‘Those who condemn AI are themselves spitting upward’: SoftBank’s CEO estimates $5 trillion needed annually to meet AI demand

Worries about a bubble in artificial intelligence investments are absurd, SoftBank Group’s CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes.

“To ask whether AI is a bubble is a foolish question,” Son told executives at an annual company event in Tokyo. “AI will transform our lives completely, and do so in a way that generates profits.”

“Those who refuse to evolve are closing down their world. Those who condemn AI are themselves spitting upward,” Son added.

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