What is 'Izanagi', SoftBank founder Son's new $100B AI venture?


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SoftBank founder Masayoshi Son is working on a massive $100 billion project to develop a new artificial intelligence (AI) chip unit, called 'Izanagi.' According to Bloomberg, this ambitious venture aims to compete with NVIDIA, the current leader in the AI chip market, and help produce essential semiconductors for AI applications. SoftBank plans to contribute $30 billion, while the remaining $70 billion could come from Middle Eastern institutions.