SoftBank CEO Masayoshi Son backs artificial superintelligence: Hundreds of billions of dollars being set aside for next 'big move'

Oct. 31 (Bloomberg) -- According to Reuters.SoftBankGroup CEO Masayoshi SonOn Tuesday (29), he reiterated his conviction thatartificial superintelligenceASI ) is imminent and believes that realizing this vision will takeHundreds of billions of dollars invested.

SoftBank CEO Masayoshi Son backs artificial superintelligence: Hundreds of billions of dollars being set aside for next 'big move'

Speaking at a conference in Riyadh, Saudi Arabia, Masayoshi Son told global business, tech and financial leaders that the intelligence of artificial superintelligence would be the10,000 times the size of the human brain.and is expected to be born by 2035. He is currently in the process of raising funds.For the next "major action"Be prepared.

He predicts that future infrastructure for generative AI, including data centers and chips, will require a total of $900 trillion (currently about Rs. 6,425 trillion) in capital investment, and argues that NVIDIA is undervalued on the basis of its current valuation.

Masayoshi Son has long been famous for pushing emerging technologies and successfully betting on the expansion of mobile internet and e-commerce, as well as amassing a huge fortune. However, his investment performance has been mixed. Since 2017, SoftBank has been making waves in the venture capital space with the launch of its mega Vision Fund, but many of the high-growth startups in which the fund invested are now in serious valuation decline. By the end of June 2024, the funds had lost a total of $2.4 billion (currently around Rs. 17,133 million).

In July of this year, Masayoshi Son reappeared in the public eye after about a year of silence.and wants to build SoftBank into a leader in AI.

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