① Masayoshi Son recently stated that if his company had "unlimited money" to support the next stage of artificial intelligence... He would never sell Nvidia as an investor. ① The stock; ② Masayoshi Son explained that SoftBank sold its Nvidia holdings to raise funds for building data centers . These projects are not due to an AI investment bubble.
SoftBank Group founder Masayoshi Son recently stated that if his company had "unlimited money" to support the next phase of artificial intelligence investment—including a large bet on OpenAI—he would never sell his Nvidia stock.
This was his first public response to SoftBank's sudden disclosure in November of "clearing out its Nvidia holdings," and he also criticized claims of an " artificial intelligence (AI) investment bubble."
On Monday (December 1) local time, Masayoshi Son explained at a forum in Tokyo that SoftBank sold its Nvidia holdings simply to raise funds for projects such as building data centers .
“I don’t want to sell a single share. I just need the money to invest in OpenAI and other projects. I cried when I sold Nvidia shares.”
SoftBank has been increasing its bets on AI recently, including the Stargate data center project, the acquisition of US chip design company Ampere Computing LLC, and plans to continue investing in OpenAI.
Since September of last year, SoftBank has been heavily investing in OpenAI. In March of this year, SoftBank finalized its initial investment of $40 billion in OpenAI. In October, it signed a revised agreement with OpenAI, adding another $22.5 billion to its investment.
Last month, SoftBank sold all of its shares in Nvidia, cashing out $5.83 billion. At the time, investor skepticism about the large influx of capital into AI technology led to a significant decline in the stock prices of companies like Nvidia and SoftBank.
To those who talk about an AI investment bubble, Masayoshi Son believes "they're not smart enough." He stated that if AI can consistently contribute 10% to global GDP, even a cumulative investment of trillions of dollars would be entirely worthwhile. "How is this a bubble?" he asked.
Masayoshi Son's speech took place at the Tokyo session of a major Saudi investment summit. It is understood that SoftBank's first Vision Fund was established with $45 billion in funding from the Saudi Public Investment Fund (PIF).
Yasir Al-Rumayyan, chairman of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), said at the event that the PIF has invested approximately $11.5 billion in Japan between 2017 and 2024, and this figure is expected to increase to approximately $27 billion by the end of 2030.
(Article source: CLS)
