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SoftBank's Son Pitches $1 Trillion Arizona AI Hub

1 month 2 weeks ago
An anonymous reader quotes a report from Reuters: SoftBank Group founder Masayoshi Son is envisaging setting up a $1 trillion industrial complex in Arizona that will build robots and artificial intelligence, Bloomberg News reported on Friday, citing people familiar with the matter. Son is seeking to team up with Taiwan Semiconductor Manufacturing Co for the project, which is aimed at bringing back high-end tech manufacturing to the U.S. and to create a version of China's vast manufacturing hub of Shenzhen, the report said. SoftBank officials have spoken with U.S. federal and state government officials to discuss possible tax breaks for companies building factories or otherwise investing in the industrial park, including talks with U.S. Secretary of Commerce Howard Lutnick, the report said. SoftBank is keen to have TSMC involved in the project, codenamed Project Crystal Land, but it is not clear in what capacity, the report said. It is also not clear the Taiwanese company would be interested, it said. TSMC is already building chipmaking factories in the U.S. with a planned investment of $165 billion. Son is also sounding out interest among tech companies including Samsung Electronics, the report said. The plans are preliminary and feasibility depends on support from the Trump administration and state officials, it said. A commitment of $1 trillion would be double that of the $500 billion "Stargate" project which seeks to build out data centre capacity across the U.S., with funding from SoftBank, OpenAI and Oracle.

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Sunken Superyacht of UK Tech Tycoon Mike Lynch Recovered Near Sicily

1 month 2 weeks ago
The superyacht Bayesian, owned by UK tech tycoon Mike Lynch, has been recovered off the coast of Sicily nearly a year after it sank during a storm, killing Lynch, his daughter, and five others. Italian authorities hope the $30 million salvage will uncover the cause of the sinking, which is under investigation for suspected manslaughter amid concerns about design flaws and storm vulnerability. The Guardian reports: The white top and blue hull of the 56-meter (184ft) vessel emerged from the depths of the sea in a holding area of a yellow floating crane barge, as salvage crews readied it to be hauled ashore for further investigation. The Italian coastguard said the recovery was scheduled to begin on Saturday morning. A spokesperson for TMC Maritime, which is conducting the recovery operation, said the vessel had been slowly raised from the seabed, 50 meters (165ft) down, over the past three days to allow the steel lifting straps, slings and harnesses to be secured under the keel. The operation -- which has cost approximately $30 million -- was made easier after the vessel's 72-meter mast was detached using a remote-controlled cutting tool and placed on the seabed on Tuesday. The vessel will be transported to the port of Termini Imerese, where investigators are expected to examine it as part of an inquiry into the cause of the sinking. [...] The salvage operation was very complex, and was temporarily suspended in mid-May after Rob Cornelis Maria Huijben, a 39-year-old Dutch diver, died during underwater work. The British-based consultancy TMC Marine, which oversaw a consortium of salvage specialists undertaking the project, said the hull would be lifted on to a specially manufactured steel cradle on the quayside once it had been transported to Termini Imerese. Investigators hope the yacht will yield vital clues to the causes of the sinking. A forensic examination of the hull will seek to determine whether one of the hatches remained open and whether the keel was improperly raised.

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