💸 SoftBank Reports $23 Billion Quarterly Loss

Plus: Can a city be redesigned for the new world of work? Google sues Sonos over smart speaker and voice control tech. And more…

Aug 8, 2022

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SoftBank Reports $23 Billion Quarterly Loss as Tech Downturn Hits. Japanese technology investor SoftBank Group Corp. on Monday reported a loss of more than $23 billion in the three months to June after its Vision Fund investments suffered from the global selloff in technology shares. SoftBank reported… (Megumi Fujikawa / Wall Street Journal)

Megumi Fujikawa @megumifujikawa

Japanese technology investor SoftBank reported a loss of more than $23 billion after its Vision Fund investments suffered from the global selloff in tech shares wsj.com/articles/softb… via @WSJ

wsj.comSoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn HitsThe Japanese technology investor suffered losses after holdings such as Uber and DoorDash lost value.

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Can a city be redesigned for the new world of work? Post-pandemic there is an opportunity to reimagine our urban areas as spaces alive both day and night, at work and at play Receive free Future of work updates We'll send you a myFT Daily Digest email rounding up the latest Future of work news every… (Edwin Heathcote / Financial Times)

FT Work & Careers @ftworkcareers

Post-pandemic, how might we reimagine our urban areas? The FT's @edwinheathcote explores the possibilities

on.ft.comSubscribe to read | Financial TimesNews, analysis and comment from the Financial Times, the worldʼs leading global business publication

Google sues Sonos over smart speaker and voice control tech. Google is striking back at Sonos with a pair of lawsuits alleging that the wireless speaker company is infringing on a number of its patents around smart speakers and voice control technology. It's the latest volley in a back-and-forth battle over… (Jacob Kastrenakes / The Verge)

The Verge @verge

Google sues Sonos over smart speaker and voice control tech theverge.com/2022/8/8/23293…

Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall. Microsoft, Sony and Nintendo each reported a fall in quarterly video game sales. The main reason? People are spending less time playing and more time going out. Gaming was one of the main beneficiaries of the Covid pandemic. With lockdowns lifting… (Ryan Browne / CNBC)

Ryan Browne @Ryan_Browne_

Quarterly earnings are in from the giants of the video game world. And it's not looking pretty. Microsoft, Sony and Nintendo each reported a slump in game sales in Q2. The main reason? People are spending less time playing games and more time going out.

cnbc.comVideo game giants had a miserable second quarter as the pandemic gaming boom hits a wallMicrosoft, Sony and Nintendo each reported a fall in quarterly video game sales. The main reason? People are spending less time playing and more time going out.

Baidu to operate fully driverless commercial robotaxi in Wuhan and Chongqing. Chinese internet giant Baidu has secured permits to offer a fully driverless commercial robotaxi service, with no human driver present, in Chongqing and Wuhan via the company's autonomous ride-hailing unit, Apollo Go. Baidu's wins in Wuhan and… (Rebecca Bellan / TechCrunch)