softbank has a 75% stake in arm.o, given softbank's previous, let's say investment missteps. but in softbank's listing of arm last may, it said arm could continue to be a subsidiary post ipo likely that means keeping control or even with these big anchor investors. so there is a reason to secure nvidia you guessed it, ai nvidia drums up confidence, but makes it clear that ai is how arm may plan to seek out growth. >> trickier to figure out is why nvidia is investing in this -- is it a biotech company? >> so it's a biotech rekucursio. so they're using ai to sift through and find new uses for old drugs, or any type of potential drug candidates. these databases are massive. so nvidia just announced they are spending $50 million, which isn't that substantial, $50 million to gapein access to thoe data sets. nvidia also has a new cloud service that they plan to license to their own customers that would get -- that means nvidia would get access to all of that data from recursion. that's why nvidia is doing it. we'll have wa

because, stay with me, alibaba owns a third of ant and softbank has a stake in alibaba. we're seeing of 8% is good news. >> i guess, dee, it makes you wonder whether or not if he is aggressive in the next round, whether it will be tech centric or include things like real estate and delivery like it did in the past. >> reporter: you can bet, i'm fairly confident in saying this, it will be tech, ai, robotics focus. he's been talking about ai for many, many years generative ai slightly different story. they don't have a ton of investments in that space. this 300-year vision he talks about includes sort of the shift to artificial intelligence that he's been talking about. but, you're right, in the past it's been a lot of gig economy, a lot of delivery. so e-commerce as well although they would argue e-commerce is related to ai. we'll see. i guess the key, though, are they going to be writing the kinds of checks they've written in the past, hundreds of millions of dollars up to billions of dollars. >> dee, earlier this week you were talking about the one area of startups that

the subsidy will cover about a quarter of the money softbank plans, that is budgeting for what it saysill be one of the most powerful computers in japan. the company plans to buy high performance semiconductors from u.s.-based nvidia. the industry minister says it's essential that japan has its own a.i. models. >> translator: establishing foundations for the development of generative a.i. in japan is very important for future innovations and also from the standpoint of economic security. >> the government last month pledged about $47 million to japanese data center operator sakura internet to develop its own super computer. >>> police in yamanashi are looking into the attempted theft of some of the prefecture's most prized goods. the perpetrators tried to make off with about 350 peaches. the police say the fruits were found in baskets near the orchard. they believe the culprits picked them but were forced to abandon their plan. they estimate the damage amounted to around 100,000 yen or $700. the police also say locals patrolling the area the night before the robbery spotted a suspiciou

this is a huge benefit for softbank, they did say that arm is still going to be a subsidiary post-ipoto your point, they'll still by the majority shareholder, though we don't know how much of a stake >>> a lot of players see a strategic value there. thanks so much >>> last chance to weigh in on our twitter question we asked after the cpi report, what will the fed do head to our twitter, and we'll inyothrelts after this break. i remember being on aau trips, high school games. my mom would always say, "you need to fuel the body and you need salt." i would always be the kid not cramping, ready to go. fast forward 20 years and i go from eating salt out of my palm to drinking lmnt. i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why

our exclusive conversation with the ceo of the softbank robotics company that just raised $170 million. this is bloomberg technology. ♪ health customers surveyed reported taking healthier actions. more exercise. eating healthier. and simply getting more sleep. because they know health isn't just a future state. health happens now. with over 150 personalized genetic reports from 23andme you can start your dna-powered health journey today. ed: let's get out to japan. tel existence has raised 170 millions for a series b funding round backed by softbank and other big names. joining us for more is the cofounder and ceo in an exclusive interview. good i supposed to you, thank you for joining us. this series b, what do you need this money for in your robotics? >> first of all, thank you for having me today. yeah, we raised $170 million. mainly, we will use this to expand to the u.s. ed: foxconn is an investor and i'm interested in that relationship. will they help you scale and manufacture your robotics? >> correct, right now in japan, we in the process of deploying 300 robots. we see a stron

tell existence said the series b round was owned by softbank.bc financial and globalists p the robot arms help stack shelves across 300 family mark convenience stores. more to come on daybreak asia. this is bloomberg. ♪ hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you

