SoftBank stocks rise for the first time in 3 years
As a wave of global investment in artificial intelligence and chips surges in, $SoftBank Group(9984.JP$ The stock price made a historic breakthrough and surpassed the highest closing price of the company for the first time in 3 years. Japan's tech giants are attracting investors' attention, and the active investment in artificial intelligence in the telecommunications sector is particularly noteworthy. Is SoftBank a tech giant $Microsoft(MSFT.US$ Not only did they form partnerships with Perplexity AI, a start-up company, $NVIDIA(NVDA.US$ It has also received government subsidies to support the construction of data centers equipped with accelerators. Furthermore, it is SoftBank's chip division $Arm Holdings(ARM.US$ ) is working to position its architecture as an energy efficient solution for running AI devices.
According to people familiar with this matter, SoftBank plans to invest 10 million dollars to 20 million dollars in perplexity AI (Perplexity AI), which aims to counter Alphabet's Google searches using AI technology. SoftBank's investment is part of the 250 million dollar funding round for Perplexity AI, and as a result, the valuation value of Perplexity AI has tripled, making it one of the highest-rated companies in the industry.
Furthermore, this year, the SoftBank Group invested 200 million dollars in Tempos AI (Tempus AI), a start-up company that analyzes medical data using artificial intelligence and formulates better treatment plans. SoftBank plans to establish a 30 billion yen (approximately 187 million dollars) joint venture with Tempos AI to provide similar services in Japan. In a recent lecture, Masayoshi Son stated that he would like to be able to collectively analyze data on 50% of Japanese cancer patients in order to provide more accurate and precise diagnoses, and explained the rationale for supporting Tempos AI in Japan within a few years.
Exactly this Wednesday, SoftBank's stock price broke the record for the closing price set in March 2021. This is proof that not only SoftBank's business outlook, but also the strategic vision of its founder Masayoshi Son has been recognized by the market. In recent years, Mr. Son has caused controversy with his bold investments in start-ups, but SoftBank has built close relationships with major players in the AI field such as NVIDIA and OpenAI, and there is no doubt that it is strengthening its competitiveness in building global AI infrastructure.
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