SoftBank's Masayoshi Son and Sam Altman jointly attended the Tokyo event, will Japanese AI also rise up to catch up?

SoftBank Group founder Masayoshi Son and OpenAI CEO Sam Altman jointly attended the event titled ‘Transforming Business with Artificial Intelligence’ in Tokyo on Monday (2/3). According to reports, the two companies will seek support from hundreds of Japanese companies to build data centers, power plants, and other hardware to support artificial intelligence. Son and Altman plan to meet with Japanese Prime Minister Shigeru Ishiba later in the day.

SoftBank is fully committed to AI

SoftBank has been making frequent moves in the field of AI recently. Masayoshi Son has criticized Japanese companies in the past for not adopting artificial intelligence quickly enough, and he said that people who refuse to use AI will eventually be like goldfish, unable to process information such as language. He has repeatedly stated that Japan missed the initial wave of internet development and cannot afford to lose another thirty years.

SoftBank, OpenAI, and Oracle’s leaders recently collaborated to establish Stargate. Masayoshi Son said that SoftBank plans to invest $50 billion in the development of AI technology over the next four years.

(With the support of the Trump administration, SoftBank, OpenAI, and Oracle have established Stargate to ensure US leadership in AI)

SoftBank’s stock price fell 1.72% on Monday morning in Tokyo. Concerns over the feasibility and financial impact of the Stargate (Stargate) caused a sharp widening of SoftBank’s credit default swap (CDS), a credit risk measurement standard. According to Bloomberg, as of 8:50 a.m., the company 5