Reports indicate that Masayoshi Son, the founder of SoftBank, is considering setting up a fund worth up to $100 billion to focus on investing in chip-related companies. The goal is to have companies that can compete in both the AI chip market and related supply chains, alongside NVIDIA.
The project for this fund, internally known as Izanagi, will initially see SoftBank investing $30 billion of its own money and raising an additional $70 billion from external investors. Currently, negotiations are underway with a group of investors from the Middle East.
Currently, SoftBank is the majority shareholder in chip design company Arm, which has seen great success from its IPO.
SoftBank’s venture into investing in AI chip companies reflects the perspective that key players in the industry are seeking alternatives to NVIDIA. This aligns with previous reports that Sam Altman, the CEO of OpenAI, is also seeking funding to develop projects in the AI chip industry.
Source: Bloomberg
TLDR: Masayoshi Son of SoftBank is considering creating a $100 billion fund for investing in chip-related companies, aiming to compete with NVIDIA in the AI chip industry.
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