Masayoshi Son Makes Big Bet on AI Chip Company, Plans to Invest $100 Billion in New AI Chip Venture
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SoftBank Group founder Masayoshi Son has reportedly announced plans to raise up to $100 billion (approximately 721 billion yuan) to establish a new AI chip company.
It is reported that this highly anticipated AI chip company will be named "Izanagi," a name derived from the Japanese mythological god of creation and life. Insiders reveal that Son chose this name not only for its profound mythological background but also because "Izanagi" cleverly incorporates the initials of Artificial General Intelligence (AGI), symbolizing the company's commitment to ushering in a new era of AI technology.
Masayoshi Son's belief and enthusiasm for AGI have been long-standing. Over the years, he has repeatedly predicted the advent of AGI in various speeches, firmly believing that a world with machines smarter than humans will be safer, healthier, and happier. Now, as he plans to establish an AI chip company, this vision seems to be gradually becoming a reality. It is worth mentioning that ARM, the UK-based chip design company under SoftBank, successfully listed on the NASDAQ exchange last year, raising $4.87 billion (approximately 35.113 billion RMB). At the time of ARM's listing, Masayoshi Son once again expressed his firm belief in artificial intelligence and positioned ARM as a core beneficiary of the AI revolution.