Son Zongyi said he "sold off" NVIDIA in tears: if it weren't for the need for funds, he wouldn't have sold a single share.
SoftBank Group founder Masayoshi Son said that if the company had unlimited funds to support its next round of investments in the field of artificial intelligence - including a large bet on OpenAI - he would not have sold its stake in NVIDIA. This is Son's first comment on SoftBank's unexpected disclosure of completely divesting its NVIDIA holdings in November. He also dismissed claims of an artificial intelligence investment bubble. He stated at a forum in Tokyo on Monday that SoftBank only did so because it needed to raise capital for projects such as data center construction. Son said at the FII Priority Asia forum, "I didn't want to sell a single share, but I needed more funds to invest in OpenAI and other projects. I cried while selling my NVIDIA stocks." The 68-year-old Son said that those discussing an artificial intelligence investment bubble are "not very smart." He pointed out that if artificial intelligence can generate 10% of global GDP in the long term, it would be worth investing trillions of dollars even if that means a cumulative investment. "Where is the bubble?" he asked.
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