SoftBank plans to invest nearly $9 billion in AI projects to further accelerate its "most radical" transformation yet

According to a report by the Financial Times on Sunday local time,SoftBankPlan to AI Projectsinvest 9 billion US dollars (currently approximately RMB 65.34 billion) to accelerate its "most radical" transformation process to date.

SoftBank plans to invest nearly $9 billion in AI projects to further accelerate its "most radical" transformation yet

SoftBank is reportedly still "reserve firepower" for bigger deals, and the company's founder and CEO Masayoshi Son has repeatedly stressed his belief in artificial intelligence and the need to "reshape the company."In the 12 months since Son announced that SoftBank was ready to "go on the offensive," SoftBank's investments and commitments have more than doubled compared to previous years., reaching US$8.9 billion (currently about RMB 64.614 billion). SoftBank said it is willing to maintain or even exceed this amount if there is a suitable super-large transaction.

Son believes artificial intelligence will be the source of future growth, and he is trying to reshape SoftBank and its risk-taking Vision Funds to continue to play a role in what he sees as the next stage of humanity.

According to IT Home, Masayoshi Son said in October last year that he believed that general artificial intelligence (AGI) would be achieved within 10 years. He believed thatGenerative AI such as ChatGPT is developing rapidly, and AGI is believed to be 10 times smarter than all human intelligence combined..

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