved by the layoffs.

Persons: —, Larry Page, Sundar Pichai, Googlers, Diane Hirsh Theriault, RSVP, hiZPDomas5, Stephen McMurtry, Kenneth Smith, Gergely Orosz, Smith, Orosz Organizations: Service, Google, Business, Big Tech, LinkedIn, Alphabet Workers, Alphabet Workers Union Locations: Mountain View, New York

☆ Apple's problems are piling up ahead of its biggest launch in nearly a decade
▼ + stars: | 2024-01-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

But it's battling problems with the Apple Watch, falling iPhone sales in China, and developer fury. All of which have put Apple in a difficult position ahead of its biggest launch in nearly a decade. AdvertisementWith the Vision Pro hitting shelves in two weeks, Apple should be laser-focused on what's set to be its most significant launch since 2014. In China, Apple's biggest international market for its smartphone, sales have plummeted in recent months. These are clearly problems Apple could do without ahead of its looming Vision Pro launch.

Persons: —, Michael M, Joe Kiani, Apple, Wang Gang, – Organizations: Apple, Apple Watch, Service, International Trade Commission, Appeals, Federal Circuit, Business, Bloomberg, Games, Wall Street, Vision Locations: China

☆ Israel-Hamas War Fighting Eases in Northern Gaza, Giving Residents Some Relief
▼ + stars: | 2024-01-18 | by ( Adam Rasgon | Aaron Boxerman | ) www.nytimes.com time to read: +8 min

The Pakistani Foreign Affairs Ministry said that the country’s forces had conducted “precision military strikes” against what it called terrorist hide-outs in southeastern Iran. Iranian officials said that nine people had been killed, including four children, and Pakistani officials said the death toll of the Iranian strikes included at least two children. The official said that air force fighter jets and drones had been used in the Pakistani retaliatory strikes. In a statement, the Pakistani military called the two neighbors “brotherly countries” and said that “dialogue and cooperation is deemed prudent in resolving bilateral issues” between them. Pakistani military analysts were hopeful that this could pave the way for diplomatic dialogue between the two nations.

Persons: Islamic Republic “, ”, Ahmad Vahidi, Sohail Shahzad, Benjamin Netanyahu, “, Syed Muhammad Ali, Waqar Hasan, Arash Khamooshi, Baluch, al, Vivian Nereim Organizations: Pakistani Foreign Affairs Ministry, Iran Exchange, Foreign Ministry, Islamic, Islamabad ”, Islamic Revolutionary Guard Corps, Iranian, Credit, Pakistan, The New York Times Pakistan, Guards Locations: Pakistan, Iran, Baluch, Iraq, Islamic Republic, Saravan, Tehran, Islamabad, Rask, Israel, Gaza, Balochistan Province, Yemen, Suez, United States, Pakistani, “ Pakistan, Baluchistan Province, Sistan, Persian, Oman, Riyadh, Saudi Arabia

☆ Sam Altman's election gameplan shows he's desperate to avoid repeating Mark Zuckerberg's mistakes
▼ + stars: | 2024-01-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Sam Altman has a huge task in Davos: convince leaders he won't repeat Facebook's election mistakes. OpenAI has outlined its plan to prevent tools like ChatGPT from being used to interfere with elections. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The fretful among them will have a much more pressing question to ask: what's his plan to avoid Mark Zuckerberg election mistakes ? In the wake of the 2016 election, Zuckerberg dismissed the suggestion that Facebook influenced the vote as a "pretty crazy idea."

Persons: Sam Altman, OpenAI, —, Mark Zuckerberg, Zuckerberg, Altman, Meta's Mark Zuckerberg, Chip Somodevilla, ChatGPT, Joe Biden Organizations: Service, World Economic, Facebook, Republicans Locations: Davos, Swiss, Russia

☆ Microsoft's everyday AI companion Copilot is here to help – if you're willing to pay
▼ + stars: | 2024-01-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewMicrosoft is ready to offer you a personal AI buddy — if you're willing to pay. The Redmond tech giant is rolling out its "everyday AI companion," called Copilot, to both individuals and small and medium-sized businesses through paid subscription services. On one level, Copilot is a generative AI tool integrated into Microsoft's suite of apps: think Word, Excel, PowerPoint, Outlook and Teams. Divya Kumar, Microsoft's search and AI marketing chief, told Business Insider there's a simple reason to pay: to get priority access to the best AI models. In a demo, Kumar used Outlook to show how Copilot could help save time on emails.

