Masayoshi Son Outlines Succession Plan, Eyes Ten More Years at SoftBank Helm

Masayoshi Son, the billionaire founder of SoftBank Group, addressed concerns among investors about his succession plan during a general shareholders’ meeting in Tokyo on Friday. Son revealed that he has several candidates in mind to succeed him as the chief of the Japanese technology group, although he did not disclose their identities. The candidates, who work alongside Son on a daily basis, are being groomed to take the reins in the future. Son, who is 67 years[…]

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SoftBank Plans Massive AI and Robotics Hub in Arizona

SoftBank is doubling down on artificial intelligence with an ambitious new venture. Following its reported $19 billion investment in the $500 billion Stargate AI Infrastructure project, the Japanese investment giant is now eyeing an even larger endeavor. According to Bloomberg, citing sources familiar with the matter, SoftBank is in talks to partner with Taiwan Semiconductor Manufacturing Company (TSMC) to develop a trillion-dollar industrial complex in Arizona focused on AI and robotics. The project, known as Project Crystal[…]

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