SoftBank: Nvidia Deal for Arm Will Drive Computing Power Growth

CIOReviewIndia Team | Friday, 23 October 2020, 12:36 IST

 SoftBank: Nvidia Deal for Arm Will Drive Computing Power Growth

SoftBank CEO Masayoshi Son, in his first public comments since the $40 billion deal was announced in September said the sale of chip designer Arm to Nvidia Corp will drive growth in computing power.  

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

Threatening Arm's role as a neutral supplier in the industry.The Nvidia deal which is a part of a series of asset sales by Son raised concerns as the group has been shaken by soured investments and the COVID-19 pandemic. 

Also, with the Vision Fund targeting external funding for a blank-check company, SoftBank's growing cash pile is driving speculation about future investment plans. 

Rajeev Misra, CEO of SoftBank Investment Advisers which oversees the Vision Fund said “The market share gained by online commerce companies in the last six to eight months is more than what they gained in the previous four years put together.”

Misra told the same conference, "COVID has accelerated the acceleration of AI even further." He added that in the same conference, adding in the 105 companies Vision Fund 1 and 2 have invested in, artificial intelligence is the core of their businesses.

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