“Masayoshi Son of SoftBank Aims for $100 Billion to Launch Revolutionary AI Chip Enterprise”

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Nvidia currently dominates the AI chip market with its GPU chips. OpenAI chief Sam Altman is reportedly also in talks with investors in the United Arab Emirates to raise an eye-watering $5 trillion to $7 trillion for a new AI chip project. Altman has reportedly met with a number of potential investors, chip industry experts and others across the globe, including SoftBank’s Son, for the new AI chip initiative. Shift focus (from Alibaba) to AIA new chip project would be line with the company’s new focus on AI. Shares of SoftBank closed 2.8% higher on Monday after Son’s AI chip project news broke on Saturday.