AIFortuneabout 2 hours ago
SoftBank CEO: $5 trillion yearly needed for AI
2 min read
SoftBank Group CEO Masayoshi Son called AI investment bubble fears foolish at a Tokyo company event. Son estimated nearly $5 trillion in annual global investment is needed for AI data centers, chip production, and energy infrastructure. SoftBank reported a five-fold profit increase to 5 trillion yen ($32 billion) and has invested $34.6 billion in OpenAI.
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