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SoftBank aims to become leading 'artificial super intelligence' platform provider
TOKYO, June 27 (Reuters) - SoftBank Group (9984.T), opens new tab CEO Masayoshi Son said on Friday that he wants the investment group to become the biggest platform provider for "artificial super intelligence" within the next 10 years. "We want to become the organiser of the industry in the
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SoftBank CEO says he's 'all in' on OpenAI, reveals he's long wanted Microsoft's spot as main backer
Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024. SoftBank CEO Masayoshi Son used a shareholders' meeting on Friday to discuss the company's conviction in OpenAI and the coming era of "artificial superintelligence." Over the past year,
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SoftBank's Masayoshi Son Sets Sights On Artificial Super Intelligence Domination With Bets On OpenAI And Ampere: 'I'm All In' - Alibaba Gr Hldgs (NYSE:BABA), Amazon.com (NASDAQ:AMZN)
On Friday, SoftBank Group SFTBF SFTBY CEO Masayoshi Son said that he plans to position the company as the leading platform provider in the artificial super intelligence (ASI) sector within the next decade, aiming to rival major tech firms like Microsoft Corp. MSFT, Amazon.com, Inc. AMZN and
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SoftBank aims to become leading 'artificial super intelligence' platform provider
TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider for "artificial super intelligence" within the next 10 years. "We want to become the organiser of the industry in the artificial super
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SoftBank CEO Masayoshi Son announces plans to become the leading platform provider for 'artificial super intelligence' within a decade, with a focus on OpenAI investments and strategic acquisitions.
SoftBank Group, under the leadership of CEO Masayoshi Son, has unveiled an ambitious plan to become the dominant platform provider for "artificial super intelligence" (ASI) within the next decade. At the company's annual shareholder meeting, Son expressed his vision to position SoftBank as a key player in the emerging ASI industry, drawing parallels to tech giants like Microsoft, Amazon, and Google
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.Source: Market Screener
Central to SoftBank's strategy is its substantial investment in OpenAI, the company behind ChatGPT. Son revealed that SoftBank's total agreed investment in OpenAI has reached a staggering $32 billion since autumn 2024, with the potential to increase to $40 billion
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. This move represents a significant bet on the future of AI, with Son stating, "I'm all in on OpenAI"1
.Son expressed regret for not investing in OpenAI earlier, revealing that he had the opportunity to invest $10 billion before 2019 but lost out to Microsoft
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. Despite this setback, Son remains optimistic about OpenAI's future, predicting that it will eventually go public and become "the most valuable company in the world"2
.SoftBank's AI-focused strategy extends beyond OpenAI. The company has made other significant moves in the tech sector, including:
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Son describes artificial super intelligence as AI technology capable of exceeding human capabilities by a factor of 10,000
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. This ambitious goal aligns with SoftBank's history of making bold, sometimes controversial investments, such as its early bet on Alibaba and its ill-fated investment in WeWork1
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Source: Benzinga
SoftBank's aggressive push into the AI sector comes at a time of intense competition among tech giants. The company aims to rival established players like Microsoft, Amazon, and Google in the AI platform space
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. However, SoftBank faces challenges, including its past decision to sell its 5% stake in NVIDIA in 2019, missing out on the subsequent AI boom that propelled NVIDIA to become a global leader in AI chips3
.Despite past setbacks, SoftBank's recent successes, such as raising $5 billion from chip designer Arm's IPO in September 2023, have bolstered the group's assets and borrowing capacity
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. Son emphasized SoftBank's commitment to prudent investment while maintaining the financial resources and user base necessary to take calculated risks4
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Source: CNBC
As SoftBank positions itself at the forefront of the ASI revolution, the tech industry watches closely to see if Son's bold vision and massive investments will pay off in the rapidly evolving landscape of artificial intelligence.
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