SoftBank's Son: Nvidia deal for Arm will drive computing power growth


SoftBank Group Corp CEO Masayoshi Son said on Oct 22 that the sale of chip designer Arm to Nvidia Corp will drive growth in computing power. — AFP

TOKYO/DUBAI: SoftBank Group Corp CEO Masayoshi Son said on Oct 22 that the sale of chip designer Arm to Nvidia Corp will drive growth in computing power, in his first public comments since the US$40bil (RM165.85bil) deal was announced in September.

Son made the comments at a virtual summit about artificial intelligence hosted by Saudi Arabia, an anchor investor in the US$100bil (RM415bil) Vision Fund, at which he reiterated his belief that AI would transform society.

The Nvidia deal, part of a series of asset sales by Son, whose group has been shaken by soured investments and the Covid-19 pandemic, has raised concerns it will threaten Arm's role as a neutral supplier in the industry.

Son is set to speak next week with Nvidia CEO Jensen Huang at SoftBank World, the group's annual event for customers and suppliers that is being retooled as it focuses on investing.

SoftBank's growing cash pile is driving speculation about future investment plans, with the Vision Fund targeting external funding for a blank-check company, a source said, in a sign the group is regaining its mojo.

"I am a risk taker," Son said on Oct 22. – Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Tech News

Calls for Uber safety probe after spate of Australia rider deaths
Police: Hong Kong juveniles becoming victims of child pornography, sex crimes amid pandemic
Victims lament real-world violence fuelled by social media
S.Korean delivery workers say coronavirus boom means relentless toil
China calls launch a success as robotic spacecraft heads to moon
Amazon warehouse workers in Alabama petition to form a union
Bug results in Twitter Fleets remaining visible after 24 hours
PayPal CEO sees staff working from home more often after virus
Elon Musk overtakes Bill Gates to grab world’s second-richest ranking
Apple security head charged with offering bribe for gun licenses

Stories You'll Enjoy