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SoftBank founder Masayoshi Son wants $100 billion for a new AI chip venture.

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SoftBank founder Masayoshi Son wants $100 billion for a new AI chip venture.

It's code-named Izanagi and is designed to combat Nvidia, sources are telling Bloomberg. OpenAI's Sam Altman had been courting Softbank and other companies to potentially bankroll a chipmaking arm already — but the Izanagi project is reportedly not connected to that. If successful, Izanagi may become the largest investment in AI since Microsoft put a rumored $10 billion wager on OpenAI.

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SoftBank founder Masayoshi Son wants $100 billion for a new AI chip venture.

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SoftBank founder Masayoshi Son wants $100 billion for a new AI chip venture.

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