softbank needs a victory or two and this company has really re-emerged >> dan what do you say?i didn't play the game right. mine would be stripe it is going to go public, but interestingly, its was valued at $95 billion. they just did a raise at $50 billion. i want to see how -- >> cut in half, basically? wow. >> yeah. >> not a good time >> it would be a big test, though, for big cap and fin tech >> unicorunicorns, correct. >>> up next, final trades. doors can lead us toward what's important. your dedicated fidelity advisor can help you open those doors. by working with you on a retirement-income plan designed to balance growth and guaranteed income. because doors were meant to be opened. >>> it is time for the final trade. let's go around the horn tim seymour? >> i love mcdonald's, my son eats their chicken mcnuggets, the only protein he gets and i'm embarrassed to get that. but i think you have to sell it at $300. >> whatever it takes karen? >> yeah. >> yeah, we actually have in the control room -- >> he is >> connor is in there. great to see him all that talk about coinbase

softbank acquired arm. there talking to nvidia. it's not a huge amount of upside.has gone to a $1 trillion valuation. the deal they had agreed was $66 billion. the spread is substantial. it's good to have an anchor investor. guy: that were price? alix: the deal for a full takeover was blocked. arm's customers didn't like it. alex: does being an anchor give you preferential treatment when it comes to the access to tech, the way you steer the development cycle? i personally buy the argument that it is not in nvidia's interest to squeeze out the customers they have. if they are an anchor, they want to be making money. that is easier if you are still serving the industry. guy: who else would be interested? alex: apple develops its own chips. it's all built on arm architecture. they create the base architecture for what chips can do. they lease that to others who find tune it, then commission a manufacturer. that player could go for it. intel might be another. intel is looking to build out its foundry business. it wants people to be able to design their own chips, and t

some of the core franchises within goldman sachs have been very strong within investment banking softbank remains number one and acquisition for several years. it's unfortunate that at the time the consumer operations coincide with the investment banking we've seen for several years and the trading side as well the powerhouse are the investment banking and trading operations and that's typically very weak. i thought the board would have looked through some of the temporary weakness and given the benefit of the doubt. >> i'm not going to let you go without asking you a regulation question they're releasing new requirements, onerous ones for residential mortgages. how impactful are those likely to be and which bank do you think would be affected the most >> there's talk that some of the capital increases could be almost 20%, which is pretty subst substantial. on the positive side, banks are delivering a lot of capital increases. so the path to deliver ratios is very good and there's ample time to get that. perhaps the market would expect it to get there within 12 months rather than the thre

wrap-up we begin the softbank arm and the upcoming usipo. >>> most says it discovered a breach followingt most. >>> the oecd says 27% of jobs at high risk that rely on skills. they could be at risk as a result of artificial intelligence. >> cathie wood sells coinbase for the first time in northeasterly a year. >>> bye-bye baby's 11th hour effort to save its store has failed ultimately they could not reach an agreement on valuation. there are primary reasons to cut back we're getting you ready for the key day ahead. two key data points. june cpi out at 2:30 and the fej beige book amazon prime day continues, running until the end of the day. markets with the key inflation as investors prepare for the impact they're continuing unwind positions in treasuries with long positions now retreating for the most elevated level since 2010 wall street traders cash out on bets on further flattening of the yield curve and more volatility over the uncertainty of the path forward for inflay for more how on how to factor it in, we bring in mimi duff. >> thanks for having me here. >> you're a little bit of

specific stock levels, specifically around softbank. they are considering a u.s. the payment business. they have cited three people familiar with the matter. the timing of the listing was still unclear. basically they need to demonstrate a clear path to profitability. representatives were unavailable. analysts, broadly on the soft bank play have been for the most part bullish. monetary policy decision. want to switch gears to that. this is after they decided to hold the cash rate. mortgages have yet to reprice. that is the impact we have been talking about for some time. you see kiwi is off. an adjustment happens on kiwi government bond. sox pre-much flat. i want to show you this chart. if you want some additional perspective on cpi. it was one of the first central banks and began raising rates. some economists think the real decision makers will be later in the year. it is going to get rough in the fourth quarter. that is with the latest report from bloomberg intelligence suggests. dani: what we have you. the microsoft -- yousef: you get me for two minutes. [laug

