Submission + - SoftBank's Son Seeks to Build a $100 Billion AI Chip Venture (reuters.com)
The Japanese group already holds about a 90% stake in British chip designer Arm, per LSEG. SoftBank is known for its tech investments with high conviction bets on startups at an unheard of scale. But it had adopted a defensive strategy after being hit by plummeting valuations in the aftermath of the pandemic, when higher interest rates eroded investor appetite for risk. It returned to profit for the first time in five quarters earlier this month, as the Japanese tech investment firm was buoyed by an upturn in portfolio companies.