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SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips - TL;DR CNBC

SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips

Publishing timestamp: 2024-04-23 03:35:57


Summary

SoftBank plans to invest $960 million to bolster its computing facilities in preparation for developing its own generative AI model, aiming to become a strong player in the Japanese-language-specific AI space. This investment is part of a larger trend in Japan's tech industry towards AI development, with companies like Microsoft and NTT also making significant investments in cloud computing and AI infrastructure.


Sentiment: POSITIVE

Tickers: NVDA9984.T-JP6701.T-JP9432.T-JP

Keywords: nippon telegraph and telephone corpnec corpsoftbank group corpnvidia corpsoftbank corpbusiness newsjapanbreaking news: technologytechnology

Source: https://www.cnbc.com/2024/04/23/softbank-to-invest-millions-in-ai-push-tapping-nvidias-chips-nikkei.html


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