Tokyo-headquartered SoftBank is an investment holding company that invests mainly in technology companies. In 2017, it set up the SoftBank Vision Fund, which has over $100 billion in assets under management. The Vision Fund 2 was set up in 2019 to invest in artificial intelligence (AI)-driven ventures and later-stage technology companies.<\/p>\n
At the meeting, Son also expressed hopes to transform his company\u00a0into the \u201cworld\u2019s top platformer for ASI [artificial super intelligence] as he believed that it will be a winner-take-all arena. \u201cI\u2019m all in,\u201d he said.<\/p>\n
Among Softbank\u2019s AI investments are a majority stake in British chip designer Arm Holdings plc (ARM) and the purchase of\u00a0a U.K.-based AI accelerator manufacturer. The company intends to invest up to $30 billion in OpenAI, led by Sam Altman, and plans to acquire Ampere Computing.\u00a0<\/p>\n
The company is also eyeing setting up a large manufacturing hub in Arizona, similar to the one in China\u2019s Shenzhen, as part of efforts to bring high-tech manufacturing into the U.S. – a key \u2018MAGA\u2019 agenda of the Trump administration.<\/p>\n
He plans to invest up to $165 billion in the U.S. through a partnership with\u00a0foundry Taiwan Semiconductor Manufacturing Co., Ltd. (TSM).<\/p>\n
Son\u2019s succession plans come amid another major shift in the investment world: billionaire Warren Buffett has officially named Greg Abel as his successor at Berkshire Hathaway, with Abel set to take the reins from the 94-year-old legend starting next year.<\/p>\n
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