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The Nexus
BUSINESSJul 14 · 17:54 UTCFORTUNEThe Associated Press, Mayuko Ono

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

SoftBank CEO Masayoshi Son dismissed concerns about an AI investment bubble, estimating $5 trillion annually is needed to meet AI demand. He predicted AI will transform global industries and generate profits, citing SoftBank’s AI-driven profits and investments in companies like OpenAI.

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