SoftBank (SFTBY) plans to put Arm‘s (ARM) technology at the center of a new network of data centers to train and run AI, setting Arm on a collision course with Nvidia (NVDA) and marking a departure from its traditional business model of selling only intellectual property, The Financial Times’ Tim Bradshaw and David Keohane report. “Many people still doubt… I think Nvidia is undervalued,” Son told the Future Investment Initiative conference on Tuesday in Riyadh. “Because the future is much bigger.”
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Read More on SFTBY:
- Arm looks to cancel key Qualcomm chip design license, Bloomberg reports
- Microsoft, OpenAI partnership has started to fray, NY Times reports
- OpenAI, Microsoft negotiate how $14B investment translates to equity, WSJ says
- Klarna to sell most of its U.K. BNPL portfolio to Elliott, FT reports
- OpenAI’s research organization in ‘upheaval,’ The Information reports
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