Persons: —, Bill Gates, Bennett Raglin, Gates, ChatGPT, Satya Nadella, Stephen Brashear, Divya Kumar, OpenAI, Kumar, It's Organizations: Service, Redmond, Business, Microsoft, Getty

☆ Netflix removed an Indian film after religious viewers criticized meat-eating characters
▼ + stars: | 2024-01-15 | by ( Yoonji Han | ) www.businessinsider.com time to read: +4 min

Read previewNetflix pulled an Indian film from its platform just days after it began streaming after backlash from right-wing Hindu groups, reports say. This story is available exclusively to Business Insider subscribers. The phrase "love jihad" refers to an Islamaphobic conspiracy theory purporting that Muslim men are seducing Hindu women to convert them to Islam. 'Fanaticism won, creativity lost'It's not the first time Netflix and other streaming platforms have faced pressure from religious Hindu groups. AdvertisementNetflix did not immediately respond to a request for comment from Business Insider.

Persons: —, Narendra Modi's, Shri Ram, Annapoorani, — Ramesh Solanki 🇮🇳 ( Organizations: Service, Netflix, Business, Hindu Parishad, Zee Studios Locations: Tamil Nadu

☆ An academic analyzed everything Mark Zuckerberg said publicly for 20 years — but still doesn't feel like he knows him
▼ + stars: | 2024-01-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

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

☆ The tech powering ChatGPT won't make AI as smart as humans. Others might.
▼ + stars: | 2023-12-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

But the tech powering it has limitations and may struggle to make AI that is as smart as humans. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This means the public gets to see research faster, but it isn't necessarily reliable. AdvertisementHe gave "kudos" to Dao and Gu "for pushing on alternative sequence architectures for many years now." ChatGPT was a landmark cultural event that sparked an AI boom.

Persons: ChatGPT, —, Bill Gates, abut, Albert Gu, we've, vXumZqJsdb — Albert Gu, Gu, Dao, JAX, Jim Fan Organizations: Service, Google, Carnegie Mellon, Tri Dao, SSM, Nvidia Locations: AGI, Tri, pretraining

☆ Sam Altman's biggest lesson for founders: control freaks win
▼ + stars: | 2023-12-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

A takeaway for other founders: control matters. A founder's narrative control can wane too if board members disagree with a founder's vision. AdvertisementAltman did not, in practice, start with much control at OpenAI, despite being its CEO and, prior to the blowup, a board member. "A lot of VCs still act as if founders retaining board control after a series A is unheard-of. OpenAI's version of founder control doesn't necessarily look like others: its CEO apparently doesn't hold the majority of stock.

Persons: Sam Altman, Paul Graham, —, Altman, Altman's, Helen Toner, Toner, Y, Graham's, Graham, aren't, Mark Zuckerberg, Bret Taylor, Larry Summers Organizations: Service, Microsoft Locations: OpenAI

☆ Wild price inflation and a blocky design: Elon Musk's $60,990 Cybertruck is a totally ludicrous idea
▼ + stars: | 2023-12-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Tesla's Cybertruck still makes no sense. Elon Musk livestreamed a delivery event for the pickup truck on Thursday. How it makes sense for Tesla, Elon Musk, or people's daily commutes is still anyone's guess. On its website, Tesla describes the vehicle as being "built for any planet," thanks to its durable and rugged design. "The truck looks absolutely awful.

Persons: Tesla's, Elon Musk, —, Musk, 04EfaB01Fb — Jon Erlichman, Gun, I've, Gene Munster, Morgan Stanley, Tesla Organizations: Service, Texas, Porsche, Plaid, CNBC Locations: Texas, Wyoming

☆ Microsoft's top brass still don't seem to know what the heck happened with Sam Altman and OpenAI
▼ + stars: | 2023-11-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Microsoft has put billions into OpenAI, but it still doesn't know why its board fired Sam Altman. Microsoft president Brad Smith dismissed the idea that the drama was over a dangerous AI discovery. 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 . AdvertisementLooks like Microsoft's top brass are still out of the loop with what the heck happened over at OpenAI.

