Masayoshi Son Seeks to Build a $100 Billion AI Chip Venture.

SoftBank founder Masayoshi Son is seeking $100 billion to fund a chip venture that would compete with Nvidia and supply semiconductors for AI. The project, codenamed Izanagi, aims to create a company that can complement chip design unit Arm Holdings and establish an AI chip powerhouse. SoftBank would provide $30 billion, with the remaining $70 billion potentially coming from Middle Eastern institutions. The details of funding and technology development are still being worked out, and it is uncertain which companies will play a central role in challenging Nvidia. [Extracted from the article]

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