Masayoshi Son Says SoftBank to Shift to ‘Offense’ in Investments … – Bloomberg
SoftBank Group Corp. founder Masayoshi Son declared in an emotional meeting with investors that he will go back on the offensive in tech investing soon, seeking to establish his credentials in the burgeoning field of artificial intelligence.
The billionaire is ending years of dormancy after his Vision Fund, the world’s largest pool of tech capital, racked up billions of dollars of losses as a Covid-era internet boom withered and a global economic downturn sapped valuations.
“Since October, I’ve been asking myself how many years I have left,” the 65-year-old chief executive told shareholders at an annual meeting. “There were times when I felt so empty. ‘Is this enough? Is this it?’ I cried and cried and couldn’t stop crying for days.”
Son, who made one of the most lucrative bets in startup investing history when he financed Jack Ma and Alibaba Group Holding Ltd., seeks to leave a legacy comparable to that of Apple Inc.’s Steve Jobs. The Vision Fund, launched in 2017, was a chance…
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source: https://news.oneseocompany.com/2023/06/21/masayoshi-son-says-softbank-to-shift-to-offense-in-investments-bloomberg_2023062146441.html
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