Over the past few months, SoftBank (SFTBY) CEO Masayoshi Son has developed an obsession with building the next Nvidia (NVDA) with his own chips and rake in billions of dollars being sent on AI hardware, Min Jeong Lee and Ian King of Bloomberg reports, according to sources directly involved. Son’s aim is to have the first batch of AI chips by 2026, with a prototype available summer of next year, people familiar with details told Bloomberg.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFTBY:
- Italy Fines ChatGPT Maker OpenAI $15M in Illegal Data Collecting Investigation
- Foresight Autonomous unit enters agreement with SoftBank, Japanese automaker
- SoftBank Group downgraded to Hold from Buy at Jefferies
- Trump Trade: SoftBank pledges $100B investment, Trump meets with TikTok CEO
- SoftBank CEO pledges $100B investment in U.S., CNBC reports