SoftBank Plans to Commit $9 Billion to AI Projects
SFTBYSoftBank(SFTBY) pymnts.com·2024-05-27 05:21

Japan’s SoftBank is reportedly planning to invest nearly 9billioninartificialintelligence(AI).Thetechcompany’soutlayforinvestmentsandcommitmentshasmorethandoubledto9 billion in artificial intelligence (AI). The tech company’s outlay for investments and commitments has more than doubled to 8.9 billion in the 12 months since its CEO said the company was ready to go on the “counteroffensive,” the Financial Times (FT) reported Sunday (May 26). “We will, in principle, be keeping the same kind of trend in terms of the pace of investment activities,” SoftBank’s chief financial officer Yoshimitsu Goto told FT. “From n ...