Son Says Losing AI Bets Will Drive SoftBank to Win Big Long Term

SoftBank Group Corp. is in position to win the race to master AI, thanks to its billions of dollars of tech investments, founder Masayoshi Son said in his first public appearance in seven months.

“A huge revolution is coming,” he said at Japanese telecom unit SoftBank Corp.’s annual shareholder meeting on Tuesday, adding that it was the parent company’s job to make aggressive early investments. “SoftBank Group won’t be deterred by a few short-term losses. We will rule the world in the end.”

Masayoshi Son

Photographer: Kentaro Takahashi/Bloomberg

The billionaire broke his months-long silence after bidding adieu to SoftBank Group’s loss-laden earnings call, ...