SoftBank Seeks $100B for New AI Chip Venture to Take on Nvidia
• SoftBank CEO seeks $100B for AI chip venture to rival Nvidia • Project codenamed Izanagi, to supply semiconductors for AI • SoftBank to inject $30B, additional $70B potentially from Middle East • SoftBank already holds 90% stake in British chip designer Arm • Arm sees strong demand to complement Nvidia chips for AI