Softbank CEO Masayoshi Son has been away from the public eye since November last year, and has been caught up in ChatGPT mania during his self-imposed hiatus. The AI chatbot from OpenAI, ChatGPT, has quickly become the foundation of the ongoing AI revolution.
It comes as no surprise that Son finds ChatGPT interesting, as Softbank has been moving towards a cautious offense, making AI their main focus. Softbank is heading for a better-than-expected June quarter because of the generative AI frenzy, and the investment conglomerate’s shares are up by 25% in the quarter.
Son’s withdrawal from Softbank has been felt by many, as the company’s earnings calls and day-to-day activities were synonymous with Son’s eclectic investment philosophy. However, Son recognized the need for Softbank to be defensive, deciding to focus on taking chip designer Arm Ltd. public.
During his absence from the scene, AI grew from a novelty to everyone’s favorite technology. Son admitted to using ChatGPT and conversing with OpenAI CEO Sam Altman almost everyday. Yoshimitsu Gato, SoftBank’s CFO, has been leading the company while Son has been away, stating that SoftBank will invest in anything AI-related.
With Son returning to lead the shareholder meeting, Softbank is ready to go on the offensive, and exciting AI-related announcements may follow. The generative AI frenzy has increased the hype surrounding Arm’s potential IPO. Considering the success Softbank has had with AI and their move towards a cautious offense, the future looks bright.
Frequently Asked Questions (FAQs) Related to the Above News
Who is Masayoshi Son?
Masayoshi Son is the CEO of SoftBank, an investment conglomerate.
What is ChatGPT?
ChatGPT is an AI chatbot developed by OpenAI.
Why is SoftBank interested in AI?
SoftBank has been moving towards a cautious offense, making AI their main focus. AI has become a key driver of SoftBank's business strategy.
What has been the impact of ChatGPT on SoftBank?
SoftBank's shares are up by 25% in the quarter due to the generative AI frenzy caused by ChatGPT.
What was Masayoshi Son's role in SoftBank before his hiatus?
Son was the CEO of SoftBank and was involved in the company's day-to-day activities.
Why did Son decide to take a break from SoftBank?
Son recognized the need for SoftBank to be defensive and decided to focus on taking chip designer Arm Ltd. public.
Has Son been using ChatGPT during his hiatus?
Yes, Son has admitted to using ChatGPT and conversing with OpenAI CEO Sam Altman almost every day.
Who has been leading SoftBank while Son has been away?
Yoshimitsu Gato, SoftBank's CFO, has been leading the company during Son's absence.
What is SoftBank's investment strategy related to AI?
SoftBank will invest in anything AI-related as part of their business strategy.
What can we expect from SoftBank in the future?
With Son returning to lead the shareholder meeting, Softbank is ready to go on the offensive, and exciting AI-related announcements may follow. The generative AI frenzy has increased the hype surrounding Arm's potential IPO. Considering the success Softbank has had with AI and their move towards a cautious offense, the future looks bright.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
