SoftBank plans to invest $9 billion in AI following the CEO's announcement of being on the 'counteroffensive,' doubling their previous investment to $8.9 billion in the past year, demonstrating a strategic push in AI development.
SoftBank CFO mentioned the intention to increase investments in AI companies, emphasizing the importance of maintaining a safe balance sheet for flexibility and readiness to capitalize on opportunities. Masayoshi Son projected AGI to surpass human intelligence tenfold by the end of the decade, urging to embrace AI advancements to avoid being left behind.
Tech giants like Microsoft, Amazon, and Google are actively investing in AI partnerships and startups, with Microsoft allocating over $16 billion globally, including countries like France and Germany. Amazon plans investments of $15 billion in Japan, $9 billion in Singapore, $5 billion in Mexico, and $1.3 billion in France, indicating fierce competition in the AI arena.
Collectively, Microsoft and Amazon have allocated $40+ billion for AI and data center projects worldwide this year, illustrating the extensive capital being channeled into AI development and infrastructure to stay competitive in the tech sector.
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