Son plans to raise hundreds of billions of dollars for his AI chip project to challenge Nvidia!
SoftBank is actively investing in AI-related areas and plans to raise up to $100 billion to carve up Nvidia's AI chip landscape。
SoftBank Group CEO Masayoshi Son is seeking to raise up to $100 billion for a chip project that will compete with Nvidia。
The project, code-named Izanagi, will provide chips that are critical to artificial intelligence (AI).。It is reported that SoftBank will inject $30 billion into the project, and another $70 billion may come from institutions in the Middle East.。
According to the London Stock Exchange, SoftBank now holds about 90% of Arm, a UK chip design company.。
Softbank Chief Financial Officer Yoshihiro Goto said earlier this month that Arm would soon become an integral part of artificial intelligence, and had called the chip design company "the core of the core" of the Softbank group of companies.。
SoftBank is known for its high level of confidence in startups, with unprecedented scale of investment。But after being hit by the post-epidemic plunge in market value, SoftBank has adopted a conservative strategy。When high interest rates "hit" investors' resilience to risk, SoftBank chose to refocus on earnings。
SoftBank returned to profit for the first time in five quarters earlier this month, helped by an upturn in its portfolio companies.。
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