SoftBank to Invest $960 Million in Enhancing Computing Facilities and Developing Japanese-Language AI Model

SoftBank plans to invest $960 million over the next two years to enhance its computing facilities and develop a Japanese-language-specific generative AI model. The investment will be used to purchase advanced graphics processing units from Nvidia, making SoftBank's computing capabilities the most powerful in Japan. The move aims to position SoftBank as a key player in the generative AI space, particularly with the growing interest from international competitors. The investment could also address Japan's lack of high-performance supercomputers for developing large language models. The AI market in Japan is projected to reach $13 billion by 2030, and SoftBank's stock price has increased by around 20% this year. --- Send in a voice message: https://podcasters.spotify.com/pod/show/tonyphoang/message