- SoftBank’s Masayoshi Son signals bold comeback focused on AI.
- The company plans massive AI investments and chip ventures.
- SoftBank’s strong finances support ambitious expansion into AI infrastructure.
The phoenix rises again
SoftBank founder Masayoshi Son is poised for a comeback, signaling bold new moves on the horizon.
At a recent shareholders meeting, Son declared, “We need to look for our next big move, without fear of whether it’ll be a hit or miss.” This renewed vigor comes after a period of setbacks, hinting at SoftBank’s determination to reclaim its innovative edge.
Artificial Intelligence has become SoftBank’s North Star. The company is ramping up its renewable energy initiatives to power AI projects, particularly in the US.
Rumors swirl about potential acquisitions and a massive $100 billion AI chip venture. SoftBank-owned Arm Holdings, expected to launch its first AI chips in 2025, stands at the forefront of this AI-centric strategy.
Cash is king
Despite past investment stumbles, SoftBank’s coffers remain robust. The firm boasts $39.2 billion in cash reserves and achieved profitability in the second quarter.
This financial strength underpins Son’s ambitious plans, including reported $150 million investments in Indian data centers and industrial robotics, further cementing SoftBank’s bet on AI-related infrastructure.
To read the original article: https://www.techinasia.com/softbank-doubles-down-on-ai-eyes-british-chip-startup
