Cointime

Download App
iOS & Android

Softbank CEO says company’s purpose is to create ‘artificial super intelligence’

Validated Media

The founder and CEO of Japanese investment conglomerate Softbank, Masayoshi Son, believes artificial intelligence (AI) will be one to 10 times smarter than humans by 2030 and 10,000 times smarter by 2035. 

Son’s comments came during Softbank’s annual meeting in Tokyo on June 21. There, he addressed employees in what’s being called an emotional speech laying out the company’s priorities going forward.

Artificial Super Intelligence

The main takeaway from Son’s commentary appears to be that Softbank is dedicating itself to the development of an “artificial super intelligence” (ASI) that’ll be capable of upending human life as we know it.

During his speech, Son discussed both artificial general intelligence (AGI) and ASI. The difference between the two, according to the Softbank CEO, is that an AGI system would demonstrate the equivalent of a human “genius,” with up to a 10X factor.

An ASI, on the other hand, would have 10,000 times the intelligence or capabilities of a human — ostensibly far beyond the realm of the human brain’s limited potential.

It bears mention that there currently exists no scientific consensus as to what an AGI or ASI would be capable of or if such an entity is possible with modern technology. To date, AI systems capable of human-level reasoning remain theoretical.

Stock market reaction

Son went on to discuss both Softbank’s future and his own mortality, something which may have spooked some investors as the company saw its shares dip by more than three percent when the Tokyo stock exchange closed after the meeting.

Per a video of the event seen by Cointelegraph, Son stated that two years ago he realized that he was “getting old,” and apparently wanted to do more with his life before its end.

He added:

“SoftBank was founded for what purpose? For what purpose was Masa Son born? It may sound strange, but I think I was born to realize ASI. I am super serious about it.”

AI
Comments

All Comments

Recommended for you

  • BTC Drops Below $69,500

    Market data shows that BTC has fallen below $69,500, currently trading at $69,492.81. It has experienced a 2.2% decline in the past 24 hours. The market is experiencing significant volatility, so please implement risk control measures.

  • CLARITY Act Draft: Ban on Stablecoin Yields for Holding Only

    On March 24, according to CoinDesk, cryptocurrency industry practitioners on Monday saw the latest provisions regarding stablecoin yields in the revised version of the Senate's "Digital Asset Market Clarity Act" for the first time during a closed-door review meeting on Capitol Hill in Washington. The initial impression was that the relevant language was too narrow and lacked clarity. This new provision was released last Friday by Senators Angela Alsobrooks and Thom Tillis. According to a person familiar with the current draft, the new provision will prohibit earning yields solely from holding stablecoins, while restricting any practices that equate such programs with bank deposits, and imposing further limitations on other potentially permissible activities. The specific mechanism for determining activity-based stablecoin rewards remains unclear. This compromise stems from the lobbying battle between the crypto and banking industries. The banking industry insists that stablecoin rewards should not resemble interest-bearing bank deposits, arguing that such competing products could harm the banking sector and stifle lending. The final compromise allows for reward programs based on user stablecoin activities but prohibits balance-based rewards. This closed-door review aims to push the Senate Banking Committee to schedule a hearing, a significant step for the bill towards a full Senate vote. Similar versions of the "Clarity Act" have passed the House of Representatives in previous years, and another version has also passed the Senate Agriculture Committee's markup process. The bill's progress still faces other obstacles: all parties still need to reach an agreement on the DeFi regulatory framework, and Democrats are simultaneously insisting on including provisions that prohibit senior government officials from seeking personal gain from the cryptocurrency industry, a clause clearly targeting President Trump. (Dongxin News Agency)

  • Iran's IRGC: All Vessels Must Coordinate Passage Through Strait

    According to Al Jazeera: The Iranian Revolutionary Guard Corps (IRGC) Navy stated that the container ship 'Celine' was forced to leave the area because it did not possess a permit to pass through the Strait of Hormuz. The IRGC Navy further stated that any vessel transiting the Strait of Hormuz must coordinate fully with Iranian maritime authorities. (Jins10)

  • Circle Shares Plunge Over 16%, Hitting Largest Single-Day Drop Since June 2025

    Circle (CRCL) shares fell by more than 16% intraday, marking the largest single-day decline since June 2025. The stock is currently trading at $106.1.

  • BTC Drops Below $70,000

    Market data shows that BTC has fallen below $70,000, currently trading at $69,995.57. The cryptocurrency has seen a 1.86% decrease in the last 24 hours, indicating significant price volatility. Investors are advised to manage their risk accordingly.

  • Nasdaq Extends Losses to 1%

    The Nasdaq extended its losses to 1%.

  • Iran Denies Peace Talks Rumors; US Stocks Open Lower

    March 24th news: US stocks opened lower, with the Dow Jones Industrial Average down 0.24%, the S&P 500 index down 0.62%, and the Nasdaq Composite down 0.63%. Li Auto (LI.O) rose 2.8% after announcing a $1 billion share buyback plan. Amazon (AMZN.O) fell 1% following a "service disruption" at its Amazon Web Services (AWS) region in Bahrain. (Jinshi)

  • Tether Hires Big Four Firm for First Full Audit

    On March 24, Tether announced it has engaged one of the Big Four accounting firms to complete its first full audit.

  • BlackRock Transfers 7,552 ETH to Coinbase Prime Address

    According to data monitored by Arkham, approximately one hour ago, BlackRock transferred a total of about 7,552 ETH to a Coinbase Prime address through its Ethereum exchange-traded fund, ETHA. The value of this transfer is approximately $16.31 million. Further transfer operations may follow.

  • BTC Drops Below $71,000

    Market data shows that BTC has fallen below $71,000, currently trading at $70,989.77. The cryptocurrency has seen a 0.11% decrease in the past 24 hours. The market is experiencing significant volatility, and investors are advised to implement risk control measures.