SoftBank Looks At Investing $1 Trillion For US AI Push With Robot-Run Industrial Parks

SoftBank Group Corp SFTBF SFTBY is eying an investment of more than $1 trillion to create industrial parks for artificial intelligence across the U.S., Bloomberg cites a Nikkei report on Friday.

Founder and CEO Masayoshi Son will likely visit the U.S. to discuss his ideas for such industrial parks.

The factories would likely use AI-equipped robots operating autonomously due to the labor crisis.

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Son tapped OpenAI and Oracle Corp ORCL in January for a $100 billion joint venture to fund AI infrastructure in the U.S/, with plans to boost that to at least $500 billion for data centers and physical campuses.

OpenAI and Oracle plan to begin filling a new data center in Texas with AI chips from NVIDIA Corp NVDA to get the first facility for their $100 billion Stargate infrastructure venture up and running.

Reportedly, SoftBank may become OpenAI's top backer, investing up to $25 billion, surpassing Microsoft's $14 billion stake. The deal could value OpenAI at $300 billion compared to its previous valuation of $157 billion in the October funding round.

SoftBank will commit an initial $7.5 billion to the company and $2.5 billion from an investor syndicate. The second tranche of $30 billion will include $22.5 billion from SoftBank and $7.5 billion from a syndicate.

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