Jul. 5 at 5:15 PM
Rumour: Softbank is in discussions to find a way to secure a large volume of
$NVDA GPUs
CEO Masayoshi Son’s plan is to position SoftBank as a leader in AI tech, for which it has started discussions with banks about borrowing money to fund up to
$10B in energy-related projects driven by AI demand
Softbank could look to create a SPaC to purchase the GPUs w/ borrowed funds, and would then lease the GPUs to SoftBank, allowing the firm to keep the debt off its balance sheet.
Meanwhile, SoftBank is also looking into energy investments to address the power demands of AI data centers. Innovations in renewable energy & nuclear tech are being considered to ensure sufficient power supply for these centers.
Oddly, Son blocked SoftBank’s Vision Fund from making an investment in Paris-headquartered open-source model developer Mistral. Instead sees
$ARMH as the centerpiece of his AI ambitions