SoftBank Targets $100B for New AI Infrastructure and Buyout Fund
SoftBank Group CEO Masayoshi Son is in active negotiations with Middle Eastern investors to raise $100 billion for a massive new artificial intelligence venture. The proposed fund will focus on acquiring AI-integrated businesses and financing the global infrastructure required for artificial superintelligence (ASI), which Son predicts will arrive by 2035.
Apple has scheduled an event for October 13 that will focus on advancements in smart home technology, particularly updates to the HomePod, and a second event set for October 27 is expected to showcase new updates to the MacBook Pro, iPad Mini, and iMac, alongside the debut of the much-awaited M6 chip.
Amazon in Talks to Acquire Decart AI Startup for ~$7 Billion
President Donald Trump hosted tech executives to sign a voluntary safety pact governing the industry's largest 'Super Intelligence' models.
Did you know?
SoftBank CEO Masayoshi Son estimates that the total global infrastructure required for generative AI will cost approximately $900 trillion.
Quiz
Which French AI company recently launched 'Mistral Large 4' as an open-weight rival to proprietary models?