Persons: Sam Altman, Brad Smith, Smith, —, Altman, There's, Elon Musk, – Organizations: Microsoft, Service, OpenAI, Reuters, Elon, Business Locations: Silicon

☆ Charlie Munger's last big call was probably right: AI is overhyped
▼ + stars: | 2023-11-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Charlie Munger, who passed away Tuesday at the age of 99, had a last big call on AI: it's overhyped. It was counterintuitive, but his last big call could be right: AI is overhyped. Google has now rolled the lab in with another AI division, Google Brain, and no longer explicitly breaks out financials. AI has still to prove out its caseFinally, there's the big question of whether the technology will deliver on its big promises. OpenAI's Altman and other AI CEOs talk very publicly about AI as smart as humans being on the horizon.

Persons: Charlie Munger, —, Warren Buffett, Munger, ChatGPT, OpenAI's, Sam Altman, Altman, There's, OpenAI's Altman, Michael Chabon Organizations: Service, Apple, Costco, Oracle, Microsoft, Ferrari, British, Tobacco, Dell, Google, DeepMind Locations: Berkshire, Omaha, Silicon Valley

☆ Elon Musk's newest phase is cosplaying as a savior-statesman
▼ + stars: | 2023-11-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Elon Musk is cosplaying statesmanship. Elon Musk (L) meets with Israeli President Isaac Herzog (R) on November 27, 2023 in Jerusalem, Israel. Ironically, the Irish PM hates the Irish people — Elon Musk (@elonmusk) November 24, 2023As an approach to business development, none of this looks particularly sure-footed. — Elon Musk (@elonmusk) November 19, 2023Esther Solomon, editor-in-chief of Israeli newspaper Haaretz, labelled Musk a "blatant antisemite" and slammed Netanyahu for entertaining the tycoon. Blatant antisemite & publisher of antisemitism Elon Musk should be persona non grata in Israel.

Persons: Elon Musk, He's, —, Benjamin Netanyahu, Musk, Kfar, Isaac Herzog, Handout, Bibi, Shlomo Karhi, — Elon, Starlink, Drew Harris, Leo Varadkar, Esther Solomon, Netanyahu, Elon, zGc10w8Y9H, XMkitJclUt — Esther Solomon, @EstherSolomon Organizations: Service, Israeli, Kfar Aza, Gaza, Garda, PM, White, Haaretz Locations: Israel, Gaza, Jerusalem, Ukraine, Dublin, Ireland

☆ A New York City Socialite Returns to Her Southern Roots
▼ + stars: | 2023-11-24 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

From the mid- to late-2000s, Ms. Mortimer dominated the New York social scene as a prominent guest at the most glamorous charity balls and fashion shows. She attracted the cameras in her colorful baby-doll designer dresses and was omnipresent in the papers and gossip pages. She settled into a quiet, private life in Augusta, Ga., with Mr. Bovard and his three children. “I love Augusta. Mr. Bovard was a groomsman at the wedding.

Persons: Tinsley Randolph Mortimer, Mortimer, Robert Dennis Bovard, Bovard, “, Augusta, I’m, Mercer Ferguson Organizations: New, York Magazine, Housewives, University of the Locations: New York, New York City, Augusta , Ga, Richmond, Va

☆ Gen Z-ers and Millennials React to ‘L.A. Law’
▼ + stars: | 2023-11-23 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

Until the streaming relaunch, the show was hard to find, existing in DVDs at junk shops and in the depths of Amazon Prime Video. In recent days the Styles journalists Melissa Guerrero, Sadiba Hasan, Callie Holtermann and Louis Lucero — all members of the Millennial or Gen Z generations who had never seen “L.A. Law” — watched the first three episodes on Hulu. They shared their observations with the editors Minju Pak and Jim Windolf, who were fans of the show in its heyday. It was the subject of workplace conversation and countless think pieces, and it won 15 Emmys before the final gavel in 1994.

