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After losses, SoftBank’s Masayoshi Son says he's ready for his next big bet
The billionaire has warned that his next big endeavor could be a big hit or a bad flop — but that SoftBank has no choice but to try.
SoftBank Group founder Masayoshi Son has declared he’s ready to swing for the fences when he makes his next big tech bet, suggesting the Japanese conglomerate is on the cusp of making a major investment in artificial intelligence. That echoes SoftBank Chief Financial Officer Yoshimitsu Goto’s recent comments about the investment firm needing to take more risk, particularly as AI development accelerates. "We need to look for our next big move, without fear of whether it’ll be a hit or miss,” Son told SoftBank shareholders gathered for the wireless operator’s annual meeting Thursday.
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