SoftBank CEO Says You're Too Stupid to Understand What's Going on If You Believe the AI Bubble Is Real

SoftBank CEO Says You're Too Stupid to Understand What's Going on If You Believe the AI Bubble Is Real

With hundreds of billions of dollars still flowing into the tech industry, it’s becoming harder and harder to deny the reality that the US economy is enmeshed in a financial bubble of incredible proportions. As recent polls have shown, the majority of Americans don’t only agree that there is an AI bubble, they’re increasingly concerned about it as well. One man who isn’t swayed is Japan’s richest investment mogul, SoftBank CEO Masayoshi Son. Spe…

SoftBank Group CEO says $5 trillion a year needed globally to meet AI demand

AgenciesWorries about a bubble in artificial intelligence investments are absurd, SoftBank Group’s CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes.“To ask whether AI is a bubble is a foolish question,” Son told executives at an annual company event in Tokyo. “AI will transform our lives completely, and do so in a way that generates profits.” “Those who refuse to evolve are closi…