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News on Medial
SoftBank trades above record-high close in win for Masayoshi Son
Economic Times
·
1y ago
Medial
SoftBank Group Corp. shares have reached their highest closing price in three years, driven by a global surge in AI and chip investment. The Japanese tech investor is gaining attention for its telecom arm's aggressive investment in generative AI, partnering with Microsoft and startup Perplexity AI. SoftBank's chip unit, Arm Holdings, is also placing emphasis on energy conservation in AI devices. The company's close ties with Nvidia and OpenAI have strengthened its position in the AI infrastructure race. SoftBank shares, which have had a volatile history, experienced a plunge in 2021 due to various factors including investments in troubled startups.
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Energising talk on AI, India: Bhavish on meeting SoftBank's Son
Inshorts
·
7m ago
Medial
Ola CEO Bhavish Aggarwal took to X to share pictures with SoftBank CEO Masayoshi Son after they met in Delhi on Wednesday. "Always amazing to meet Masayoshi Son...Such an energising discussion on AI, AGI, Energy and India," he wrote. Son will also reportedly meet Prime Minister Narendra Modi during his visit.
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Was unsure of investing in Ola, CEO Son lives in future: Ex-Softbank exec
Inshorts
·
9m ago
Medial
Former Softbank executive Alok Sama said he was unsure about the group's investment in Ola in 2014, but billionaire CEO Masayoshi Son "had higher order of thinking". "Son lives in the future and in the future world, nobody owns cars...[Then] what would be the margins for a company like Ola?" he said. SoftBank valued Ola at $400 million in 2014.
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Masayoshi Son is back in Silicon Valley—and late to the AI race
Livemint
·
7m ago
Medial
Masayoshi Son, the Japanese technology mogul behind SoftBank Group, has had a tumultuous career marked by both incredible successes and notable failures. Despite losing billions during the dotcom bubble, SoftBank went on to report record-breaking profits in 2021, only to experience a massive loss the following year. Son has been hailed as both a genius and "dumb money." Recently, he has shifted his focus towards artificial intelligence (AI), investing in firms like OpenAI, Wayve, and Perplexity. However, some critics argue that Son may be late to the AI race and his past misjudgments and lack of political awareness raise concerns about his future success. Additionally, SoftBank's heavy reliance on borrowed money and overpaying for investments have led to skepticism from investors.
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Masayoshi Son and Sam Altman see no end to AI demand and scaling - The Economic Times
Economic Times
·
11h ago
Medial
Masayoshi Son and Sam Altman foresee endless AI demand, necessitating expanded computing infrastructure. They believe AI advancements will create unforeseen jobs and promote robotics self-evolution. Son and Altman aim to deploy a billion AI agents within SoftBank, exploring robots building other robots. SoftBank plans a substantial investment in AI, including collaborating on the Stargate project for massive AI infrastructure. Their vision has boosted SoftBank's stock, though challenges remain.
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SoftBank’s Son lays out vision to be No. 1 in artificial superintelligence
Livemint
·
19d ago
Medial
SoftBank Group's Chief Executive, Masayoshi Son, has declared his ambition to position the company as the top leader in artificial superintelligence (ASI) within the next decade. Speaking at the annual shareholder meeting in Tokyo, Son emphasized his commitment to ASI, a hypothetical technology surpassing human intelligence. Amid scrutiny due to investment plans, SoftBank aims to capitalize on this futuristic vision to drive innovation and leadership in artificial intelligence.
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Alok Sama on the smear campaign against him at SoftBank, and working with Masa
Livemint
·
10m ago
Medial
In his book, 'Money Trap: Grand Fortunes and Lost Illusions Inside the Tech Bubble', former SoftBank executive Alok Sama discusses the smear campaign against him and Nikesh Arora, two senior executives at the company. Sama shares his emotions and experiences during this time, stating that he does not believe the record needs to be set straight. The book also delves into SoftBank's investments, including the Arm Holdings deal and the company's focus on artificial super intelligence and the chip industry. Sama hopes SoftBank founder Masayoshi Son will read the book and like it.
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Masayoshi Son made $72 billion betting on Jack Ma's Alibaba. Now he wants to do it again with AI.
Business Insider
·
1y ago
Medial
Masayoshi Son, the CEO of SoftBank, made a successful bet on Alibaba, earning a staggering $72 billion gain over 23 years. However, Son has been unwinding SoftBank's stake in Alibaba recently. Now, he is turning his focus to artificial intelligence (AI), believing it will surpass human intelligence. SoftBank has made AI its main focus, with its acquisitions of chip designer Arm and the formation of the Vision Funds. While Arm has seen success, the Vision Funds have experienced mixed results, but SoftBank remains hopeful for future growth in the AI sector.
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SoftBank's Masayoshi Son is seeking about $100 billion for AI chip venture
Economic Times
·
1y ago
Medial
SoftBank founder Masayoshi Son is reportedly seeking $100 billion for an ambitious chip venture called Izanagi, aimed at competing with Nvidia and supplying semiconductors for AI. SoftBank may contribute $30 billion, with the remaining funds potentially coming from Middle Eastern institutions. Son envisions building an AI chip powerhouse, complementing the chip design unit Arm Holdings. While the details of funding and development partners are yet to be finalized, the project could mark one of the largest investments in the AI space. Son has consistently emphasized the potential benefits of artificial general intelligence (AGI) in his presentations.
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What’s behind Masayoshi Son’s $100 billion pledge to Donald Trump
Livemint
·
7m ago
Medial
Japanese billionaire Masayoshi Son, CEO of SoftBank Group, has pledged to invest $100 billion in artificial intelligence (AI) and related technologies in the US. Speaking alongside President-elect Donald Trump, Son said the investment would create around 100,000 jobs within four years. However, it remains unclear how Son plans to fulfil the commitment, as SoftBank does not have $100 billion readily available. Son's announcement comes as he seeks to strengthen his relationship with the Trump administration, which could hold significant regulatory power over the tech sector in the coming years.
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SoftBank CEO Masayoshi Son talks up artificial super intelligence ambitions
Economic Times
·
1y ago
Medial
SoftBank Group CEO Masayoshi Son has expressed his ambition to realize artificial superintelligence, which he believes will surpass human capabilities by a factor of 10,000. Speaking at the company's annual general meeting, Son stated that SoftBank's mission is to contribute to humanity's progress through advancements in AI. He believes that artificial superintelligence could be achieved within the next decade. Son's aspirations for AI technology revolve around Arm Holdings, a subsidiary of SoftBank Group known for its chip designs used in AI-powered data centers.
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