It looks like the company is going to develop its own chips for AI
The artificial intelligence market is growing at an explosive pace, and this may just be the beginning. Japanese giant SoftBank has announced that it is going to launch Project Izanagi with $100 billion in funding to disrupt the AI market.
Many details of this project have not yet been worked out, but it seems that, first of all, SoftBank is going to develop chips for accelerators for AI, that is, it will compete with the same Nvidia. Considering that Arm is owned by SoftBank, the company already has a very strong foundation for development.
While the head of OpenAI is looking for an incredible 5–7 trillion dollars, SoftBank needs an order of magnitude smaller amount. Moreover, the company is ready to invest 30 billion from its own funds, and another 70 billion, as planned, will be invested by Middle Eastern partners.
No deadlines have been announced yet, but it is clear that the project is a very long-term one.