For weeks, we’ve heard rumors that Nvidia has been in talks to acquire Arm from Softbank. The latest acquisition price is more than $40 billion, according to a Wall Street Journal report based on unnamed sources.
SoftBank took Arm private in 2016 for $32 billion. At the time, SoftBank CEO Masayoshi Son said he was preparing for the Singularity, a day when AI collectively becomes more intelligent than human beings. But SoftBank has run into a cash crunch after losing billions of dollars due to the pandemic and bad bets on Uber and WeWork.

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