SoftBank Group founder Masayoshi Son stated that if the company had unlimited funds to support its research in artificial intelligence... The next round of investment in the field, including a large bet on OpenAI, would have prevented him from selling Nvidia. The shares.
This is the first time Masayoshi Son has commented on SoftBank's unexpected disclosure in November of its divestment of Nvidia shares , and he also refuted claims of an artificial intelligence investment bubble.
He stated at a forum in Tokyo on Monday that SoftBank did so simply because it needed to raise capital for its data center project. Funding for construction and other projects.
Masayoshi Son stated, "I didn't want to sell a single share, but I needed the funds to invest in OpenAI and other projects. I sold my Nvidia stock while crying."
Masayoshi Son also stated that those who talk about an AI investment bubble are "not smart enough." He pointed out that if AI can generate 10% of global GDP in the long run, then even a cumulative investment of trillions of dollars would be entirely worthwhile. "Where is the bubble?" he asked.
(Article source: CLS)
