SoftBank commits to being AI leader

 

SoftBank founder and chief executive Masayoshi Son committed publicly that his company would become a leader in AI technology.  At the company's annual shareholder meeting, Son said that the company would move toward focusing on AI to get it out of its months-long financial slide. "We are ready to shift to 'offense mode,'" Son said. "I want SoftBank to lead the AI revolution." He claimed SoftBank will fit in "as an architect to build the future of humankind." The company's Vision Funds have lost countless amounts in recent months, stemming from the decimation of start-up valuations. Son claimed that SoftBank amassed more than $35B in cash while in "defense mode" and that the company is ready to invest it.