SoftBank CEO Masayoshi Son plans to raise $100 billion to establish an AI chip company

SoftBank CEO Masayoshi Son plans to raise $100 billion to establish an AI chip company

According to Bloomberg,SoftBankFounderMasayoshi SonPlans to raise $100 billion (about 721 billion yuan) to establish an AI chip company. Son hopes the company will complement ARM HOLDINGS PLC.

Sun Zhengyi named this artificial intelligence chip enterprise project "Izanagi”, who is directly leading the project. Izanagi is the god of creation and life in Japanese mythology. People familiar with the matter said that Masayoshi Son chose this name in part because it includes general artificial intelligence (AI).AGI)'s first letters.

In terms of project funding, one option currently under consideration is:SoftBank will provide US$30 billion (currently approximately RMB 216.3 billion) in funds, and another US$70 billion (currently approximately RMB 504.7 billion) in funds may come from institutions in the Middle East.But details on where the funding for the project will come from and where the future funds will be spent have yet to be determined.

According to previous reports by IT Home, Masayoshi Son is quite optimistic about the development of AI and claims that he is a "heavy user" of ChatGPT and communicates with ChatGPT "almost every day."

Last October, Son said he believed general artificial intelligence (AGI) would be achieved within 10 years.AGI stands for "AI that surpasses human intelligence in almost all areas".

ARM, a British chip design company under SoftBank, landed on the Nasdaq last year and raised $4.87 billion (currently about RMB 35.113 billion). Just as ARM went public, Masayoshi Son once again stated that he is a "loyal believer" in artificial intelligence and that ARM is the "core" beneficiary of the artificial intelligence revolution.

At the shareholders' meeting on June 21 last year, Son showed a slide titled "Evolution Speed," which showed a chart of human evolution. From the birth of mankind to the agricultural revolution, the curve was completely flat, and it was not until the transition from the industrial revolution to the information revolution that the curve rose slightly. He said at the time that in the next few years, due to the development of artificial intelligence, the curve will rise sharply, with a slope close to a vertical line.

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