According to insiders, Japan's SoftBank Group recently negotiated with multiple banks and plans to invest up to $10 billion in energy-related projects. SoftBank founder Masayoshi Son previously stated last month that the group will primarily expand its power generation business in the United States to provide electricity for global AI generation projects.
On July 5th, Cailian Press reported that Japanese technology giant SoftBank Group recently held negotiations with multiple banks and plans to invest up to $10 billion in energy-related projects.
The rapid technological progress of generative artificial intelligence has driven the growth of data center investment and stimulated the demand for energy by technology companies. Perhaps, the end of the AI revolution will be an electrical revolution.
According to a report from a person familiar with the matter cited by the media on Thursday, July 4th, SoftBank Group may obtain funds for its power-related investments through bank loans and financing from other investors.
Last month, SoftBank founder Masayoshi Son said at a shareholders' meeting that the group will mainly expand its power generation business in the United States to provide electricity for generative artificial intelligence projects worldwide.
It is understood that SB Energy, supported by SoftBank Group, is currently developing and operating renewable energy power generation business across the United States. However, Son stated that he will continue to look for investment opportunities overseas to find the new wave of evolutionary "seeds".
In addition to borrowing from banks, SoftBank's latest discussion is also about establishing a special-purpose company to explore ways to access the large number of GPUs from NVIDIA. These graphics processors from NVIDIA are crucial for the development of AI. It is estimated that NVIDIA currently controls 70% to 95% of the AI chip market used for training and deploying models such as OpenAI GPT.
Sun Zhengyi previously emphasized that he will do his best to create a "super- AI era." "it may or may not succeed, but SoftBank has no choice but to try."
He also boasted, "Building a super AI is what I was born to do... no matter in what form, I will pursue a super AI."
It is worth mentioning that on Thursday of this week, SoftBank Group's stock price closed at JPY 11,190, up 1.47% and hitting a new closing high. On Friday, the stock closed at JPY 11,225, setting another record high.
