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SoftBank seeks AI investment as Masayoshi Son plans deal spree after Arm IPO
Economic Times
·
1y ago
Medial
SoftBank is reportedly seeking AI investments as CEO Masayoshi Son plans further deals following the IPO of its chip-designing arm, ARM. Son has expressed his interest in investing in AI, citing its potential to revolutionize industries. The company's Vision Fund, which has already invested in major tech companies like Uber and WeWork, could be used to fund these AI investments.
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What’s behind Masayoshi Son’s $100 billion pledge to Donald Trump
Livemint
·
7m ago
Medial
Japanese billionaire Masayoshi Son, CEO of SoftBank Group, has pledged to invest $100 billion in artificial intelligence (AI) and related technologies in the US. Speaking alongside President-elect Donald Trump, Son said the investment would create around 100,000 jobs within four years. However, it remains unclear how Son plans to fulfil the commitment, as SoftBank does not have $100 billion readily available. Son's announcement comes as he seeks to strengthen his relationship with the Trump administration, which could hold significant regulatory power over the tech sector in the coming years.
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SoftBank builds Nvidia, TSMC stakes under Masayoshi Son’s focus on AI gear - The Economic Times
Economic Times
·
3d ago
Medial
SoftBank is increasing its stakes in Nvidia and TSMC as part of its AI-focused strategy under Masayoshi Son. By acquiring roughly $3 billion in Nvidia shares and $330 million in TSMC, SoftBank aims to capitalize on AI advancements, leveraging chip designer Arm Holdings Plc at the center of this initiative. Despite challenges from earlier AI investment losses, SoftBank continues to strategize partnerships and investments, seeking a pivotal role in the AI semiconductor landscape.
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Energising talk on AI, India: Bhavish on meeting SoftBank's Son
Inshorts
·
8m ago
Medial
Ola CEO Bhavish Aggarwal took to X to share pictures with SoftBank CEO Masayoshi Son after they met in Delhi on Wednesday. "Always amazing to meet Masayoshi Son...Such an energising discussion on AI, AGI, Energy and India," he wrote. Son will also reportedly meet Prime Minister Narendra Modi during his visit.
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Masayoshi Son and Sam Altman see no end to AI demand and scaling - The Economic Times
Economic Times
·
23d ago
Medial
Masayoshi Son and Sam Altman foresee endless AI demand, necessitating expanded computing infrastructure. They believe AI advancements will create unforeseen jobs and promote robotics self-evolution. Son and Altman aim to deploy a billion AI agents within SoftBank, exploring robots building other robots. SoftBank plans a substantial investment in AI, including collaborating on the Stargate project for massive AI infrastructure. Their vision has boosted SoftBank's stock, though challenges remain.
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Masayoshi Son made $72 billion betting on Jack Ma's Alibaba. Now he wants to do it again with AI.
Business Insider
·
1y ago
Medial
Masayoshi Son, the CEO of SoftBank, made a successful bet on Alibaba, earning a staggering $72 billion gain over 23 years. However, Son has been unwinding SoftBank's stake in Alibaba recently. Now, he is turning his focus to artificial intelligence (AI), believing it will surpass human intelligence. SoftBank has made AI its main focus, with its acquisitions of chip designer Arm and the formation of the Vision Funds. While Arm has seen success, the Vision Funds have experienced mixed results, but SoftBank remains hopeful for future growth in the AI sector.
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SoftBank CEO Masayoshi Son talks up artificial super intelligence ambitions
Economic Times
·
1y ago
Medial
SoftBank Group CEO Masayoshi Son has expressed his ambition to realize artificial superintelligence, which he believes will surpass human capabilities by a factor of 10,000. Speaking at the company's annual general meeting, Son stated that SoftBank's mission is to contribute to humanity's progress through advancements in AI. He believes that artificial superintelligence could be achieved within the next decade. Son's aspirations for AI technology revolve around Arm Holdings, a subsidiary of SoftBank Group known for its chip designs used in AI-powered data centers.
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SoftBank's Masayoshi Son is seeking about $100 billion for AI chip venture
Economic Times
·
1y ago
Medial
SoftBank founder Masayoshi Son is reportedly seeking $100 billion for an ambitious chip venture called Izanagi, aimed at competing with Nvidia and supplying semiconductors for AI. SoftBank may contribute $30 billion, with the remaining funds potentially coming from Middle Eastern institutions. Son envisions building an AI chip powerhouse, complementing the chip design unit Arm Holdings. While the details of funding and development partners are yet to be finalized, the project could mark one of the largest investments in the AI space. Son has consistently emphasized the potential benefits of artificial general intelligence (AGI) in his presentations.
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SoftBank’s Son lays out vision to be No. 1 in artificial superintelligence
Livemint
·
1m ago
Medial
SoftBank Group's Chief Executive, Masayoshi Son, has declared his ambition to position the company as the top leader in artificial superintelligence (ASI) within the next decade. Speaking at the annual shareholder meeting in Tokyo, Son emphasized his commitment to ASI, a hypothetical technology surpassing human intelligence. Amid scrutiny due to investment plans, SoftBank aims to capitalize on this futuristic vision to drive innovation and leadership in artificial intelligence.
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Elon Musk reacts to SoftBank-OpenAI’s $500 billion AI project, says ‘they don’t have the money’
Economic Times
·
6m ago
Medial
Elon Musk commented on OpenAI and SoftBank’s $500 billion 'The Stargate Project,' suggesting they lack the necessary funds. The project aims to build AI infrastructure in the US with Masayoshi Son as chairman and SoftBank and OpenAI as lead partners. While SoftBank manages finances, OpenAI oversees operations. Oracle, MGX, Arm, Microsoft, Nvidia, and Oracle are involved as investors and technology partners. Construction has started in Texas, leveraging Azure and Nvidia for AGI research.
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Meet Alex Clavel, a US dealmaker behind SoftBank's investing cleanup
Economic Times
·
1y ago
Medial
Alex Clavel, the co-CEO of SoftBank Investment Advisers, is leading the company's efforts to turn around its investments. His steady-handed approach in managing and fixing troubled transactions has earned the trust of CEO Masayoshi Son. Clavel has been instrumental in SoftBank's recent successes, including the IPO of chip designer Arm Holdings and a windfall from its stake in T-Mobile. With a background as an investment banker, he faces the challenge of establishing himself as a major investor in the tech community. However, SoftBank's second Vision Fund, under Clavel's management, has taken a more conservative approach in making investments.
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