Economy

SoftBank founder ‘cried’ about selling Nvidia stake to fund AI bets

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In a world often dominated by cold hard numbers and strategic maneuvers, it’s rare to hear about the deep emotional toll investment decisions can take on even the most seasoned titans of industry. Yet, that’s exactly what Masayoshi Son, the enigmatic founder of SoftBank, recently revealed. He admitted to shedding tears over the decision to offload his company’s massive stake in Nvidia, all to fuel his unyielding belief in the future of Artificial Intelligence.

A Tearful Goodbye to a Tech Giant

SoftBank, through its Vision Fund, was an early and significant investor in Nvidia, a company that has since become one of the most valuable chipmakers globally, driven by the very AI revolution Son champions. The sale of such a lucrative asset, especially one that has performed spectacularly, must have been excruciating. Son’s candid admission of crying highlights not just the financial weight of the decision, but perhaps a deeper connection to the companies he invests in and the vision he has for the tech landscape.

The motivation behind this painful divestment? To free up capital for an even more aggressive pivot into AI. Son has long been a vocal proponent of AI’s transformative power, viewing it not just as the next big wave, but as the fundamental shift that will redefine industries and human interaction. For him, every dollar invested in AI is an investment in the future, even if it means parting ways with a current star.

Defying the Bubble Talk: AI’s Unstoppable Rise

Beyond the emotional confession, Son also took a firm stance against the growing chorus of voices predicting an “AI investment bubble.” With valuations soaring for AI-related startups and established tech giants pouring billions into R&D, skepticism is naturally building. However, Masayoshi Son remains undeterred, dismissing such concerns with characteristic conviction.

He views the current excitement around AI not as irrational exuberance, but as a justified response to a truly paradigm-shifting technology. For Son, the potential of AI far outweighs any perceived overvaluation, and he believes that those who hesitate now, fearing a crash, will miss out on unprecedented long-term growth. His stance echoes similar sentiments expressed during the early days of the internet, where initial ‘bubble’ bursts eventually gave way to unimaginable growth and the creation of entirely new economies.

SoftBank’s Vision for an AI-Powered Future

Masayoshi Son’s personal reflections and defiant pronouncements offer a glimpse into the strategic mindset driving SoftBank’s Vision Fund. Despite past stumbles and high-profile losses, Son’s unwavering focus on AI underscores a belief that this technology will underpin the next century of innovation. The willingness to make tough, even tear-inducing, divestments to fund this vision speaks volumes about his conviction.

Whether he’s right about the absence of an AI bubble remains to be seen, but one thing is clear: Masayoshi Son is betting big, very big, on AI, and he’s not afraid to put his emotions, and SoftBank’s formidable capital, where his vision is.

Source: Original Article

AP Business SummaryBrief at 6:25 p.m. EST.

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