AI revolution is ‘50x bigger’ than the dot-com boom: SoftBank's Masayoshi Son to CNBC
Key points
- The AI revolution is 50 times bigger than the dot-com revolution in the 2000s, SoftBank CEO Masayoshi Son told CNBC Monday.
- "I think this is like more than 10x, probably 50x bigger than dot-com," Son told CNBC's Arjun Kharpal in Paris, a day after the company announced that it's investing 75 billion euros ($87 billion) to build AI infrastructure in France, including 5 GW of AI data center capacity.
- The SoftBank chief said the dot-com crash experienced a painful burst, which proved to be just a small bump in a much bigger long-term growth story.
- "This is the biggest revolution of technology and realization that mankind ever experienced, so this is just like the beginning of the internet," Son added.
- Son referenced the fall of auto and electronics stocks in the 1929 Wall Street crash, saying, "There's always a correction." He said: "Now, if you look at the history, electronics...
Quick Summary
The AI revolution is 50 times bigger than the dot-com revolution in the 2000s, SoftBank CEO Masayoshi Son told CNBC Monday. "I think this is
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to AI revolution is ‘50x bigger’ than the dot-com boom: SoftBan.
Key Takeaways
- The AI revolution is 50 times bigger than the dot-com revolution in the 2000s, SoftBank CEO Masayoshi Son told CNBC Monday.
- "I think this is like more than 10x, probably 50x bigger than dot-com," Son told CNBC's Arjun Kharpal in Paris, a day after the company announced that it's investing 75 billion euros ($87 billion) to build AI infrastructure in France, including 5 GW of AI data center capacity.
- The SoftBank chief said the dot-com crash experienced a painful burst, which proved to be just a small bump in a much bigger long-term growth story.
- "This is the biggest revolution of technology and realization that mankind ever experienced, so this is just like the beginning of the internet," Son added.
- Son referenced the fall of auto and electronics stocks in the 1929 Wall Street crash, saying, "There's always a correction." He said: "Now, if you look at the history, electronics and motorization crashed in 1929, but went up for many, many years, for the next 100 years after that… so there may be some correction, but that will be the best investment opportunity to me."
📌 Source: CNBC
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