tech
AI revolution is ‘50x bigger’ than the dot-com boom: SoftBank's Masayoshi Son to CNBC
The AI revolution will be 50 times bigger than the dot-com revolution in the 2000s, SoftBank CEO Masayoshi Son told CNBC Monday.
TL;DR
- SoftBank CEO Masayoshi Son estimates the AI revolution to be 50 times larger than the dot-com boom.
- SoftBank announced a 75 billion euro investment to build AI infrastructure in France, including 5 GW of data center capacity.
- Son sees AI as the biggest technological revolution mankind has experienced.
- He compares potential market corrections to historical crashes, viewing them as investment opportunities.
- SoftBank is partnering with OpenAI on the Stargate project in the US.
- OpenAI represents just over 20% of SoftBank's net asset value.
- The French investment includes building 3.1 GW of AI data centers by 2031.
- The investment in France will rely largely on project financing.
- SoftBank is partnering with Schneider Electric for an industrial production hub in Dunkirk.