In a shift from his previous silence, Masayoshi Son, the founder and CEO of SoftBank, took the stage at the company’s annual shareholder meeting to reaffirm his dedication to leading the way in artificial intelligence (AI). Son, known for his grand presentations, expressed his desire for SoftBank to be at the forefront of the AI revolution, reminiscent of his famous “valley of coronavirus” slide in 2020. With a touch of creativity, he kicked off the event by pondering the question, “What is mankind?” and emphasized the potential benefits of AI technology, particularly in chatbots, which have already spurred significant investment growth.
Son went on to share his vision of a future where computers are much smarter than the collective wisdom of humanity, stating that SoftBank aims to be an architect in building this future for humankind. While some industry leaders warn of the existential threats posed by AI, Son remains optimistic about SoftBank’s prospects. Despite the setbacks faced by SoftBank’s Vision Funds due to declining startup valuations, he revealed that the company had accumulated over $35 billion in cash during the defensive phase and is now prepared to invest. Furthermore, SoftBank stands to benefit from the upcoming IPO of Arm, the chip designer it owns.
In a candid moment, Son admitted to feeling empty and questioning whether the company’s efforts were enough in the past year. However, he expressed newfound excitement, claiming to be having an abundance of fun. This renewed enthusiasm indicates Son’s readiness and determination to lead SoftBank towards a brighter future.
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