SoftBank Launches $100 Billion AI Chip Venture to Rival Nvidia

Masayoshi Son, CEO of SoftBank, aims to raise $100 billion for Project Izanagi, targeting the semiconductor market to enhance AI capabilities and compete with industry leaders like Nvidia.

SoftBank's Project Izanagi seeks to raise $100 billion, with $30 billion of its own capital, aiming to compete in the AI chip market against Nvidia.
The venture will leverage SoftBank's ownership of chip design firm ARM, potentially giving it a competitive edge in the semiconductor industry.
Masayoshi Son's vision for Project Izanagi includes contributing to the development of artificial general intelligence, foreseeing machines surpassing human intelligence within a decade.
The initiative is seen as a significant move as SoftBank scales back startup investments, focusing on creating an AI chip powerhouse.
Project Izanagi's success could mark one of the largest investments in the AI sector, potentially challenging established firms like TSMC and Samsung Foundry.