The investment is part of a broader push by SoftBank to diversify its portfolio and expand into new technology sectors. This comes as the company seeks to position itself at the forefront of the AI industry, leveraging its resources to drive innovation and growth.
Key takeaways:
- SoftBank Group CEO Masayoshi Son is planning a 10 trillion yen ($64 billion) investment in AI chips, robotics, data centers and more.
- SoftBank Group subsidiary Arm will venture into the development of artificial intelligence chips, with plans to launch the first products next year.
- This move is part of Son's push to transform the group into a sprawling AI powerhouse.
- Other technology news include Japan, U.S. and others easing cross-border personal data transfers, Tokyo Electron expecting a 20% sales boost as AI lifts demand for chips, and Apple apologizing for iPad 'Crush' ad after backlash.