🇯🇵 SoftBank CEO Masayoshi Son has dismissed concerns about an AI bubble, calling the idea "absurd" and saying critics don't understand AI's long-term potential. Speaking at SoftBank's annual conference, Son said the world may need to spend $5 trillion (¥800 trillion) every year on AI development, arguing that by 2040, AI could account for 20% of global GDP, making such investments worthwhile. His comments come despite credit rating downgrades linked to SoftBank's massive $65 billion investment in OpenAI, which analysts say has increased the company's financial risk.
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