Posted 2/19/2024, 12:03:05 PM
SoftBank's Son Eyes $100B AI Chip Venture to Take on NVIDIA
- Masayoshi Son, SoftBank founder, looking to set up $100B AI chip project called Izanagi to compete with NVIDIA
- Aims to complement Arm Holdings, in which SoftBank owns a majority stake
- SoftBank considering investing $30B, with remaining funds from Middle East investors
- Son sees AI as opportunity for Arm to rival top US tech giants
- Comes as SoftBank sits on $41B cash pile amid rebounding equity prices after defense mode for losses