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SoFi CEO: Merger With Palihapitiya SPAC a ‘Right Choice’

Jun.01 — SoFi Technologies Inc. CEO Anthony Noto discusses the company’s public debut following a merger with Social Capital Hedosophia Holdings Corp. V, a special-purpose acquisition company founded by venture capitalist Chamath Palihapitiya. He also shares his perspective on the rise of retail traders, competition with Robinhood Financial LLC and U.S. lawmakers’ scrutiny of banks’…

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Jun.01 — SoFi Technologies Inc. CEO Anthony Noto discusses the company’s public debut following a merger with Social Capital Hedosophia Holdings Corp. V, a special-purpose acquisition company founded by venture capitalist Chamath Palihapitiya. He also shares his perspective on the rise of retail traders, competition with Robinhood Financial LLC and U.S. lawmakers’ scrutiny of banks’ overdraft fee policies. Noto speaks to Emily Chang and Sonali Basak on “Bloomberg Technology.”

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3 Comments

3 Comments

  1. Joey Keilholz

    June 2, 2021 at 1:07 am

    The method of going public isn’t the point. This company is great.

  2. Joey Keilholz

    June 2, 2021 at 1:11 am

    “well, on that note, is there anything that concerns you?” are you kidding me? That’s not what Sofi users are doing? Why are you making everything as an opposition to Gamestop? Fuck you. It’s not your place to try to stomp on the average person or their rights.

    They aren’t competing with robinhood! Are you kidding me with this interview? He’s totally correct that they are competing with regular banks! Interviewers have a clear, disgusting bias.

    You cannot stop gamestop. You look like fools today and will be laughed at for generations to come. You have a bias to STOP REGULAR PEOPLE FROM MAKING MONEY. We already know you hate us. It’s just disgusting to see you do your owner’s bidding so transparently.

  3. Rachel Ottelé

    June 2, 2021 at 1:18 am

    Nothing to loose “What do they think they’re earning?”

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Bloomberg Technology

Dazzle Wants to Turn Your Camera Roll Into an AI Assistant

Dazzle is betting the next generation of personal AI should know more about you before you even ask a question. The startup uses photos and screenshots in a user’s camera roll to understand their interests, relationships, travel and belongings — then helps take actions, from finding a product and arranging a repair to planning activities…

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Dazzle is betting the next generation of personal AI should know more about you before you even ask a question. The startup uses photos and screenshots in a user’s camera roll to understand their interests, relationships, travel and belongings — then helps take actions, from finding a product and arranging a repair to planning activities or adding an event to a calendar. Dazzle CEO Marissa Mayer joins Ed Ludlow for more on “Bloomberg Tech.”
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Bloomberg Technology

Sequoia, Nvidia Back Mecka AI’s Robotics Push

Mecka AI has raised $60 million in Series B funding led by Sequoia Capital, with backing from Nvidia, Microsoft’s M12 and Qualcomm, as it builds technology to help robots understand and operate in the physical world. CEO and cofounder Josh Gao discusses the enormous data challenge facing robotics, how Mecka captures everything from physical interactions…

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Mecka AI has raised $60 million in Series B funding led by Sequoia Capital, with backing from Nvidia, Microsoft’s M12 and Qualcomm, as it builds technology to help robots understand and operate in the physical world. CEO and cofounder Josh Gao discusses the enormous data challenge facing robotics, how Mecka captures everything from physical interactions to force and pressure, and why scaling physical AI will require major investments across sensors, infrastructure and real-world data collection. He joins Ed Ludlow on “Bloomberg Tech.”
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BofA Sees Strong Demand for OpenAI, Anthropic IPOs

Bank of America’s JD Moriarty says public markets have the capacity to absorb massive potential IPOs from companies including OpenAI and Anthropic, pointing to SpaceX’s listing as evidence of strong institutional and retail demand for transformational technology companies. He discusses how abundant private capital has changed the traditional IPO playbook and what the pipeline could…

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Bank of America’s JD Moriarty says public markets have the capacity to absorb massive potential IPOs from companies including OpenAI and Anthropic, pointing to SpaceX’s listing as evidence of strong institutional and retail demand for transformational technology companies. He discusses how abundant private capital has changed the traditional IPO playbook and what the pipeline could mean for tech listings next year. He joins Ed Ludlow on “Bloomberg Tech.”
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