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Masayoshi Son is back in Silicon Valley—and late to the AI race

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Masayoshi Son is back in Silicon Valley—and late to the AI race

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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