transaction values flipkart at 35 billion dollars down from $38 billion when it sold shares to walmart, softbank, and other investors in 2021, further cementing walmart's control over the indian e-commerce giant flipkart. guest: --haidi: it is another big week when it comes to central banks with traders bracing for further volatility, science a new era for monetary policy is emerging. let's get more from bloomberg chief rates correspondent for asia garfield reynolds. you probably cannot top what we got this week. garfield: far fewer central-bank readings this week for a start. but the shockwaves from the three biggest central banks. they all, to some extent, surprised. even, starting with the fed, that was the big boost. everybody was certain they would like. and they did, but there was far less certainty about what they would come out and say. as kathleen alluded to, they kind of shocked everybody by being less certain about their forward guidance. you know, you could look at what powell said. that could be laying the groundwork for, that is it, the final hike. or it could be laying the groundw

is said to be in talks to join a list of investors anchoring an ipo for the chip designer back by softbanksay the group will be finalized until the offering gets underway later this year. we are also told the finalist of anchor companies is likely to have five or six. haidi: the partner says china will have ai success even while facing the challenge of securing large language models are he spoke with bloomberg's ed ludlow's from the sidelines of the conference in idaho. >> one of the benefits and challenges we have of being part of this great western system is we have a free press. lots of reporting. i think one thing that's great about our society, and that's more challenged. so you don't have as much visibility. they have amazing technologists and cyclical companies, they are very dedicated to building technology for the future, so i think they will have a number of great ai efforts. there ai efforts are somewhat challenged by the fact that large language models are difficult to control. so, can you make sure a very scale large language model can both generate all of this interesting mat

himself they owned a lot of nvidia at softbank and sold it all years ago. >> it was another check box.i. the people who are supposed to know tech best bailed on the nvidia, and nvidia is the reason why microsoft can -- that product is based totally on nvidia meta's products are based on nvidia when you see what salesforce is doing, it's based on nvidia. service now. cadence. it's a lot of companies. >> right >> i don't want to be all over the map. i'm just saying that you have a couple of charmed stocks here. >> you do. >> all i'm saying is that they're charmed. >> until they're not >> right, but right now -- >> what changes? what is the -- what changes the sentiment? >> i think that historically, what's changed it is not that one of them disappoints. it's that we get inflation data that says it doesn't matter. but you know, we got uk inflation data this morning. it's great we ran a feed out of uk this morning, a really terrific one, the 5:00 a.m., and they are just cheering a level of inflation that's laughable in this country. our inflation is so fabulous in this country >> well, i

the guy in japan, the billionaire, the softbank died.. >> of the extent that we have already been using ai and a lot of different applications, it has already been a name. i do not know how he would characterize it, but it became the thing and it helped equity markets because we had a story and a hook. this is going to drive markets and make things happen. you look for companies that are outside of the absolute immediate darlings. look at tlr and some of the companies that do data centers. servers have to be housed someplace. the more ai you have, the more you are going to have. they are playing into part of the ecosystem that are very important to making it work. we do not think the valuations are as stretched as other players. tom: joining us now, the investment director at aberdeen. i did not build him for aberdeen. james, cut to the choice. you and my beloved tots, are they going to lose? james: that would be a damper on the summer. i do not think they would blame him, if they saw top trophies elsewhere, but we are desperately hopefu

. >> the thing is the softbank cpi is really baked in. >> 2.5 is not baked in. >> right but it hasundershoott this point, given the expectation >> i agree we're going to talk all about it before it happens. i think it's crazy to make a short-term call. it's not far off his head will get even a little bit bigger god knows what he'll say about bitcoin, but he's good people have been writing in, oh, he's wrong he's one of the full people who was bullish at the beginning of the year, and this week continues to con found even who says earnings are going to be a head wind. the fed's still going, the fed's on -- a recession is on the edge. >> in terms of 60 point for tom lease's prediction to come true, the other sort of technical thing that will happen this week is the unveiling of the rebalance. which would require the six biggest stocks to be a smaller rating that would require selling that could be a headwind. >> what if it reaches 99 points? >> i think you give him the win. >> you do? >> for 99? >> okay. >> 98, no, absolutely not. >> i bet you talk about this a lot on your show, activision bli