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SoftBank Raises $100 Billion for New AI Chip Project - ISP Today

Retrieved on: 2024-02-19 23:48:16

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Summary

SoftBank, under CEO Masayoshi Son, is developing an AI chip project, Izanagi, in collaboration with Arm Holdings to compete with Nvidia. They seek $100 billion in funding, leveraging their stake in Arm post-IPO, while OpenAI raises funds for its own AI chip advancements.

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