Banking
Softbank’s Masayoshi Son plans $100bn AI chip venture
The project would dwarf Microsoft’s bet on OpenAI and rival market leader Nvidia
SoftBank founder Masayoshi Son’s plans to create a $100 billion chip venture to supply AI-enabling semiconductors.
The news has sent the group’s shares higher as investors watch for a potentially lucrative challanger to Nvidia.
The project, code-named Izanagi, is aimed at building an AI chip venture that would complement Arm Holdings, the chip design company in which SoftBank holds a majority stake.
In one scenario Son is considering, SoftBank would provide $30 billion, with $70 ...