Technology
SoftBank to acquire semiconductor designer Ampere in $6.5B all-cash deal

SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a chip designer founded by former Intel executive Renee James, through a $6.5 billion all-cash deal as a strategic move to broaden its investment in AI infrastructure.
Ampere will be operate as a wholly-owned subsidiary of SoftBank after the deal, which is expected to close in the second half of 2025.
Carlyle and Oracle, Ampere’s lead investors, will sell their shares in the Santa Clara, California startup. According to SoftBank’s statement, Carlyle holds a 59.65% stake while Oracle holds 32.27%. The startup employs 1,000 semiconductor engineers.
In 2021, SoftBank considered acquiring a minority stake in Ampere, which was then valued at $8 billion, per Bloomberg.
SoftBank is the largest shareholder of Arm Holdings, and Ampere has developed a server chip based on the ARM compute platform, positioning the two companies are strong partners. (Softbank acquired a British chip designer Arm for $32 billion in 2016, and it became publicly traded in 2023.) Ampere’s customers include Google Cloud, Microsoft Azure, Oracle Cloud, Alibaba, and Tencent, as well as companies like HPE and Supermicro.
SoftBank stated the Ampere acquisition will bolster its capabilities in key areas like AI and compute and expedite its growth initiatives. The most recent acquisition announcement follows a string of deals made by the Japanese tech mogul over the past few months, including its partnership with OpenAI to develop Advanced Enterprise AI called “Cristal intelligence.” SoftBank has also invested in the AI infrastructure project Stargate, which is building data centers for OpenAI across the U.S., and purchased an old Sharp factory in Japan.
“The future of Artificial Super Intelligence requires breakthrough computing power,” said Masayoshi Son, Chairman and CEO of SoftBank Group Corp. “Ampere’s expertise in semiconductors and high-performance computing will help accelerate this vision and deepens our commitment to AI innovation in the United States.”
Ampere was founded in 2017 by James, who previously worked at Intel and private equity firm Carlyle and served on the board of Oracle. The company initially specialized in cloud-native computing but has since expanded its scope to include sustainable AI compute.
“With a shared vision for advancing AI, we are excited to join SoftBank Group and partner with its portfolio of leading technology companies,” said James. “This is a fantastic outcome for our team, and we are excited to drive forward our AmpereOne roadmap for high-performance Arm processors and AI.”

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Technology
StrictlyVC in Athens will feature the Greek Prime Minister

We’re thrilled to announce that Greece Prime Minister Kyriakos Mitsotakis will be joining us at our upcoming StrictlyVC event in Athens, co-hosted with Endeavor, on Thursday night, May 8, at the stunning Stavros Niarchos Foundation Cultural Center.
For those who might not be familiar with his background, Mitsotakis brings a fascinating blend of experiences to the table. Before entering politics, he worked at both McKinsey and Chase Investment Bank, giving him firsthand experience in the business world that many operators throughout the startup ecosystem can appreciate. The youngest of four children, he also has some Silicon Valley-esque academic credentials – he headed to Harvard, then to Stanford for a master’s degree in international relations, and finally nabbed an MBA at Harvard Business School – and says his education has long shaped his vision for Greece’s future.
Mitsotakis has also been championing Greece’s tech transformation for many years. In fact, after navigating the country through the pandemic, he has doubled down on positioning Athens as an emerging tech hub, recently introducing initiatives to attract international talent, including tax incentives and reforms aimed at cutting bureaucratic red tape for new businesses.
The Prime Minister comes from a political family — his father was prime minister and his sister was mayor of Athens — but he has carved out his own reputation as a reformer focused on modernizing the Greek economy. His administration has been particularly interested in how tech can help diversify renowned traditional Greek strengths like shipping and tourism.
StrictlyVC events are constrained by design to give attendees a unique opportunity for investors, founders, and ecosystem builders to engage directly with power players like the Prime Minister, so if you want to ask about his government’s vision for Greece’s tech future, and how the country fits into the broader European innovation landscape, this could be your chance.
You can check out more details here to learn more about the agenda and other speakers (you can also buy tickets while they are still available). Registration is now open for what promises to be a fun evening, filled with illuminating discussions, but this chat — with one of Europe’s most interesting political leaders about Greece’s emerging technology narrative — is definitely one you won’t want to miss. Register for your StrictlyVC Greece ticket here.

A blog which focuses on business, Networth, Technology, Entrepreneurship, Self Improvement, Celebrities, Top Lists, Travelling, Health, and lifestyle. A source that provides you with each and every top piece of information about the world. We cover various different topics.
Technology
Parents who lost children to online harms protest outside of Meta’s NYC office

