With hundreds of billions of dollars still flowing into the tech industry, it’s becoming harder and harder to deny the reality that the US economy is enmeshed in a financial bubble of incredible proportions. As recent polls have shown, the majority of Americans don’t only agree that there is an AI bubble, they’re increasingly concerned about it as well.
One man who isn’t swayed is Japan’s richest investment mogul, SoftBank CEO Masayoshi Son. Speaking at his company’s annual corporate conference in Tokyo, Son groused that any talk of an AI bubble is “absurd,” adding that he’s willing to waste trillions of dollars a year for decades if that’s what it takes to make AI a financial success.
“Asking if AI is a bubble is absurd. I don’t think people who ask that question know what AI is about,” Son said to conference attendees, as Reuters reported. “Every year $5 trillion, or 800 trillion yen, you might think that’s a lie, but I am confident that’s what it will cost.”
Son has previously said he thinks it’s “blasphemy against AI if you say it’s a bubble,” claiming that the tech’s “potential will be unlocked.”
