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SoftBank proposes to throw trillions of dollars at building AI factory clusters across the U.S., with robots set to become a manufacturing mainstay
According to Nikkei News reported on March 28, SoftBank Group is brewing a plan to build an industrial park with artificial intelligence factories across the United States. The group may commit to invest more than 1 trillion U.S. dollars with the U.S. government (note: the current exchange rate of about 7.27 trillion yuan), the scale of which far exceeds the previously announced 500 billion U.S. dollars "Stargate" AI network infrastructure plan. In the face of labor shortages, SoftBank is committed to building clusters of robot factories equipped with AI that can operate autonomously. Masayoshi Son, chairman and president of SoftBank Group, is currently visiting the U.S. and may be about to work with the U.S. government to launch...- 608
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SoftBank CEO Masayoshi Son plans to borrow $24 billion to invest heavily in AI, sources say
On March 2, Masayoshi Son, chief executive officer of SoftBank Group, plans to borrow $16 billion (note: currently about 116.638 billion yuan) to invest in artificial intelligence, according to The Information. The company's executives conveyed the plan to the bank last week, sources said. Reports indicate that the Japanese tech investment giant may borrow a further $8 billion (currently about 58.319 billion yuan) in early 2026...- 1.3k
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From Microsoft to SoftBank, OpenAI's future 75% computing power will come from Stargate program, sources say
Feb. 23 (Bloomberg) -- Artificial intelligence company OpenAI expects to make significant changes to the source of its computing resources over the next five years, The Information reported Friday. By 2030, OpenAI expects three-quarters of its data center capacity to come from the Stargate project, which is expected to receive significant funding from SoftBank. SoftBank is also one of OpenAI's newest financial backers. The shift means that OpenAI will be significantly less dependent on Microsoft, which is currently one of the...- 2.1k
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AI Burning War: Softbank's Masayoshi Son's Highly Leveraged Financing to Pry Out $500 Billion Stargate Project
February 11 news, Bloomberg today (February 11) published a blog post, reported that SoftBank (SoftBank) Group founder Masayoshi Son in order to participate in the "Stargate" (Stargate) project, will use a complex, highly leveraged project financing model. "The Stargate program, which is designed to boost U.S. development in the AI field, was founded by OpenAI, SoftBank, Oracle and investment firm MGX, and is expected to involve a total investment of as much as $500 billion (note: currently about 3.65 trillion yuan). Reports suggest that Masayoshi Son is considering adopting...- 1.2k
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SoftBank close to completing $40 billion investment in OpenAI, surpassing Microsoft as biggest moneymaker, sources say
According to CNBC, sources say SoftBank is close to completing a $40 billion (note: currently around 291.518 billion yuan) major investment in OpenAI, with a pre-investment valuation of $260 billion (currently around 1.89 trillion yuan). SoftBank will disburse the funds over the next 12 to 24 months, meaning OpenAI's post-investment valuation is $300 billion (currently about 2.19 trillion yuan), with the first payment due as soon as spring. With this investment, SoftBank will overtake Microsoft as O...- 1.8k
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Samsung's Lee Jae-yong, OpenAI's Altman, Softbank's Masayoshi Son gather in Seoul to discuss AI collaboration
Samsung Electronics Vice Chairman Lee Jae-yong, OpenAI CEO Sam Altman and SoftBank CEO Masayoshi Son held a three-way meeting in Seoul, South Korea, on Tuesday aimed at exploring potential collaboration opportunities in the field of artificial intelligence, Thelec reports. Altman had originally planned to meet with top executives from Samsung's chip division, but decided to participate in the meeting himself as Lee Jae-yong received a not guilty verdict in an appeals court on Monday, according to sources. Masayoshi Son also decided to join the meeting after learning that Lee Jae-yong would be meeting directly with Altman. Prior to the meeting, Son spoke to Korean media... -
SoftBank to spend $3 billion a year on OpenAI technology, and the two form a joint venture
SoftBank Group and artificial intelligence research company OpenAI jointly announced on Monday that they have entered into a strategic cooperation agreement. Under the agreement, SoftBank and its subsidiaries will invest $3 billion annually to utilize OpenAI's technology. In addition, the two companies announced the formation of a joint venture called "SB OpenAI Japan," with a 50% stake each, to promote OpenAI's enterprise-level technology to large Japanese companies. The partnership will give SoftBank and its subsidiaries access to OpenAI's...- 903
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World's first: NVIDIA and SoftBank test-run "AI+5G" telecom network, claiming $5 in revenue from $1 investment
At NVIDIA AI Summit Japan 2024, NVIDIA announced a series of collaborations with SoftBank aimed at accelerating AI initiatives in Japan while unlocking billions of dollars in AI revenue opportunities for telecom providers worldwide. NVIDIA revealed that SoftBank is utilizing the NVIDIA AI Aerial Accelerated Computing Platform to successfully pilot the world's first telecom network that combines AI and 5G, stating that "this is a breakthrough in computing that opens up a potentially multi-billion-dollar AI revenue stream for telecom operators." SoftBank ...- 2.6k
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SoftBank CEO Masayoshi Son backs artificial superintelligence: Hundreds of billions of dollars being set aside for next 'big move'
Oct. 31 (Bloomberg) -- SoftBank Group CEO Masayoshi Son reiterated on Tuesday (29) his belief that artificial superintelligence (ASI) is on the horizon and that hundreds of billions of dollars will be needed to realize the vision, according to Reuters. Speaking to global business, technology and financial leaders at a conference in Riyadh, Saudi Arabia, Mr. Son said artificial superintelligence will be 10,000 times more intelligent than the human brain and is expected to be born by 2035. He is currently raising funds to prepare for the next "big step". He predicts that the infrastructure for future generative AI...- 5.6k
