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Softbank-backed chip designer Arm's successful listing today could open the IPO floodgates, according to Lux Capital’s Shahin Farshchi. He says the offering could generate more interest in new chip players, drive capital into private semi names, and encourage private companies to consider public market financing. The IPO might also be a much-needed win Masayoshi Son. Even though the Softbank founder has hung his entire legacy on being central to the AI shift, he’s had a number of big misses, including selling his stakes in Nvidia and perhaps self-driving startup Cruise too early.
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OpenAI’s Sam Altman and Anthropic’s Dario Amodei are expected to address the U.N. Security Council this week.
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President Donald Trump on Tuesday said he signed a “morally binding” artificial intelligence document with tech leaders following a luncheon at the White House. CNBC’s Kate Rooney reports.
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CNBC’s MacKenzie Sigalos reports on the latest model release from Google as the AI agent battle heats up.
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