SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips [MSNBC.com]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: MSNBC.com
In this articleSignage at a SoftBank Corp. store in the Ginza district of Tokyo, Japan, on Wednesday, Nov. 1, 2023.Kiyoshi Ota | Bloomberg | Getty ImagesJapanese tech conglomerateNikkei reportTraining of large language models (LLM), such as OpenAI's Chat GPT, requires advanced graphics processing units, which SoftBank plans to purchase from U.S. chip giantNvidiaThe investment of 150 billion yen ($960 million) will be spent in 2024 and 2025 and adds to 20 billion yen that SoftBank spent on computing infrastructure last year, the report said.The latest investment is believed to be the largest of its kind by any Japanese company, and when completed, will likely give SoftBank the most powerful computing capabilities in the country, Nikkei added.According to another report fromNikkei Asiadespite increased interest in the techSoftBank's reported investments could change this and give Japan a strong domestic player in its generative AI space at a time when international players are trying to
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