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technology19h ago
AI revolution is ‘50x bigger’ than the dot-com boom: SoftBank's Masayoshi Son to CNBC
- Masayoshi Son told CNBC the AI revolution will be 50 times bigger than the dot-com boom, signaling a major shift in technology.
- SoftBank plans a 75 billion euro investment to build AI infrastructure in France, including 5 GW of data center capacity.
- SoftBank emphasizes using project financing for the France buildout while expanding in the United States.
- SoftBank is expanding in the United States and partnering with Schneider Electric to form a large-scale production hub in Dunkirk, France.
- Son framed the AI push as a response to a need for long-term growth beyond past market corrections.
- SoftBank plans to rely on project financing rather than using its own capital for the France project.
- SoftBank's France initiative aims to position Paris and Hauts-de-France as AI hubs within Europe.
- SoftBank’s investment accompanies its OpenAI exposure, with the group seeing OpenAI as a long-term success.
- Masayoshi Son linked the AI revolution to reviving growth similar to early internet expansion years.
- SoftBank’s 3.1 GW data center ambition in northern France aims to underpin European AI capacity.
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