SoftBank Group's (OTC: SFTBY) CEO, Masayoshi Son, brushed aside concerns about a potential bubble in artificial intelligence (AI) investments.
He labelled such fears as "foolish" and "backward".
Son made these remarks at an annual company event in Tokyo, as reported by Japan Today on Wednesday.
He has been a fervent supporter of AI and has invested billions into AI-related companies, asserting that AI will revolutionize our lives while generating profits.
Despite concerns over Nvidia Corp.'s (NASDAQ:NVDA) soaring valuation and massive AI infrastructure spending, Son remains bullish, estimating that the world will need to invest nearly $5 trillion annually in data centers, AI chips, energy systems, and related infrastructure.
