SoftBank Group‘s (OTC: SFTBY) CEO, Masayoshi Son, brushed aside concerns about a potential bubble in artificial intelligence (AI) investments. He labelled such fears as “foolish” and “backward”.
Son made these remarks at an annual company event in Tokyo, as reported by Japan Today on Wednesday. He has been a fervent supporter of AI and has invested billions into AI-related companies, asserting that AI will revolutionize our lives while generating profits.
Despite concerns over Nvidia Corp.‘s (NASDAQ:NVDA) soaring valuation and massive AI infrastructure spending, Son remains bullish, estimating that the world will need to invest nearly $5 trillion annually in data centers, AI chips, energy systems, and related infrastructure.
Son anticipates that by 2040, roughly 20% of the world’s GDP will be replaced by AI-related industries. “Those who refuse to evolve are closing down their world. Those who condemn AI are themselves spitting upward,” he added.
Son Sees AI Dip as Buying Opportunity
In earlier conversations, Son identified humanoid and industrial robotics, “with physical AI as a core,” as the next trillion-dollar business opportunity. He also stated that the ongoing AI revolution is “50x bigger” than the dot-com boom of the 2000s.
On the other hand, some experts, including Ray Dalio and Michael Burry, warn that the AI boom may be forming a bubble similar to the dot-com era. Dalio cites soaring U.S. debt as a potential risk, while Burry has backed his concerns by taking short positions in AI leaders Nvidia and Palantir Technologies Inc. (NASDAQ: PLTR).
SoftBank CEO acknowledged that market corrections are inevitable but argued they can create attractive buying opportunities. He drew a parallel to the 1929 crash, noting that auto and electronics stocks eventually delivered decades of growth. “So there may be some correction, but that will be the best investment opportunity to me,” he added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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