SoftBank's Masayoshi Son wants to raise $100bn for a fresh AI chip venture
SoftBank Group’s Masayoshi Son is making the next move in his far-reaching artificial intelligence (AI) strategy, fundraising $100 billion for a new chip venture. The Softbank founder has long since been clear about the company’s focus on AI, with SoftBank chief financial officer Yoshimitus Goto also telling the Wall Street Journal that the company was “getting ready to go on the offensive with the AI revolution on the horizon” last year. Now, a new AI chip venture appears to be the next link in the chain. Reportedly dubbed the codename of Izanagi, the new venture would see Softbank collaborate with Arm, the chip design company that So...... Read Full article on HadNews