Persons: “ L.A, ”, Seinfeld, Melissa Guerrero, Sadiba Hasan, Callie Holtermann, Louis Lucero —, ” —, Pak, Jim Windolf, Steven Bochco, Terry Louise Fisher, Harry Hamlin, Michael Kuzak, Corbin Bernsen, Arnie Becker, Jill Eikenberry, Ann Kelsey, Jimmy Smits, Victor Sifuentes, Susan Dey, Grace Van Owen, L.A, Law ” Organizations: NBC, Hulu, Amazon Prime

☆ REVIEW Cricket-One-day format revived as Australia gatecrash India's World Cup
▼ + stars: | 2023-11-20 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +5 min

It was a remarkable journey for Australia, who began their campaign with back-to-back defeats yet still finished with the 50-overs World Cup in their arms for the sixth time. Shakib had already caused controversy over his appeal that led to Sri Lanka's Angelo Mathews becoming the first player in international cricket to be 'timed-out'. Cummins, for one, had no doubts about the stature of the original World Cup. "I think it's the pinnacle of international cricket," said Cummins, who was part of Australia's victorious 2015 squad. "The whole cricket world stops with this World Cup."

Persons: Narendra Modi, Adnan Abidi, Cummins, Travis, Jos Buttler, Jonathan Trott, Australia's Glenn Maxwell, Babar Azam, Shakib Al Hasan's, Shakib, Sri Lanka's Angelo Mathews, Mathews, Buttler, Anurag Dahiya, Mark Twain's, Amlan Chakraborty, Peter Rutherford Organizations: Cricket, ICC Cricket, Narendra, Australia, ICC Cricket World, REUTERS, Rights, India, The, West Indies, Sri, WORLD, International Cricket Council, ICC, T20, Pakistan, Thomson Locations: India, Australia, Ahmedabad, Rights AHMEDABAD, England, Pakistan, Sri Lanka, Bangladesh, Australia's, Dharamsala, New Delhi

The trial is the first of two antitrust cases brought by the Justice Department against Google. Photo: Hasan Bratic/Zuma PressWASHINGTON—The historic antitrust case against Google will soon be in the hands of a judge who says he has no idea how he will rule. It will be many months before U.S. District Judge Amit Mehta , who oversaw the nonjury trial in Washington, rules on the question at the heart of the Justice Department’s case: Did Alphabet -owned Google, which answers about 90% of all internet search queries worldwide, illegally cement its monopoly?

Persons: Hasan Bratic, Zuma Press WASHINGTON, Judge Amit Mehta Organizations: Justice Department, Google, Zuma Press, U.S Locations: Washington

☆ Indonesia hosts regional defence chiefs amid multiple global crises
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +4 min

Nov 15 (Reuters) - Defence ministers in ASEAN called for an immediate ceasefire in Gaza and a durable solution to the crisis in Myanmar during the opening of a regional meeting in Jakarta on Wednesday. Defence ministers from the Asian bloc are attending the 2-day meeting alongside key players in the Indo-Pacific as major powers jostle for regional influence, and as conflicts deepen from Myanmar to the Middle East. All ASEAN defence ministers, with the exception of Myanmar's, attended Wednesday's forum, with U.S. Defence Secretary Lloyd Austin to meet counterparts later in the day. The talks will expand on Thursday to include Russia, China, Japan, South Korea, India, New Zealand and Australia. The country removed its defence minister in October, raising questions about the stability of the leadership around President Xi Jinping.

Persons: Prabowo Subianto, Joko Widodo, Joe Biden, Haji Mohamad bin Haji Hasan, Prabowo, Myanmar's, Lloyd Austin, Jing Jianfeng, Xi Jinping, Austin, Aaron Connelly, Thomas Shoal, Connelly, Stanley Widianto, Ananda Teresia, Kanupriya Kapoor, Martin Petty, Kate Lamb, Gerry Doyle Organizations: Defence, ASEAN, Wednesday, Indonesian Defence, Hamas, Association of Southeast Asian Nations, Japan, U.S . Defence, Air, Joint Staff Department, China's, Military Commission, International Institute for Strategic Studies, Thomson Locations: Gaza, Myanmar, Jakarta, Washington, Malaysian, Malaysia, East, Ukraine, South China, China, Philippines, Russia, Japan, South Korea, India, New Zealand, Australia, Beijing, Indonesia, North Korea, Pyongyang, Singapore, U.S, Israel

