Bloomberg

Softbank Group Corp chairman and chief executive officer Masayoshi Son brushed aside concerns about an artificial intelligence (AI) bubble, saying that such a characterization is inappropriate for a revolution that’s only just begun. He vowed to remain at the helm of his investment group much longer to capitalize on the AI boom.The Japanese founder said that, even at age 68, he remains eager to accelerate the global adoption of AI and build Softbank into one of the world’s preeminent AI-powered robotics companies. For this, he would remain in his post for another 10 or 15 years, he said during an annual shareholder meeting in Tokyo yesterday.“The AI revolution has only just begun. For an industry that is still at such an early stage, calling it a bubble is an insult,” he said. “I don’t have time to retire,” he added, referencing Softbank’s pursuit of what he sees as fundamental long-term technologies.

Masayoshi Son, chairman and chief executive officer of Softbank Group Corp, speaks during the company’s annual general meeting in Tokyo yesterday. Son said he plans to hold on to the top spot at the technology group he founded for another decade or more, shredding his long-held plan to hand over leadership in his sixties.