SoftBank Plans $100 Billion AI Chip Venture to Compete with Nvidia

Masayoshi Son seeks significant funding for a new AI chip project, aiming to challenge Nvidia's dominance in the sector.

SoftBank's CEO, Masayoshi Son, is reportedly raising $100 billion for an AI chip venture, named Izanagi, to compete directly with Nvidia.
The venture plans to collaborate with Arm, in which SoftBank holds a 90% stake, potentially raising antitrust concerns.
Middle Eastern institutions are expected to contribute $70 billion of the funding, with SoftBank providing the remaining $30 billion.
The Biden administration's CHIPS Act subsidies, including $1.5 billion to GlobalFoundries and a potential $10 billion to Intel, highlight the growing focus on semiconductor manufacturing in the U.S.
OpenAI CEO Sam Altman is also seeking funding for an AI chip project, with reports suggesting a target of up to $7 trillion.