AI investment juggernaut gains momentum unleashed by the Mangs. Incredulous Limited Partners and VCs sit on US$ 311 Billion dry gunpowder.

AI investment has become a high stake All In play. Mang’s- A group of Silicon Valley investors invested US$ 23 billion in AI in 2023. The Mangs collectively generated US$ 276 billion and spent US$ 108 billion on capex in 2023. They shall be one of the largest AI investors in 2024. Silicon Valley, Limited Partners, and VCs have US$ 311 billion uninvested, and seem to be reflecting the way ahead. You are right. Mang’s is the acronym for Microsoft, Amazon, Nvidia, and Google!

The unstoppable Masayoshi Son wants to make a $100 Billion AI Chip Venture!

SoftBank has a $41 billion cash pile and finances helped by Arm and US$ 7.5 Billion from T- Mobile windfall. Code-named Izanagi after the Japanese god of creation, the AI Chip will compete with Nvidia. The venture will complement the chip design unit of Arm Holdings Plc. SoftBank would provide $30 billion, with $70 billion coming from the Middle East.

Son said, “ AGI is what every AI expert is after, but when you ask them about a detailed definition, a number, the timing, how much computing power, how much smarter AGI is there than the human intelligence, most of them don’t have an answer. I have my own answer; I am convinced AGI will be ready in 10 years”.

OpenAI’s Sam Altman and Son’ Izanagi are not cooperating on this deal.

Laggard,  Apple Inc., races to add artificial intelligence capabilities to step up competition with Microsoft Corp. and others.

The company has been working on the tool Xcode—the move into generative AI and large language models.

Spotlight is being overhauled to include LLMs to answer more complex questions and the ability to tap deeper into apps to launch specific functions. In January, Samsung Electronics Co. launched a new Galaxy S24 smartphone with an AI chip that weaves in Google AI features. Apple is under pressure to offer better features in next iPhone and iPad. Apple is also investing heavily in integrating AI into its health features.

Trivia

YCombinator, a Silicon Valley incubator, has launched an Accelerator Program inviting investments in AI-powered robotics, space, defense, and foundation models for biological systems among twenty interest areas.

Reddit, valued at US$ 5 Billion pre IPO on AI content licensing deal

Lambda that provides AI training services  has been valued at US$ 1.5 Billion