'Apollo, SoftBank Discussed A Giant Fund To Invest In Data Centers' - Semafor
Portfolio Pulse from Benzinga Newsdesk
Apollo and SoftBank discussed creating a $20 billion fund to invest in AI-related infrastructure like data centers and chip factories. Talks have cooled, but the venture could involve Arm, a SoftBank-owned chip company. SoftBank's CEO is focused on AI, aiming to compete with Nvidia.
October 22, 2024 | 4:33 pm
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NEUTRAL IMPACT
Apollo was in talks with SoftBank to create a $20 billion fund for AI infrastructure investments. Although discussions have cooled, this indicates Apollo's interest in AI sector investments.
Apollo's involvement in discussions for a large AI investment fund suggests potential future moves in the AI sector. However, since talks have cooled, the immediate impact on Apollo's stock is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Arm, majority-owned by SoftBank, could be involved in a $20 billion AI investment fund discussed by SoftBank and Apollo. This could enhance Arm's role in AI infrastructure development.
Arm's potential involvement in a large AI fund could enhance its position in AI infrastructure. However, with talks cooling, the immediate impact on Arm is neutral.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
SoftBank discussed a $20 billion AI investment fund with Apollo, aiming to compete with Nvidia. The fund could involve Arm, a SoftBank-owned company. This aligns with SoftBank's strong focus on AI.
SoftBank's discussions for a large AI fund highlight its strategic focus on AI. However, with talks cooling, the short-term impact on SoftBank's stock is neutral.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90