based on materials from the website - By Cryptopolitan_News
Despite geopolitical tensions, conflicts, and border skirmishes, SoftBank is counting on friendly relations between Japan and the U.S. as it aims to become the number one name in the fierce race for artificial superintelligence (ASI).
Masayoshi Son aims to transform SoftBank into a global leader in artificial superintelligence — a form of AI that is, at least on paper, smarter than humans — over the next decade, and he is betting on his ambitions.
The founder of SoftBank bets on ASI
Masayoshi Son announced his ambitions at the annual shareholders' meeting held in Tokyo on Friday. He also stated that only a few companies will benefit from around 600 trillion yen, equivalent to $4.155 trillion, in profits expected from ASI over the next ten years.
One of the ways he plans to ensure that his company with Japanese roots becomes one of them is by strengthening ties with OpenAI. Masayoshi said that by the end of the year, SoftBank will invest up to $32 billion in OpenAI, making it one of the largest single investments ever made in a private company.
And these investments are paying off. Back in February, both companies announced a plan to create a joint venture to provide leading corporate AI to major Japanese companies called 'Cristal intelligence.'
SoftBank's investments in OpenAI align with Masayoshi's belief in the value of the firm led by Altman. The famous CEO believes that OpenAI will eventually go public and ultimately become the most valuable company on Earth.
Masayoshi sees the listing happening in a few years.
Masayoshi Son considers it important to maintain good relations with America.
SoftBank is increasingly bold in advancing in the AI sector and recognizes America as a nutrient-rich substrate on which it can accelerate its plans.
Last July, the company acquired the British AI chipmaker Graphcore. This year, it announced the acquisition of the American semiconductor design company Ampere Computing for $6.5 billion.
Additionally, earlier this year, SoftBank partnered with OpenAI to announce a joint project called Stargate to create infrastructure for the maker of ChatGPT. Oracle, a database company, and MGX, an investor backed by the United Arab Emirates, were also named as equity partners in this venture.
The companies are investing up to $500 billion in Stargate over the next four years. Many are watching SoftBank's investment plans as Japan attempts to strike a deal with the Trump administration, which is obsessed with solving the trade deficit issue and attracting more foreign investments into the United States.
Regarding his relationship with President Trump, Son emphasized the importance of close cooperation with the U.S. administration, calling America "the world's largest center for AI and the technical epicenter of this revolution."
Son is convinced that "America is where the greatest opportunities lie," and he is fully in favor of staying in its good graces if it means his company will benefit in the long run. He must be so because he expects his $32 billion to become a profitable deal in the long term.
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