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OpenAI's founder Sam Altman is working on a new AI initiative that would require investments of up to $7 trillion. Altman is in talks with investors including the UAE government and SoftBank.

SoftBank owned British chip maker ARM is planning to launch its IPO later this year. According to the latest report, ARM has interests from both Apple and Samsung to acquire shares in the company.

After e-scooters, India's ride-hailing firm, Ola Electric Mobility, now has plans of starting the production of electric cars that will go from zero to 100 km per hour within four seconds.

A new report suggests that California-based GPU maker, Nvidia, is interested in the acquisition of Arm Holding from SoftBank. Nvidia reportedly has approached SoftBank, but nothing is concrete yet.

SoftBank is mulling the partial or full sale of Arm Holdings to raise cash. The review is in its early stages but is being advised by Goldman Sachs and the plan is to sell up to $41 billion in assets.