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SoftBank’s Masayoshi Son is reportedly seeking $100B to build a new AI chip venture
SoftBank Group's Masayoshi Son has made no secret of his intent to double down on red-hot artificial intelligence industry. Now, he's fundraising for his
According to a report in Bloomberg, the SoftBank founder is seeking $100 billion to build a new venture that would compete with the likes of Nvidia in the area of AI chips. SoftBank has historically made a huge part of its strongest returns from its early investment and stake in Chinese e-commerce titan Alibaba, which has yielded it more than $70 billion over the years. The move into AI may have been characterized as offensive going by Goto’s comment, but it was also defensive: it came about a year after SoftBank reported a $32 billion loss in the Vision Fund, its high-profile, high-stakes effort to become a major player and kingmaker in the world of juggernaut startups.
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