SoftBank’s CEO Masayoshi Son is aiming to put artificial intelligence chips into mass production with a whopping $100 billion budget. With this move, the Japanese billionaire could potentially undermine Nvidia’s dominance in the industry. Son, who has a majority stake in SoftBank, saw his wealth skyrocket with the significant increase in market value of SoftBank’s flagship venture, Arm. He plans to allocate a significant portion of this windfall to the new chip initiative. Here are the details…
Japanese billionaire is sure of himself
Known to be highly uncomfortable with Nvidia’s monopolistic tendencies in the chip sector, the Japanese billionaire could pose a significant threat to Nvidia with the new artificial intelligence chip project, codenamed Izanagi, which will be carried out under Arm’s auspices. However, it is not yet entirely clear where the necessary funding of the $100 billion venture will come from. According to initial reports, it is expected that $30 billion will come directly from SoftBank, while the remaining $70 billion will be covered by investors, especially from the Middle East region.
If this project comes to fruition, it is speculated that it will make a bigger splash than Microsoft’s OpenAI investment and will dominate half of the chip market worldwide. The massive demand for chips for the future’s most critical technology, artificial intelligence, has also whetted the appetite of technology entrepreneurs like Masayoshi Son. Son claims in every interview that one day, artificial intelligence robots will far surpass human intelligence. The project’s namesake, Izanagi, is known in Japanese culture as the god of life and creation. Whether Son will succeed or not has become a subject of curiosity in the technology sector.
What do you think about this topic? Do you think the Japanese billionaire will achieve his goal? You can easily share your opinions with us in the comments section below. Your opinions are very valuable to us.
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