TECH - Nvidia Chips To Power Softbank's Near $1B AI Investment: Report | Benzinga
Japanese tech giant SoftBank Group Corp (OTC:SFTBY) has announced its plans to invest a significant sum in the development of an advanced artificial intelligence (AI) model, leveraging NVIDIA Corp (NASDAQ:NVDA) chips.
What Happened: SoftBank is set to invest a whopping $960 million over the next two years to create a cutting-edge Japanese-language-specific generative AI model and enhance its computing facilities, as reported by Nikkei on Monday.
These large language models (LLM) necessitate advanced graphics processing units, which SoftBank intends to acquire from Nvidia, the report stated, citing anonymous sources.
The investment, totaling 150 billion yen ($960 million), will be allocated between 2024 and 2025. This sum is in addition to the 20 billion yen that SoftBank spent on computing infrastructure last year.
Once the investment is completed, SoftBank is expected to possess the most powerful computing capabilities in Japan, potentially making it the largest investment of its kind by any Japanese company.
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