SoftBank Group CEO Masayoshi Son announced plans to invest in Tokyo Electric Power Company (Tepco) during the annual shareholder meeting. This investment aims to secure the energy required for the company’s artificial intelligence ambitions. Tepco shares rose as much as 1% in Tokyo trading following the announcement.
Son revealed that mass production of robots has commenced at a factory for an upcoming official launch. He stated a goal for SoftBank to become the world's leading robotics company.
The CEO dismissed claims of an AI bubble as an insult to the technology's potential. He emphasized that the true capabilities of AI are still emerging.
SoftBank also finalized personnel changes and the formation of its Board of Directors and corporate officers. The company issued stock acquisition rights to both employees and executives.