The Wall Street JournalThe Wall Street Journal

This billionaire shows why AI investment is hard

By Eliot Brown

03 Jul 2023 · 4 min read

informed Summary

  1. Despite investing over $140 billion in more than 400 startups, private investment fund SoftBank Group has largely missed out on the recent boom in generative AI, reports the WSJ.

After global tech investor Masayoshi Son launched the world’s biggest private investment fund six years ago, he said his SoftBank Group was plowing money into companies based on a single strategy.

“We are not just recklessly making investments,” Son told investors in 2018. “We are focusing on one theme, which is AI.”

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