SoftBank’s CEO, Masayoshi Son, recently revealed that he experienced a profound moment of introspection last year, leading him to shed tears over the realization that his dream of becoming an architect would never come to fruition. During the company’s annual meeting in Tokyo, Son shared his emotional journey with shareholders, confessing that the emptiness he felt was overwhelming. The tears flowed continuously for days after he was questioned about his entrepreneurial achievements back in October.
However, Son has since turned his attention to a new ambition: becoming an architect for the future of humanity. To assist him in this endeavor, he has been relying heavily on ChatGPT, an AI chatbot developed by OpenAI. Son claims to have utilized the chatbot on a daily basis for the past eight months, using it as a brainstorming tool for over 600 inventions for SoftBank. In fact, he recalls one instance where he engaged in a lengthy conversation with ChatGPT from 3 am to 4 am and was delighted by the chatbot’s positive reception of his ideas after some initial objections.
Son’s determination to bring his inventions to life is evident through his establishment of five offices dedicated to filing patents for these creations. Though the nature of these inventions remains undisclosed, it is uncertain if they are AI-powered. The Post has reached out to SoftBank for clarification.
During his presentation at the Tokyo meeting, Son acknowledged his regret over significant mistakes, specifically referring to the Vision Fund’s investment focus on artificial intelligence in response to an investor’s question. In 2019, the Vision Fund suffered a colossal loss of $8.9 billion, its first quarterly loss in 14 years, attributed to Son’s strategy of investing heavily in cash-burning startups. SoftBank responded by suspending new investments and utilizing the majority of its shares in Alibaba for financing purposes.
Despite facing these setbacks, SoftBank holds a substantial cash reserve of over $35 billion. However, the company recorded a net loss of $6.9 billion for the fiscal year ending in March. Son, however, defended the Vision Fund losses during the Tokyo meeting, expressing confidence in the several successful ventures out of the 500 companies SoftBank had invested in.
Now, after years of preparation, SoftBank is ready to take the offensive in the field of artificial intelligence. Son displayed enthusiasm for these efforts, praising OpenAI CEO Sam Altman and emphasizing the need for regulatory frameworks when working with generative AI. To bolster its AI endeavors, SoftBank has focused on developing Arm, a technology designed to accelerate the creation of new innovations, particularly in the realm of AI and augmented reality.
Son’s ultimate goal is to transform his inventions into reality, leveraging Arm’s potential and his own creative ideas. He envisions a remarkable opportunity with this merging of resources. As Son proclaimed during the Tokyo meeting, SoftBank is finally ready to move past its defensive stance and forge ahead into a future shaped by artificial intelligence.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
