Softbank’s Son calls AI bubble talk an ‘insult,’ delays retiring

Here is a summary of the key points of the article:

Masayoshi Son’s Commitment: Softbank Group Corp chairman and CEO Masayoshi Son has indicated he has no plans to retire soon. He emphasized the ongoing nature and potential revolutionary impact of the AI field.
AI Revolution: Son argued that the current state of AI is in its infancy and thus characterizing it as a bubble is inappropriate and dismissive of its vast potential.
Long-Term Vision: Son plans to remain at the helm for another 10 to 15 years to capitalize on the AI boom and to grow Softbank into a leading AI-powered robotics company.
Investment Strategy: Softbank has committed to investing extensively in AI, highlighted by its pledges to invest $65 billion in OpenAI and its acquisition plans for ABB Ltd’s robotics unit.
AI Advancement and Collaboration: Son stated that AI is meant to augment and collaborate with human capabilities rather than replace humans.
Future Plans: Softbank aims to establish and list an AI and robotics company called Roze in the US, with plans to do this within the coming year or shortly thereafter.
Market Goals: The company remains committed to achieving a market value of 200 trillion yen (approx. $1.2 trillion) by 2040.
Focus on Artificial Super Intelligence (ASI): Son expressed his intention to pursue ASI fully once he reaches his seventies, aiming to be the best in this field.