During a video conference at SoftBank World, Masayoshi Son and Sam Altman discussed the growing interest in artificial intelligence (AI) and its implementation in business processes. They emphasized that advancements in AI could create new job opportunities.
Discussion on the Future of Artificial Intelligence
Son and Altman engaged in a discussion where Altman highlighted that lowering AI costs could significantly increase its usage. He stated, 'If we can make AI ten times cheaper, people will want to use it thirty times more.' This conversation took place in front of Japanese entrepreneurs and industry leaders, with self-propagating innovation being the main topic.
Son's Investments and Plans
Masayoshi Son announced plans to invest approximately $30 billion in OpenAI, conditional on adjustments to their operations. He also stated his target to deploy at least one billion AI agents in his company. Additionally, SoftBank and OpenAI will establish a joint venture with equal ownership.
Market Reaction to Son's Announcement
SoftBank shares rose by 38%, marking the largest increase since 2005. The market responded positively to Son's strategic plans; however, some analysts noted that the company's stock is still trading below its net worth due to a complex funding structure.
The discussion between Son and Altman underscores the importance of advancing AI technologies and integrating them into business, alongside the growing interest from investors. SoftBank's strategic initiatives may lead to significant changes in the AI market.
