Founder Masayoshi Son Is Seeking To Raise $100 Billion For A New AI Chip Venture, Code-Name 'Izanagi'

Famous investor Maysayoshi Son plans to tap investors in the Middle East for ~$70 billion for the new chip project according to Bloomberg.

With SoftBank providing the remaining $30 billion.

This venture, which will aim to rival $NVIDIA (NVDA.US)$ , come just weeks after reports that OpenAI Founder Sam Altman was also seeking to raise funds ($5 - $7 trillion...) for an AI chip buildout from the Middle East.

It's also worth noting that Softbank owns 90% of chip designer Arm, which throws up obvious synergies.

The bigger picture:

Despite the frenzy around enterprise and consumer AI applications & products - it's becoming increasingly clear that the build out of the infrastructure will be where a lot of the value will be created & accrued.

And will require SIGNIFICANT capital.

With the Middle East playing a huge role on the financing side.

The key takeaway:

The AI chip infrastructure build out is a significant trend that looks likely to dominate over the next decade.