SoftBank May Pledge $1 Trillion for AI Effort in US, Nikkei Says
(Bloomberg) -- SoftBank Group Corp. plans to create industrial parks for artificial intelligence across the US and is considering an investment of more than $1 trillion, Nikkei reported.
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Founder and Chief Executive Officer Masayoshi Son is expected to visit the US to discuss his ideas for such industrial parks, the newspaper said. The factories would likely use AI-equipped robots that would operate autonomously because of labor shortages in the country, according to the report.
Son teamed up with OpenAI and Oracle Corp. in January to unveil a $100 billion joint venture to fund AI infrastructure in the US, one of the first such pledges after Donald Trump became president. They said at the time they would deploy $100 billion immediately with the goal of increasing that to at least $500 billion for data centers and physical campuses.
Story Link: SoftBank Mulls Building AI Industrial Parks in the US: Nikkei
The companies said at the time that the initial equity would come from the three companies and Abu Dhabi state investor MGX, with a buildout of the first computing system starting in Texas.
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