TECH - SoftBank's Masayoshi Son Readies For 'Next Big' Investment Move After Setback From Alibaba WeWork: 'Without Fear Of...Hit Or Miss' | Benzinga
In a recent announcement, SoftBank Group Corp. (OTC:SFTBY) founder, Masayoshi Son, revealed his intent to make a significant investment in artificial intelligence (AI).
What Happened: Son’s announcement suggests that SoftBank is on the verge of a substantial AI investment. While acknowledging the venture’s potential for success or failure, Son emphasized that SoftBank had no choice but to take the risk, reported Bloomberg on Thursday.
"We need to look for our next big move, without fear of whether it'll be a hit or miss," he said.
SoftBank’s CFO, Yoshimitsu Goto, recently echoed Son’s sentiments, stressing the company’s need to take more risks, particularly in the rapidly developing field of AI.