Latest news with #artificialsuperintelligence
Yahoo
5 hours ago
- Business
- Yahoo
SoftBank's Founder Lays Out Vision to Be No. 1 in Artificial Superintelligence
TOKYO—SoftBank's 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. It's Known as 'The List'—and It's a Secret File of AI Geniuses It's a New Era for Capital One. Amex and Chase Are in Its Sights. It's Bulletproof, Fire-Resistant and Stronger Than Steel. It's Superwood. These Funds Are Yield Magicians. How Do They Do It? The 33-Year-Old Meat Heir Feeding America's Protein Obsession Son said that in the next decade, just a handful of companies will reap the benefits from the around 600 trillion yen, equivalent to $4.155 trillion, of profit that stands to be made from ASI. A key part of Son's strategy is strengthening the Japanese technology investment company's relationship with OpenAI. SoftBank will have invested up to $32 billion in OpenAI by the end of this year, the CEO said, making it one of the largest single investments ever made in a private company. In February, the two companies announced a plan for a joint venture to provide major Japanese companies with advanced enterprise AI called 'Cristal intelligence.' 'OpenAI will eventually go public and become the most valuable company on Earth,' Son said, expecting a listing to happen in the next few years. SoftBank, which has backed high-profile tech names such as Alibaba and Arm, has been stepping up its push into AI. Last July, it acquired U.K.-based AI chip maker Graphcore, and this year it announced the acquisition of U.S. semiconductor design company Ampere Computing in a $6.5 billion deal. Earlier this year, SoftBank and OpenAI announced a joint project called Stargate to build infrastructure for the ChatGPT maker. Database company Oracle and MGX, an investor backed by the United Arab Emirates, are also equity partners in the venture. The companies have pledged to invest up to $500 billion in Stargate over the next four years. SoftBank's investment plans have come under scrutiny as Japan tries to close a deal with the Trump administration, which is looking to fill a trade gap and invite more foreign investment into the U.S. Asked by a shareholder about his relationship with President Trump, Son emphasized the importance of working closely with the U.S. administration. 'America is the world's largest AI hub and the technical epicenter of this revolution,' Son said. 'America is where the greatest opportunities lie.' News Corp, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI. Write to Megumi Fujikawa at U.S. Economy Shrugs Off Trade War and Soldiers On California Gov. Newsom Sues Fox News for Defamation Historic Rebound Sends S&P 500 to New Highs Sanctioned Steelmaker Finds a Buyer for U.S., Canada Plants I Built an AI Career Coach. I've Never Had a Better Coach. Sign in to access your portfolio
Wall Street Journal
a day 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
a day 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
a day 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
2 days 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
