Latest news with #artificialsuperintelligence
Wall Street Journal
4 hours ago
- Business
- Wall Street Journal
SoftBank's Son Lays Out Vision to Be No. 1 in Artificial Superintelligence
TOKYO—SoftBank's 9984 2.54%increase; green up pointing triangle founder wants to make his company the world leader in artificial superintelligence—a hypothetical form of AI that is smarter than humans—within the next 10 years. 'I am betting all in on the world of ASI,' SoftBank Group Chief Executive Masayoshi Son said at an annual shareholder meeting held in Tokyo on Friday.
Malay Mail
9 hours ago
- Business
- Malay Mail
SoftBank goes all in on AI, chasing ‘super intelligence' platform dominance
TOKYO, June 27 — 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 intelligence era,' Son told shareholders at the group's annual shareholder meeting. Son likened his aim to the position of dominant technology platform providers such as Microsoft, Amazon and Alphabet's Google, which benefit from a 'winner takes all' dynamic. At previous public appearances Son has described artificial super intelligence as AI technology that is able to exceed human capabilities by a factor of 10,000. SoftBank has returned to making the aggressive investments that made Son's name, such as an early bet on Alibaba, but that at times spectacularly backfired, like its massive investment in failed shared office provider WeWork. Its AI-related deals this year include acquiring US semiconductor designer Ampere for US$6.5 billion (RM27.5 billion) and the underwriting of up to US$40 billion of new investment in ChatGPT maker OpenAI. Son said SoftBank's total agreed investment in OpenAI now stood at US$32 billion since first investing in Autumn 2024 and that he regretted not investing earlier. He also said he expected OpenAI to eventually list publicly. 'I'm all in on OpenAI,' Son said. SoftBank had owned around 5 per cent of Nvidia until it sold the stake in 2019, before ChatGPT generated a surge in AI interest at the end of 2022. Nvidia now dominates AI chipmaking and has become one of the world's most valuable companies. Son's latest spending spree follows years of retrenchment after the high-growth tech startups into which SoftBank had invested billions of dollars through its Vision Fund investment vehicles crashed in value from 2022. Fortunes changed again when SoftBank raised some US$5 billion listing chip designer Arm in September 2023. The rise in the British firm's share price since has boosted the group's assets, against which SoftBank can take out debt to fund new investment. Son said SoftBank was committed to prudent investment and that, throughout the peaks and troughs, SoftBank has maintained the financial resources and user base such that it can take risks at times. Earlier in June it raised US$4.8 billion from the sale of some shares in T-Mobile. — Reuters
Zawya
9 hours ago
- Business
- Zawya
SoftBank aims to become leading 'artificial super intelligence' platform provider
TOKYO - 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 intelligence era," Son told shareholders at the group's annual shareholder meeting. Son likened his aim to the position of dominant technology platform providers such as Microsoft, Amazon and Alphabet's Google, which benefit from a "winner takes all" dynamic. At previous public appearances Son has described artificial super intelligence as AI technology that is able to exceed human capabilities by a factor of 10,000. SoftBank has returned to making the aggressive investments that made Son's name, such as an early bet on Alibaba, but that at times spectacularly backfired, like its massive investment in failed shared office provider WeWork. Its AI-related deals this year include acquiring U.S. semiconductor designer Ampere for $6.5 billion and the underwriting of up to $40 billion of new investment in ChatGPT maker OpenAI. Son said SoftBank's total agreed investment in OpenAI now stood at $32 billion since first investing in Autumn 2024 and that he regretted not investing earlier. He also said he expected OpenAI to eventually list publicly. "I'm all in on OpenAI," Son said. SoftBank had owned around 5% of Nvidia until it sold the stake in 2019, before ChatGPT generated a surge in AI interest at the end of 2022. Nvidia now dominates AI chipmaking and has become one of the world's most valuable companies. Son's latest spending spree follows years of retrenchment after the high-growth tech startups into which SoftBank had invested billions of dollars through its Vision Fund investment vehicles crashed in value from 2022. Fortunes changed again when SoftBank raised some $5 billion listing chip designer Arm in September 2023. The rise in the British firm's share price since has boosted the group's assets, against which SoftBank can take out debt to fund new investment. Son said SoftBank was committed to prudent investment and that, throughout the peaks and troughs, SoftBank has maintained the financial resources and user base such that it can take risks at times. Earlier in June it raised $4.8 billion from the sale of some shares in T-Mobile. (Reporting by Anton Bridge; Editing by Muralikumar Anantharaman and Christopher Cushing)
Yahoo
10 hours ago
- Business
- Yahoo
SoftBank aims to become leading 'artificial super intelligence' platform provider
By Anton Bridge 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 intelligence era," Son told shareholders at the group's annual shareholder meeting. Son likened his aim to the position of dominant technology platform providers such as Microsoft, Amazon and Alphabet's Google, which benefit from a "winner takes all" dynamic. At previous public appearances Son has described artificial super intelligence as AI technology that is able to exceed human capabilities by a factor of 10,000. SoftBank has returned to making the aggressive investments that made Son's name, such as an early bet on Alibaba, but that at times spectacularly backfired, like its massive investment in failed shared office provider WeWork. Its AI-related deals this year include acquiring U.S. semiconductor designer Ampere for $6.5 billion and the underwriting of up to $40 billion of new investment in ChatGPT maker OpenAI. Son said SoftBank's total agreed investment in OpenAI now stood at $32 billion since first investing in Autumn 2024 and that he regretted not investing earlier. He also said he expected OpenAI to eventually list publicly. "I'm all in on OpenAI," Son said. SoftBank had owned around 5% of Nvidia until it sold the stake in 2019, before ChatGPT generated a surge in AI interest at the end of 2022. Nvidia now dominates AI chipmaking and has become one of the world's most valuable companies. Son's latest spending spree follows years of retrenchment after the high-growth tech startups into which SoftBank had invested billions of dollars through its Vision Fund investment vehicles crashed in value from 2022. Fortunes changed again when SoftBank raised some $5 billion listing chip designer Arm in September 2023. The rise in the British firm's share price since has boosted the group's assets, against which SoftBank can take out debt to fund new investment. Son said SoftBank was committed to prudent investment and that, throughout the peaks and troughs, SoftBank has maintained the financial resources and user base such that it can take risks at times. Earlier in June it raised $4.8 billion from the sale of some shares in T-Mobile. Sign in to access your portfolio
Reuters
10 hours ago
- Business
- Reuters
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 artificial super intelligence era," Son told shareholders at the group's annual shareholder meeting. Son likened his aim to the position of dominant technology platform providers such as Microsoft (MSFT.O), opens new tab, Amazon (AMZN.O), opens new tab and Alphabet's (GOOGL.O), opens new tab Google, who benefit from a "winner takes all" dynamic. At previous public appearances Son has described artificial super intelligence as exceeding human capabilities by a factor of 10,000. The technology investment group has returned to making the aggressive investments that made Son's name and fortune, such as an early bet on Alibaba ( opens new tab, but at times spectacularly backfired, like failed shared office provider WeWork. SoftBank's mammoth investments related to artificial intelligence in 2025 include acquiring U.S. semiconductor design company Ampere for $6.5 billion and the underwriting of up to $40 billion of new investment in ChatGPT maker OpenAI. Son said Softbank's total agreed investment in OpenAI now stood at $32 billion and that he expected OpenAI to eventually list publicly. "I'm all in on OpenAI," Son said.