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The dust has settled, British AI chip company Graphcore has been acquired by SoftBank
According to Graphcore's official website, the troubled British AI chip company has been acquired by SoftBank. According to the agreement, Graphcore will become a wholly-owned subsidiary of SoftBank and continue to operate under its current name. The two parties did not disclose the specific transaction value. Graphcore was founded in Bristol, a city in southwest England in 2016, and has launched several generations of AI workload accelerators called Intelligence Processing Unit (IPU for short). Graphcore was once regarded as "…- 3.1k
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Tempus AI, a genetic testing company backed by SoftBank, is favored by Wall Street: 7 brokerages including JPMorgan Chase give buy or overweight ratings
According to Reuters today, starting from Tuesday local time, Wall Street began to be optimistic about Tempus AI, a genetic testing company supported by SoftBank. The company has an AI-driven clinical and molecular database and is believed to bring more powerful diagnostic and testing tools. Tempus AI is headquartered in Chicago, USA, and sells genomic diagnostic testing products to clinicians and hospital systems, covering oncology, psychiatry, radiology and cardiology. Seven brokerages including JPMorgan Chase, Morgan Stanley, Bank of America Global Research and Stifel gave the first...- 3.3k
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SoftBank plans to invest $10 billion in AI to focus on the energy sector
According to people familiar with the matter, Japanese technology investment giant SoftBank Group is seeking financing for an AI-related investment plan of up to $10 billion. This large-scale investment is mainly aimed at the energy sector, reflecting the profound impact of the current artificial intelligence (AI) boom on traditional industries. After nearly a year of silence, SoftBank CEO Masayoshi Son has recently become active in the public eye again. He expressed great enthusiasm for the future development of AI and elaborated on the grand plan to make SoftBank a leader in the field of AI. Masayoshi Son even boldly predicted that in the next 10 years, artificial super intelligence (ASI) that is 10,000 times smarter than humans will appear...- 1.8k
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SoftBank Group and Tempus AI Partner to Establish AI Healthcare Consortium
SoftBank Group has partnered with Tempus AI to form a new joint venture that aims to use artificial intelligence (AI) to analyze personal medical data and provide treatment recommendations. SoftBank Group CEO Masayoshi Son announced the news at a press conference in Tokyo. This is the latest move by SoftBank after announcing a series of artificial intelligence investments, marking a step-up in SoftBank's investment pace after several years of sluggish investment activity. SoftBank invested about $200 million in Tempus' G round of financing in April this year, and Tempus subsequently went public on the Nasdaq in June. Tempus…- 3.9k
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SoftBank founder Masayoshi Son: New round of investment will be dedicated to building "super artificial intelligence"
SoftBank Group founder Masayoshi Son told shareholders at his annual meeting today that he plans to usher in an era of "super artificial intelligence," according to Bloomberg. Son outlined his ambition to create artificial intelligence that is "thousands of times smarter than humans." He said Arm's chips will support an ecosystem of robots and powerful data centers that can work together to treat cancer, clean homes, and play with children. Son got emotional several times at today's meeting and said he wanted to "change the world" before he leaves the world forever. He talked about his old friend Steve Jobs, "…- 3.3k
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SoftBank announced a strategic partnership with Perplexity AI search engine: its users can try a one-year Pro subscription for free, worth 29,500 yen
Japan's SoftBank announced today that it has reached a strategic partnership with AI startup Perplexity, and will open a one-year free trial of Perplexity Pro to users of the three major brands of Softbank, Y-Mobile and LINEMO on June 19. According to reports, Perplexity Pro is a paid subscription version of the AI search engine Perplexity, which provides more professional search times, self-selected AI models, limited upload and analysis of files, etc. The one-year subscription is worth 2…- 7.6k
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SoftBank plans to invest nearly $9 billion in AI projects to further accelerate its "most radical" transformation yet
SoftBank plans to invest $9 billion (currently about 65.34 billion yuan) in AI projects to accelerate its "most radical" transformation yet, the Financial Times reported on Sunday. SoftBank is still "reserving firepower" for bigger deals, and the company's founder and CEO Masayoshi Son has been emphasizing his belief in artificial intelligence and the need to "reshape the company." In the past 12 months since Son announced that SoftBank was ready to "launch a counterattack," SoftBank's investment and commitments have more than doubled compared to previous years to $8.9 billion (currently...- 1.9k
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SoftBank plans to launch its own AI chip by 2025, investing $64 billion
SoftBank plans to launch its own AI chip in 2025 and invest $64 billion (10 billion yen) in AI chips, robots, data centers and other fields. According to the Nikkei, SoftBank's subsidiary Arm, known for its smartphone chip design, will establish its own AI chip division. Source Note: Image generated by AI, image licensing service provider Midjourney expects to launch a prototype in spring 2025 and mass-produce it by contract manufacturers. Arm will initially bear hundreds of billions of yen in development costs and receive SoftBank's...- 2.1k
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SoftBank CEO Masayoshi Son plans to raise $100 billion to establish an AI chip company
SoftBank Group founder Masayoshi Son plans to raise $100 billion (about 721 billion yuan) to set up an AI chip company, according to Bloomberg. Son hopes the company will complement ARM HOLDINGS PLC. Son named the AI chip company project "Izanagi" and he will directly lead the project. Izanagi is the god of creation and life in Japanese mythology. People familiar with the matter revealed that Son used this name in part because it contains the initials of general artificial intelligence (AGI). Project funding…- 3.7k