The article discusses SoftBank CEO Masayoshi Son’s bet on artificial intelligence (AI) through the acquisition of Arm, a leading chip designer for AI systems. Son acquired Arm in 2016 for $32 billion, a move that was initially criticized as overpriced. However, with the rapid growth of AI and the increasing demand for specialized chips, Arm’s value has soared. The article suggests that Son’s AI bet could pay off by 2024, as Arm’s chips are expected to power a significant portion of AI systems. Arm’s energy-efficient chip designs are well-suited for AI applications, and the company is poised to benefit from the AI boom. The article highlights Son’s vision and willingness to make bold investments in emerging technologies like AI, which could position SoftBank as a major player in the AI industry.
Source: https://www.businessinsider.com/softbank-ceo-masayoshi-son-rewarded-ai-bet-arm-2024-5