On Friday, SoftBank Group (OTC:SFTBF) (OTC:SFTBY) CEO Masayoshi Son said that he plans to position the company as the leading platform provider in the artificial super intelligence (ASI) sector within the next decade, aiming to rival major tech firms like Microsoft Corp. (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google.

What Happened: Speaking at SoftBank’s annual shareholder meeting, Son spoke about his ambition to establish SoftBank as a dominant player in the ASI space, reported Reuters. 

“We want to become the organizer of the industry in the artificial super intelligence era,” Son said.

He likened the opportunity in ASI to the positions held by Microsoft, Amazon and Google, where a “winner takes all” dynamic prevails.

See Also: Amazon, Google Not Far Behind, But Dan Ives Says Microsoft ‘Clearly Leading' In These Segments — $600 Price Target Is ‘Probably' Conservative

In line with this vision, the Japanese investment holding firm has made aggressive investments, including acquiring U.S. semiconductor designer Ampere for $6.5 billion and underwriting up to $40 billion in new investments for ChatGPT-parent OpenAI, the report added.

SoftBank's total investment in OpenAI has reached $32 billion since 2024. “I’m all in on OpenAI,” Son said while acknowledging that he regretted not investing in the AI company earlier.

Why It’s Important: SoftBank has returned to investing, having already scored big with early bets like Alibaba Group Holdings (NYSE:BABA) but also failures like WeWork, the report added.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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