Jack Ma, the iconic founder of Chinese e-commerce giant Alibaba, is leaving the board of SoftBank amid record losses and a massive buyback program to prop up its shares. The resignation caps one of the most successful investments in venture capital history. SoftBank founder Masayoshi Son invested $20 million in Alibaba nearly 20 years ago, a stake now worth around $120 billion– more than...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
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