After ‘crying for days’, Son to shift to offence mode in AI investments

SoftBank Group founder Masayoshi Son declared in an emotional meeting with investors that he will go back on the offensive in tech investing soon, seeking to establish his credentials in the burgeoning field of AI.

The billionaire is ending years of dormancy after his Vision Fund, the world’s largest pool of tech capital, racked up billions of dollars of losses as a Covid-era internet boom withered and a global economic downturn sapped valuations.

“Since October, I’ve been asking myself how many years I have left,” the 65-year-old chief executive told shareholders at an annual meeting.