SoftBank CEO sees massive data, artificial intelligence as key to future advances

TOKYO: Masayoshi Son, chief executive of SoftBank Group Corp., says artificial intelligence combined with data gathered by billions of sensors will bring on an “information revolution,” that will benefit people more than the 19th Century Industrial Revolution.Son, Japan’s richest person, told Softbank customers and partners gathered at a Tokyo hotel on Thursday that he believes massive data will help treat cancer, deliver accident-free driving and grow safer food.SoftBank has bought leading British semiconductor company ARM, and its acquisition of U.S. robotics pioneer Boston Dynamics, announced last month, is undergoing regulatory approval. Its investments have included Chinese e-commerce company Alibaba and Yahoo Japan.SoftBank, the first carrier to offer the Apple iPhone in Japan, set up a private fund last year for global investments in the technology sector, called the Vision Fund, with the potential to grow to as much as $100 billion. He has won praise from President Donald Trump for promising to invest $50 billion in U.S. startups and create 50,000 jobs.This week Softbank announced it will invest in Encored, a U.S. company specializing in IoT technology in the energy sector.During a nearly three hour presentation, Son, introduced some of the ventures he is partnering, including OneWeb, whose founder and…


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