SoftBank (SFTBY.US) and Intel (INTC.US) launched a $70 million AI memory project in Japan to reduce energy consumption by half.

According to the Securities Times app, in order to address the increasingly severe energy challenges in the Japanese data center market, SoftBank (SFTBY.US) and Intel (INTC.US) are jointly developing a new generation of artificial intelligence (AI) memory chips with power consumption 50% lower than current technology.