SoftBank goes all in on AI.
Simply months after asserting its involvement within the $500 billion Stargate AI Infrastructure venture, of which SoftBank is rumored to be fronting a cool $19 billion, the Japanese investing conglomerate is reportedly seeking to launch its largest AI venture but.
The corporate is seeking to workforce up with Taiwan Semiconductor Manufacturing Firm (TSMC) to launch a trillion-dollar industrial advanced in Arizona to construct AI and robotics, based on reporting from Bloomberg, citing sources aware of the venture.
The initiative, dubbed Venture Crystal Land, seems to nonetheless be in its very early phases. Regardless of SoftBank’s need to work with TSMC on the venture, it’s unclear what TSMC’s position could be, based on Bloomberg, or if it will be serious about becoming a member of forces with SoftBank in any respect — TSMC already has its personal AI infrastructure tasks in Arizona within the works.
SoftBank declined to remark.
