SoftBank Group CEO Masayoshi Son recently stated that the development of artificial intelligence (AI) will require an investment of $5 trillion each year by 2040. Son made this statement at SoftBank’s annual corporate conference in Tokyo, emphasizing his confidence in the viability of the business model.
AI Investment and Growth
Son’s prediction is based on his expectation that AI revenue will make up 20% of global GDP by 2040. He believes that spending $5 trillion annually will be a necessary investment to support the growth of the AI industry. SoftBank has already embarked on an expansive investment program to establish itself as a core AI platform, investing tens of billions of dollars in OpenAI, financing data centers, and investing in robotics firms.
Son dismissed concerns about a potential bubble forming around AI, stating that such talk is “absurd.” He emphasized the importance of understanding what AI is about and its potential to transform various industries. Son’s vision for the future includes a world where 100 trillion AI agents make their own decisions, take action, and communicate with other agents, marking a significant shift from a human-centric world to an agent-centric world.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
