Skip to content

SoftBank Targets AI Supremacy

Analyst Team trader
Updated 21 Jun 2024

Masayoshi Son, the founder of SoftBank Group (TYO: 9984), once again emphasised the company's goal to become a dominant force in the field of artificial intelligence (AI). This ambitious vision was reiterated during the 44th annual general meeting held in Tokyo. Son, known for his futuristic outlook, has set SoftBank on a course aimed at the forefront of AI technology and its applications.

In a statement that captured the imagination of attendees and stakeholders alike, Son outlined a new mission for SoftBank that goes beyond mere financial gains. The company, according to Son, is on a quest to spearhead the evolution of humanity itself through the development and realisation of what he calls ‘artificial super intelligence' (ASI).

ASI, as described by Son, represents a form of intelligence that is “10,000 times smarter than any genius”. This hyperbolic characterisation of ASI's potential intelligence underscores the immense capabilities that such advanced AI could possess. Son's vision is for ASI to far exceed human intelligence, thereby driving unprecedented progress and innovation across various sectors.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


However, Son's bold announcements did not seem to resonate with investor confidence at the meeting. In what appeared to be a paradoxical reaction to the grand vision laid out by SoftBank's leader, the company's shares took a noticeable dip. SoftBank Group's shares experienced a slump, dropping by 3.8% at one point during the event. This decline reflects the market's initial skepticism or perhaps concern about the practical implications and feasibility of Son's ASI ambition.

This scenario places SoftBank in a unique position where its futuristic outlook is challenged by market pragmatism. The company, under Son's leadership, seems undeterred by short-term market fluctuations, maintaining a steadfast focus on its long-term AI-driven strategy.

Despite the immediate negative reaction in the stock market, the unfolding narrative of SoftBank's foray into super AI will be closely watched. The global tech community, investors, and industry onlookers will be keeping an eye on how the company navigates the complex terrain of cutting-edge AI development, and whether its lofty goals can be transformed into tangible outcomes that propel both the company and humanity towards a new era of innovation and intelligence.

Searching for the Perfect Broker?

Discover our top-recommended brokers for trading stocks, forex, cryptos, and beyond. Dive in and test their capabilities with complimentary demo accounts today!

YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.