SoftBank CEO: This company will become the most valuable in the world

SoftBank CEO Masayoshi Son confirmed on Friday the Japanese tech giant’s commitment to fully invest in OpenAI as it seeks to realize its vision of “super-intelligence.”

This year, the Japanese multinational company has increased its investments in OpenAI and participated in joint ventures such as the $500 billion Stargate project.

According to CNBC, Son noted that SoftBank is currently focusing all its efforts on the AI ​​company, with planned investments totaling approximately $33.2 billion, despite it being unlisted and unprofitable.

“I believe OpenAI will eventually go public, and I believe it will become the most valuable company in the world,” Son said, warning that investing in such a company requires courage.

Son revealed during the shareholders’ meeting that he had long held this view. He said that before 2019, OpenAI CEO Sam Altman asked him if SoftBank would invest $10 billion in the company. “I said, ‘Yes, I would.’ I was serious because I had financial resources thanks to the performance of the Vision Fund,” he said. “But obviously Sam talked to other potential investors, and they ultimately chose Microsoft.”