Masayoshi Son, SoftBank's CEO, dismissed concerns about an AI bubble, calling it an "insult to AI" and emphasising its nascent stage with vast potential. He reiterated SoftBank's role as an "egg-laying factory" and expressed frustration over the company's market valuation compared to its asset value. Son, 68, plans to lead the company into his 70s to achieve "artificial super intelligence."

SoftBank founder Masayoshi Son sees little merit in orbital data centres, the idea Elon Musk has championed, and says the AI race will be won by compute on Earth.

Top SoftBank boss Masayoshi Son challenged the economic case for putting AI data centers in space, an idea championed by Elon Musk.

By Yang Jie and Megumi Fujikawa

Founder abandons succession plan to chase artificial superintelligence