Asia Tech Wire (July 5) -- Japan's SoftBank has negotiated with banks for up to $10 billion in AI-related financing, according to The Information.

Masayoshi Son, the founder of SoftBank, plans to position the company as a leader in artificial intelligence (AI) technology and intends to increase investment in AI infrastructure.

As part of its AI efforts, SoftBank has recently negotiated with banks for financing up to $10 billion.

One of the plans includes a large acquisition of Nvidia's graphics processing units (GPUs), which are critical for AI development.

Nvidia currently controls an estimated 70% to 95% of the AI chip market for training and deploying models such as the OpenAI GPT.

Additionally, to meet the power needs of AI data centers, SoftBank intends to seek investments in energy-related projects, including innovations in renewable energy and nuclear technology.