SoftBank pushing $10 billion to AI market

The next phase of SoftBank CEO Masayoshi Son’s plan to make the company a leader in artificial intelligence is coming into focus. And it is complicated—and potentially costly.

SoftBank has recently talked with banks about borrowing money to fund investment of up to $10 billion in energy-related projects, where AI is driving an enormous increase in demand, according to a person with direct knowledge of the discussions. SoftBank also is exploring ways to gain access to a large volume of Nvidia’s graphics processing units, which are critical for AI development, the person said.

Read more – https://www.theinformation.com/articles/softbanks-10-billion-plus-plan-to-get-into-the-ai-race-centers-on-power-and-chips

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