Meta may have managed to kill a bipartisan bill to protect children online, but parents of children who have suffered from online harm are still putting pressure on social media companies to step up.
On Thursday, 45 families who lost children to online harms – from sextortion to cyberbullying – held a vigil outside of one of Meta’s Manhattan offices to honor the memory of their kids and demand action and accountability from the company.
Many dressed in white, holding roses, signs that read “Meta profits, kids pay the price,” and framed photos of their dead children – a scene that starkly contrasted with the otherwise sunny spring day in New York City.
While each family’s story is different, the thread that holds them together is that “they’ve all been ignored by the tech companies when they tried to reach out to them and alert them to what happened to their kid,” Sarah Gardner, CEO of child safety advocacy Heat Initiative, one of the organizers of the event told TechCrunch.
One mother, Perla Mendoza, said her son died of fentanyl poisoning after taking drugs that he purchased off a dealer on Snapchat. She is one of many parents with similar stories who have filed suit against Snap, alleging the company did little to prevent illegal drug sales on the platform before or after her son’s death. She found her son’s dealer posting images advertising hundreds of pills and reported it to Snap, but she says it took the company eight months to flag his account.
“His drug dealer was selling on Facebook, too,” Mendoza told TechCrunch. “It’s all connected. He was doing the same thing on all those apps, [including] Instagram. He had multiple accounts.”
The vigil follows recent testimony from whistleblower Sarah Wynn-Williams reveals how Meta targeted 13- to 17-year-olds with ads when they were feeling down or depressed. It also comes four years after The Wall Street Journal published The Facebook Files, which show the company knew that Instagram was toxic for teen girls’ mental health despite downplaying the issue in public.

Thursday’s event organizers, which also included advocacy groups ParentsTogether Action and Design it For Us, delivered an open letter addressed to Zuckerberg with more than 10,000 signatures. The letter demands that Meta stop promoting dangerous content to kids (including sexualizing content, racism, hate speech, content promoting disordered eating, and more); prevent sexual predators and other bad actors from using Meta platforms to reach kids; provide transparent, fast resolutions to kids’ reports of problematic content or interactions.
Gardner placed the letter on a pile of rose bouquets that were placed outside Meta’s office on Wanamaker Place as protesters chanted, “Build a future where children are respected.”
Over the past year, Meta has implemented new safeguards for children and teens across Facebook and Instagram, including working with law enforcement and other tech platforms to prevent child exploitation. Meta recently introduced Teen Accounts to Instagram, Facebook, and Messenger, which limits who can contact a teen on the app and restricts the type of content the account holder can view. More recently, Instagram began using AI to find teens lying about their age to bypass safeguards.
“We know parents are concerned about their teens’ having unsafe or inappropriate experiences online,” Sophie Vogel, a Meta spokesperson, told TechCrunch. “It’s why we significantly changed the Instagram experience for teens with Teen Accounts, which were designed to address parents’ top concerns. Teen Accounts have built-in protections that limit who can contact teens and the content they see, and 94% of parents say these are helpful. We’ve also developed safety features to help prevent abuse, like warning teens when they’re chatting to someone in another country, and recently worked with Childhelp to launch a first-of-its kind online safety curriculum, helping middle schoolers recognize potential online harm and know where to go for help.”
Gardner says Meta’s actions don’t do enough to plug the gaps in safety.
For example, Gardner said, despite Meta’s stricter private messaging policies for teens, adults can still approach kids who are not in their network through post comments and ask them to approve their friend request.
“We’ve had researchers go on and sign on as a 12- or 13-year-old, and within a few minutes, they’re getting really extremist, violent, or sexualized content,” Gardner said. “So it’s clearly not working, and it’s not nearly enough.”
Gardner also noted that Meta’s recent changes to its fact-checking and content moderation policy in favor of community notes are a signal that the company is “letting go of more responsibility, not leaning in.”
Meta and its army of lobbyists also led the opposition to the Kids Online Safety Act, which failed to make it through Congress at the end of 2024. The bill had been widely expected to pass in the House of Representatives after sailing through a Senate vote, and would have imposed rules on social media to prevent the addiction and mental health harms the sites are widely agreed to cause.
“I think what [Mark Zuckerberg] needs to see, and what the point of today is, is to show that parents are really upset about this, and not just the ones who’ve lost their own kids, but other Americans who are waking up to this reality and thinking that, ‘I don’t want Mark Zuckerberg making decisions about my child’s online safety,’” Gardner said.

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Technology
Mystery will may reveal Zappos founder’s final wishes

According to the WSJ, a recently discovered will suggests late Zappos co-founder Tony Hsieh had concrete plans for his fortune despite previous beliefs that he died without leaving instructions for an estate that’s estimated to be worth $1.2 billion.
Among other things, the document, signed in 2015 and included in a recent court filing, contains a striking no-contest clause directed at Hsieh’s family: if any of his four family members challenges his wishes, all will receive nothing. The will also allocates over $50 million and several Las Vegas properties to undisclosed trusts tied to recipients he aimed to surprise.
Notably, Hsieh also earmarked $3 million for his alma mater Harvard University, the storied institution that’s currently battling with the Trump administration, which has frozen billions of dollars in federal funding and is reportedly giving Harvard’s endowment a closer look.
The will’s discovery adds another bizarre element to the already strange legal battle over Hsieh’s estate following his November 2020 death in a house fire at age 46. Hsieh reportedly crafted the will to create a “WOW factor” for beneficiaries, wanting them to “live in the wow.”

A blog which focuses on business, Networth, Technology, Entrepreneurship, Self Improvement, Celebrities, Top Lists, Travelling, Health, and lifestyle. A source that provides you with each and every top piece of information about the world. We cover various different topics.
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