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SoftBank's Son sees India's potential to become big player in chip design
YourStory
·
8m ago
Medial
During a recent visit to India, SoftBank Group CEO Masayoshi Son expressed his belief in India's potential to become a major player in chip design due to geopolitical reasons. Son met with the founders of SoftBank's portfolio companies in India, including Paytm, OYO, Ola, Flipkart, and Unacademy, emphasizing the significance of artificial intelligence (AI) in their businesses. He urged the founders to adopt a 10-year perspective when considering AI development and highlighted that chip designing will be crucial in the AI economy. Son also discussed potential collaborations with InMobi's CEO Naveen Tewari in consumer tech and AI.
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Related News
Arm's bigger brethren? Founder of Softbank seeks $100bn war chest to build AI chip behemoth to rival Nvidia, Intel — but is it too little, too late?
Techradar
·
1y ago
Medial
Masayoshi Son, the founder of Softbank Group, is reportedly planning to launch a $100 billion AI chip company called Project Izanagi that aims to compete with industry leaders like Nvidia, Intel, and AMD. While $30 billion of funding is expected to come from Softbank, the remaining $70 billion may be sourced from Middle Eastern investors. The project will focus on artificial general intelligence (AGI), with synergies anticipated with Softbank's majority-owned chip design business, Arm. Despite potential challenges, Son is confident that AGI will become a reality within the next decade. Softbank has also been rumored to be interested in acquiring UK chip designer Graphcore.
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SoftBank stock rises on CEO’s plan for $100 billion chip project
Livemint
·
1y ago
Medial
SoftBank's stock rose as founder Masayoshi Son contemplates creating a $100 billion chip venture for AI-enabling semiconductors. The project, dubbed Izanagi, aims to compete with Nvidia and would complement SoftBank's majority-stake in Arm Holdings. Son is considering providing $30 billion, with the remaining $70 billion coming from Middle Eastern institutions. If successful, the venture would comprise roughly 20% of the global semiconductor market. SoftBank's shares have recently surged, fueled in part by Arm's success and a boost in global equity markets.
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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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‘Let’s cry together…’: Jensen Huang jokes with Masayoshi Son about SoftBank ditching Nvidia stake | Company Business News
Livemint
·
8m ago
Medial
SoftBank was previously the largest shareholder of Nvidia, according to Nvidia's CEO, Jensen Huang. He unveiled this detail during an event in Tokyo where he shared the stage with SoftBank's CEO, Masayoshi Son. Huang also praised Son for his achievements, including his role in bringing innovators like Bill Gates and Steve Jobs to Japan. The two companies plan to collaborate on building a supercomputer that utilizes Nvidia's new Blackwell design to support various AI applications in Japan.
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SoftBank Group Eyes $100 Billion Chip Venture For AI Semiconductors
OutlookIndia
·
1y ago
Medial
Japanese investment firm SoftBank Group is considering the establishment of a $100 billion chip venture to supply AI-enabling semiconductors. The project, called Izanagi, would complement SoftBank's chip design company Arm Holdings. SoftBank is expected to invest $30 billion in the venture, with an additional $70 billion coming from Middle Eastern institutions. SoftBank's shares have surged by 30% in the past 10 trading days, thanks in part to Arm's success. The company currently has ¥6.2 trillion ($41 billion) in cash and cash equivalents.
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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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It's not just Sam Altman trying to throw money at the AI chip shortage
Business Insider
·
1y ago
Medial
Tech leaders in the AI industry are facing challenges due to a lack of computing power. OpenAI's Sam Altman is seeking $7 trillion to boost microchip production, while SoftBank's Masayoshi Son aims to raise $100 billion for a chip venture. The demand for chips is driven by the need to train advanced AI models and develop artificial general intelligence. However, chip manufacturers like Nvidia and TSMC are struggling to meet the demand, leading to a shortage in supply across the tech sector. Addressing this issue requires efficient chip designs and increased manufacturing capacity.
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India bridging infra gaps to be a global manufacturing hub: Siemens executives
Economic Times
·
1y ago
Medial
India is poised to become a major player in manufacturing, with Siemens pledging support for the country's growth. The company sees India as a growth spot and believes it has the potential to become one of the top manufacturing hubs in the world. Siemens is focusing on providing smart infrastructure to Indian firms and is in talks with entities like Tata group for designing supply chains. The executives highlighted India's IT capabilities, operational technology, young workforce, and language advantage as factors attracting manufacturing investments. Siemens also emphasized the importance of artificial intelligence in driving efficiency and sustainability across industries.
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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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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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