SoftBank to Dedicate $9 Billion Annually to AI Development

Japan’s technology conglomerate, SoftBank, has announced its plans to invest nearly $9 billion annually in artificial intelligence (AI). The investment will be directed towards the development of AI-specific semiconductors and the establishment of a new $100 billion AI fund named Izanagi.

Strategic Shift Towards AI Leadership

Chairman Son Jeong-ui has expressed SoftBank’s ambition to become a leader in the AI industry within the next decade. This commitment to AI signifies a strategic shift for the company, as it aims to reorient its focus towards becoming a dominant player in the AI sector. This move was initially announced in a ‘reverse offensive’ statement made last year by Chairman Son.

Investment in AI-Specific Semiconductors

As part of its AI investment, SoftBank is targeting significant advancements in AI technology, particularly in semiconductors designed specifically for AI applications. These advanced AI semiconductors will play a crucial role in the company’s bid to compete at the forefront of the AI industry.

Establishment of $100 Billion AI Fund

SoftBank has also established a new AI fund, called Izanagi, with a target of $100 billion. The company plans to hold a 30% stake in the fund and is seeking additional investments from governments in the Middle East. This fund is one of the largest AI-specific investments to date. It operates independently from SoftBank’s existing vision funds.

Enhancing Data Centers with AI Technologies

In addition to these major developments, SoftBank is also focusing on enhancing its data centers with new AI technologies developed in-house. This initiative is part of the company’s broader strategy to integrate AI into its operations and services.

Chairman Son is expected to reveal more detailed strategies regarding SoftBank’s AI ventures at the upcoming shareholders’ meeting.