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SoftBank targets $9bn a year in AI investments while hunting bigger deals
Artificial Intelligence
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Thanks to AI, comment go byebye
Because he was successful with alibaba, yahoo, and currently ARM…
Considering he wanted to sell arm a few years ago that’s pretty funny
I mean they're still trying to unload ARM any way they can. Currently they're hoping the IPO takes them far enough to be fully spin out.
But he sold all his NVDA shares in 2022!!
Everyone needs to take profit at some point. But most importantly, wasn’t that around the time when NVDA was going to acquire ARM until it was blocked by regulators? They may have been required to sell their shares
SoftBank has been desperately trying to unload ARM for years now.
Thanks to AI, comment go byebye
I mean, they are still giving money to the WeWork guy...
Thanks to AI, comment go byebye
He made all that back with Arm.
Buzz words to keep the tech industry going. Big data is dead, AI is the new king.
AI is just big data with a fancy UI.
and big data is just a bunch of 1s and 0s, if we're into the whole extremely reductionistic thing.
Can someone show me any report about profitability of AI? Because I fail to see one. Yes, AI is everywhere and pretend to be do everything, but as of now, absolutely nothing has been proven doing "everything".
It’s not. Everyone is betting it will be. For the next 5-10 years it’s being heavily subsidized. A lot of the magic is actually people manually tweaking results. This stuff is 100x more expensive than traditional search. This stuff is so expensive, people are thinking computer power is going to be the next commodity, like oil or gold.
This stuff is impressive, and over the next 10-20 years will automate a lot of things. It’s not going to replace human beings or the work force for the foreseeable future.
How long did it take Amazon to turn a profit? This is potentially a winner takes all scenario with AGI.
If there’s a moat. It’s debatable if OpenAI actually has a moat
Amazon was a retail business at start, it is not comparable. It didn't start with 99% loss.
Neither did Uber. Yes, uber never made a profit for over a decade until last year, but all data and report shows that what they are doing is right and the market proves them right.
However for AI, it is a different story. All the big AI venders including openAI makes money from companies who are trying to make product out of AI, but NONE of them has yet had a product that is actually a market killer. Not now, not near future.
Yes, OpenAI is indeed making a lot of money, but it is based on the fact that there are so many companies collectively trying to invest "something" into AI and hope something will come out. But once the "hope" dries out, OpenAI's revenue will dry out too.
Also, worth noting that Microsoft owns most of OpenAI, and it is also the biggest source of revenue at the same time, makes no sense to call it "revenue", it's just internal investment.
It is comparable as a point. My point being that profitability doesn’t truly matter at this stage, it’s still extremely early for AI, certainly too early to make definitive statements. Even though Amazon was “retail” they were very much a tech company, using the internet, which at the time, many many people were dismissive of, kinda like we are seeing now with AI. The scaling laws continue to hold right now, which is why we are seeing absolutely massive investments by every major tech company. There are some impressive use cases now for businesses using RAG or now with context length exponentially improving. Enterprise customers move slow and AI is moving fast. Initially data privacy concerns put off many, also the only real player being OpenAI for about 1.5 years as a startup. Strong integrations are happening now too, which should make onboarding easier for businesses. Many businesses don’t need hope, they are seeing plenty of studies on the productivity improvements.
We are still waiting for profits from big data. I am not saying AI won't be profitable but it's not a guarantee.
AI services generated over $60 billion in revenue last year.
While putting 10x investment in? It's not profitable now and anytime in near future.
Investing outsourced mobile ARM chip and new tech while killing other Japanese tech company competitors (Fujitsu, Toshiba, Sony Vaio separation etc)
thought the thumbnail was dr evil doing air quotes