SoftBank’s Masayoshi Son is seeking about $100 billion for AI chip venture

SoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion to bankroll a chip venture to compete with Nvidia Corp. and supply semiconductors essential for AI, according to people with knowledge of the matter.

Code-named Izanagi, the project marks the billionaire’s next big endeavor as SoftBank sharply curtails startup investments.