SoftBank has announced a significant investment of $960 million to enhance its computing capabilities for generative AI development. This investment, to be completed by 2025, aims to equip SoftBank's computing facilities with advanced number-crunching power necessary for creating world-class generative AI technologies. Additionally, SoftBank plans to utilize Nvidia's graphics chips as a key component in this development. The rising demand for generative AI products is anticipated to contribute an additional $318 billion to software spending by 2032, with an annual growth rate of 71% from 2022. Key software areas expected to drive this spending include cybersecurity, drug discovery, AI assistants, and coding workflows.
🤖🇯🇵 SoftBank is going all-in, set to invest a whopping $960M to create a global-level AI, with Nvidia's graphics chips as the key player! https://t.co/G1Mkv9zHru
SoftBank is investing $960 million by 2025 to give its computing facilities the number crunching power needed to develop world-class generative AI. The Japanese telecom company also plans to buy Nvidia chips to help develop top AI models. https://t.co/QvBoPEQ8CV
SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips https://t.co/qVnO6qyq7w
Rising demand for generative-AI products is expected to add $318 billion in software spending by 2032, growing 71% a year from 2022. Cybersecurity, drug discovery, AI assistants and coding workflow are among the software categories most likely to drive the additional outlays.… https://t.co/NXX8B9Pehk
SoftBank is investing $960 million by 2025 to give its computing facilities the number crunching power needed to develop world-class generative AI. https://t.co/aHIhwraTiU
SoftBank to spend $960m to boost computing power for generative AI https://t.co/2pivjGoGxs
BREAKING: SoftBank to spend $960m to boost computing power for generative AI. https://t.co/CFdemvMq7n