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<img width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/01/AI-3-e1706230752179.jpg" class="attachment-full size-full wp-post-image" alt="Nvidia SoftBank Sam Altman AI" decoding="async" style="float:right; margin:0 0 10px 10px;">
In a bid to establish dominance in the field of generative AI, SoftBank’s Founder and CEO, Masayoshi Son, has unveiled plans to raise an unprecedented $100 billion for his AI venture, challenging Nvidia’s position. In other words, this ambitious move represents a direct challenge to Nvidia’s supremacy in the market. 
Meanwhile, Bloomberg reports indicate that SoftBank intends to invest $30 billion of its own capital, with an additional $70 billion sought from Middle Eastern investment firms. 
<h2 id="softbank-races-for-ai-supremacy">SoftBank Races For AI Supremacy</h2> 
The substantial investment aims to strengthen SoftBank’s foothold in the AI sector and could potentially disrupt <a href="https://coingape.com/ai-giant-nvidia-outranks-amazon-as-4th-largest-us-company/" target="_blank" rel="noopener">Nvidia’s</a> market position. Notably, the proposed AI venture is expected to complement the operations of UK chip designer Arm, in which SoftBank holds a majority stake, Bloomberg <a rel="nofollow" href="https://www.bloomberg.com/news/articles/2024-02-16/masayoshi-son-seeks-to-build-a-100-billion-ai-chip-venture" target="_blank">reported</a>. 
Meanwhile, recent developments, including Nvidia’s $147.3 million investment in Arm, backed by SoftBank, have thrust the company into the spotlight, highlighting the evolving dynamics of the tech industry. 
In addition, SoftBank’s journey with <a href="https://coingape.com/chip-maker-arms-ai-revenue-poses-questions-despite-higher-valuation/" target="_blank" rel="noopener">Arm</a> has been marked by significant milestones, including its acquisition for $32 billion in 2016. However, regulatory challenges thwarted attempts to sell Arm to Nvidia for $40 billion in 2022, underscoring the complexities of high-stakes transactions in the tech sector. 
Meanwhile, Masayoshi Son’s ambitious plans to reshape the future of AI align with similar initiatives in the tech industry. On the other hand, <a href="https://coingape.com/openai-sam-altman-shift-focus-ai-chips-will-boost-crypto-market/" target="_blank" rel="noopener">Sam Altman</a>, co-founder and CEO of OpenAI, is actively pursuing funding for a transformative tech initiative aimed at enhancing global chip-building capacity. 
This project, estimated to require up to $5 trillion to $7 trillion, underscores the growing demand for cutting-edge technologies to drive AI applications forward. In addition, Altman’s emphasis on expanding GPU capabilities reflects the increasing importance of advanced chip design in AI research and development. 
Also Read: <a href="https://coingape.com/bitcoin-miners-under-pressure-to-sell-is-btc-price-retracement-below-50k-imminent/" target="_blank" rel="noopener">Bitcoin Miners Under Pressure To Sell, Is BTC Price Retracement Below $50K Imminent?</a> 
<h2 id="what-s-next-for-nvidia-amid-earnings-anticipation">What’s Next For Nvidia Amid Earnings Anticipation?</h2> 
With global chip sales surpassing $527 billion last year and projected to exceed $1 trillion annually by 2030, the race to harness the potential of AI is set to intensify. As companies like SoftBank and Nvidia vie for supremacy, the future of AI innovation hangs in the balance. 
Meanwhile, the investors are now eagerly waiting for Nvidia’s earnings, for cues on the company’s financial health. In addition, the recent earnings would shed light on how the AI boom has helped growth in the company. 
Notably, Nvidia’s Q4 FY24 earnings are slated for release next Wednesday, February 21, after market close. According to analysts’ forecasts, a significant revenue and profit surge is expected, driven by the advancement and rising demands in the <a href="https://coingape.com/glossary/artificial-intelligence/" target="_blank" rel="noopener">artificial intelligence (AI)</a> realm. 
Meanwhile, projections suggest revenue could triple to around $20.38 billion, with net income soaring to $10.4 billion and EPS hitting $4.18. Notably, Nvidia’s previous quarter saw stellar performance, fueled by data center business growth, reaching a record high of $14.51 billion. 
According to reports, the data center segment is expected to contribute $16.86 billion in Q4 revenue, marking over fourfold growth compared to the previous year. With Nvidia’s robust performance in AI and data center services, stakeholders eagerly await the upcoming earnings report, poised to reflect the company’s continued dominance in the tech sector. 
Also Read: <a href="https://coingape.com/eth-shib-blur-tops-smart-money-token-inflow-list/" target="_blank" rel="noopener">ETH, SHIB, &amp; BLUR Tops Smart Money Token Inflow List</a> 
The post <a href="https://coingape.com/nvidia-big-ai-move-faces-fierce-competition-sam-altman-softbank/">Nvidia’s Big AI Move Faces Fierce Competition From Sam Altman &amp; SoftBank</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Nvidia’s Big AI Move Faces Fierce Competition From Sam Altman & SoftBank

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