Japanese technology conglomerate SoftBank has reported significant losses for the quarter, but its CEO, Masayoshi Son, remains optimistic about the company's future prospects, particularly in the field of artificial intelligence (AI).
SoftBank has invested heavily in AI research and development, including a significant stake in OpenAI, the company behind the popular ChatGPT chatbot. Son believes that AI will play a crucial role in driving future growth and innovation, and is committed to continuing SoftBank's investments in this area.
Despite the current losses, SoftBank's shares rose following the announcement, as investors appear to be buying into Son's vision for the company's AI-driven future. The company's commitment to AI research and development is seen as a key factor in its long-term growth prospects.
