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SoftBank CEO says artificial general intelligence will come within 10 years

4Oct

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Technology

SoftBank CEO says artificial general intelligence will come within 10 years

Tokyo Reuters — SoftBank CEO Masayoshi Son said he believes artificial general intelligence (AGI), artificial intelligence that surpasses human intelligence in almost all areas, will be realized within 10 years. Speaking at the SoftBank World corporate conference, Son said he believes AGI will be ten times more intelligent than the sum total of all human intelligence. He noted the rapid progress in generative AI that he said has already exceeded human intelligence in certain areas. “It is wrong to say that AI cannot be smarter than humans as it is created by humans,” he said. “AI is now self learning, self training, and self inferencing, just like human beings.” Son has spoken of the po...

Arm IPO: China is huge for the SoftBank-owned company. That’s a risk for its new investors

Hong Kong CNN — As British chip designer Arm prepares to raise about $5 billion in an initial public offering (IPO) on Thursday, its China business has become a serious point of concern. The SoftBank-owned firm used many pages of its IPO prospectus to warn investors of risks related to its exposure to China at a time of rising tension between Washington and Beijing over chip technology. Its regulatory filing last month revealed that a quarter of its sales come from China, through an unusual relationship with an entity it does not control and with which it has a complex history. Arm China is “an entity that operates independently of us and is our single largest customer,” the company s...

Softbank’s Arm: Mega IPO could be just around the corner, a year after the biggest chip deal in history fell apart

New York CNN — A hotly anticipated IPO for a company that designs chips for 99% of the world’s smartphones is just around the corner, after it filed paperwork Monday to go public. Arm is a British tech company that architects power-sipping microchips for phones and tablets and licenses them to CPU makers, including Apple and Samsung. The company was public until 2016, when Japan’s Softbank bought it for $32 billion. Softbank tried to offload Arm to Nvidia for $40 billion, in what would have been the biggest chip deal of all time. But global antitrust regulators put a stop to it, and the deal fell apart in February 2022. Arm had been a hot commodity for decades, when the smartphone busin...