Softbank founder seeks 100 billion to build a new ai chip venture – Breaking News & Latest Updates 2026
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Chip race: Microsoft, Meta, Google, and Nvidia battle it out for AI chip supremacy

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SoftBank founder Masayoshi Son wants $100 billion for a new AI chip venture.

It’s code-named Izanagi and is designed to combat Nvidia, sources are telling Bloomberg. OpenAI’s Sam Altman had been courting Softbank and other companies to potentially bankroll a chipmaking arm already — but the Izanagi project is reportedly not connected to that.

If successful, Izanagi may become the largest investment in AI since Microsoft put a rumored $10 billion wager on OpenAI.

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