Arm shares have gained more than 50% in the last month as artificial intelligence moves to smartphones.
The ARM (Acorn RISC Machine) architecture is used in 99% of the world's smartphone CPU cores.
ARM breaks out
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SoftBank CEO talks up artificial super intelligence ambitions
https://uk.finance.yahoo.com/news/softb ... 34154.html
TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000.
"SoftBank Group has done many things until now that have all been a warm up for my great dream to realise artificial super intelligence," Son told shareholders at the group's annual general meeting.
Son often hails the transformative power of new technologies and has made his name and fortune by betting on the proliferation of the internet and smartphones.
At Friday's meeting, he said the group was now putting all its efforts into pairing robotics with artificial intelligence to be used in all kinds of mass production and logistics, as well as autonomous driving.
Son's vision for AI robots would require "immense capital" and pooling funds with partners, he said, as SoftBank would not be able to bankroll it alone.
Son's reputation as a visionary investor was dented after many of the tech startups held by the Vision Fund investment vehicles have gone sour since 2021. Some of his other predictions, such as the widespread adoption of "internet of things" technology have not materialised.