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SoftBank CEO Masayoshi Son Aims for 'Super' AI in Fresh Investment Drive

Jun 21, 2024 1 min read

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SoftBank Group CEO Masayoshi Son has announced the company's mission to achieve artificial super intelligence (ASI), which he believes will surpass human capabilities by a factor of 10,000. Speaking at the group's annual general meeting, Son projected that this technological milestone could be reached within the next decade. The company's AI ambitions are heavily reliant on its subsidiary, Arm Holdings, whose chip designs are integral to the data center infrastructure supporting AI advancements.

In addition to this bold vision, SoftBank is also planning to invest $100 billion into AI-related chips through a project called "Izanagi." This announcement comes as the company aims to stabilize its finances following a series of unprofitable startup investments. The company's loan-to-value ratio has dropped to 8.4% as of the end of March, significantly lower than its target of 25%. Son emphasized that achieving ASI would require substantial capital and partnerships, as SoftBank alone cannot fund the entire endeavor.

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