☆ OpenAI boss Sam Altman predicts 'brutal' shortage of AI chips will ease next year
▼ + stars: | 2023-11-13 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Nvidia's chips have been hot property in Silicon Valley this year thanks to the AI boom. But a shortage in the chips could ease as soon as next year, Sam Altman said. The OpenAI boss told the Financial Times that rivals to Nvidia would soon enter the market. AdvertisementAdvertisementSam Altman has reportedly predicted that a "brutal crunch" triggered by a shortage in expensive chips needed to power tools like ChatGPT will ease next year. The OpenAI boss told The Financial Times that he expected the chip shortage to ease as companies enter the market with rival offerings to the hottest property in AI: Nvidia's popular $40,000 H100 processors.

Persons: Sam Altman, —, OpenAI, Altman, Jensen Huang, Fortune, Huang Organizations: Financial Times, Nvidia, Service, Microsoft, Companies, Google, The Harvard Business Locations: Silicon, Silicon Valley

☆ The Greatest, and Sometimes Silliest, Love of All
▼ + stars: | 2023-11-10 | by ( Sadiba Hasan | Alisha Jucevic | ) www.nytimes.com time to read: +1 min

Before Ezekiel Oliver Smith and Michael Nicolas Briones Santos attended the GLAAD Media Awards in Los Angeles in April 2018, Mr. Smith enjoyed his time alone more than his time on dates. When he was alone, he never felt lonely, and he thought that maybe he was happiest when he was single. Mr. Santos, on the other hand, was focused on his career. He told himself that he would never find his true love, and he was OK with that. Mr. Santos, 44, found out that he could indeed “have it all.” And Mr. Smith, 35, found someone he enjoyed spending time with more than he enjoyed spending time alone.

Persons: Ezekiel Oliver Smith, Michael Nicolas Briones Santos, Smith, Santos, ”, ” Mr Organizations: GLAAD Locations: Los Angeles

☆ Bill Gates thinks AI could spell the end of tedious life admin
▼ + stars: | 2023-11-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

AI assistants are on their way. Bill Gates and Sam Altman spoke this week about the future of AI lying in "agents." This past week has made that much clear as big-name techies like Bill Gates and Sam Altman touted the future of AI as one of "agents." He reckons AI agents can change that within the next five years. A store leaderboard will even help you identify the most useful AI assistants.

Persons: Bill Gates, Sam Altman, —, Gates, Altman, OpenAI's, ChatGPT, OpenAI, Clippy, you've Organizations: Service, Microsoft Locations: San Francisco

☆ TikTok and Instagram users would be willing to pay for everyone to get off social media, research finds
▼ + stars: | 2023-11-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Many users would ditch social media in exchange for being paid a small fee, a study found. What if there was an option where everyone else they knew would stop using social media, too? AdvertisementAdvertisementThe researchers found that users would be willing to pay $28 and $10 "to have others, including themselves, deactivate TikTok and Instagram, respectively." Social media remains a key resource for people looking for a convenient way to keep on top of updates from friends, colleagues, and current affairs. AdvertisementAdvertisementThat said, the results underscore a view that people feel compelled to use social media despite how awful it can make them feel.

Persons: —, they'd Organizations: Service, National Bureau of Economics Research

☆ SoftBank has lost more than $14 billion by betting on WeWork
▼ + stars: | 2023-11-09 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Tech conglomerate and investor SoftBank has lost $14.4 billion so far on WeWork. SoftBank was one of WeWork's most bullish backers, predicting it would be worth $100 billion. AdvertisementAdvertisementSoftBank has lost a cumulative $14.4 billion through its disastrous bet on the now-bankrupt WeWork , per the group's July-September earnings. SoftBank overall posted a loss of $6.2 billion (¥931.1 billion) for July to September, compared a profit of $20 billion the same period last year. AdvertisementAdvertisementFuelled with conviction from SoftBank founder Masayoshi Son and billions in investment, WeWork sailed to a colossal $47 billion valuation at its peak in 2019.

Persons: SoftBank, —, Masayoshi Son, WeWork, Adam Neumann, Neumann, Son, Jack Ma, Alibaba . Son Organizations: Service, WeWork, Alibaba, Visual China, Getty Locations: Alibaba .

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