From Nasdaq Inc.:

SoftBank CEO Masayoshi Son aims to raise up to $100 billion for new chip venture, Izanagi, challenging Nvidia. The project will supply AI essential semiconductors. SoftBank returned to profit for the first time in five quarters earlier this month. The Japanese tech investment firm was buoyed by an upturn in portfolio companies. For more information, contact Pritam Biswas at [email protected].



Read more: SoftBank’s Son is seeking about $100 bln for AI chip venture, Bloomberg reports