FT News Briefing AI investors look beyond chips
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Dec 17, 2024 Japan's SoftBank plans a staggering $100 billion investment in the U.S., emphasizing its focus on AI technologies. As the hype around Nvidia begins to cool, investors are eager to discover the next AI front-runners. Meanwhile, Europe is stepping up with a €10.6 billion satellite deal to challenge Starlink. In Syria, Kurdish groups are concerned about their future amid a power shift, fearing potential abandonment after years of U.S. support.
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SoftBank's US Investment
- SoftBank CEO Masayoshi Son announced a $100 billion investment in the US.
- This followed other tech giants like Meta and Amazon donating to Trump's inauguration fund.
NVIDIA's Slowing Growth
- NVIDIA dominates the AI chip market, similar to "selling shovels in a gold rush".
- However, investor interest is showing signs of slowing down.
AI Investment Phases
- While NVIDIA thrives in phase one (chips), phase two (infrastructure) is underway.
- Investors are now eyeing phase three, focusing on companies that can effectively deploy AI.