Softbank CEO Urges Japanese Firms to Adopt AI or Risk Falling Behind

Softbank CEO Masayoshi Son believes AI will surpass human intelligence in a decade and is urging Japanese companies to adopt AI or risk falling behind.

Son says AI will affect every industry from transportation to finance and manufacturing. Companies that embrace AI will lead in the next 10-20 years.

Son wants Japan to avoid falling behind in AI like it did with the internet revolution. He says some Japanese companies are reluctant to adopt AI due to fears about risks.

Son acquired chipmaker Arm in 2016 and believes it will play a key role in AI development. Arm recently expanded its Nasdaq listing.

At a recent summit, G7 leaders agreed to promote reliable AI use. Japan's government wants to help create international AI rules.