SoftBank Group Corp.’s (OTC:SFTBY) CEO, Masayoshi Son, has identified two frontiers as the next trillion-dollar business opportunity.
In a conversation with CNBC’s Arjun Kharpal on Monday, Son expressed his enthusiasm for both humanoid and industrial robotics, "with physical AI as a core."
In the same conversation, Son also stated that the ongoing AI revolution is “50x bigger” than the dot-com boom of the 2000s.
According to the SoftBank CEO, this is “just the beginning" of a technological "revolution" that could last 50-100 years. He denied the presence of any AI bubble and suggested that market corrections could present attractive buying opportunities.
Robotics Powers SoftBank’s Next Bet
SoftBank has been making strategic moves in the AI and robotics sector. In April, the company was reportedly planning a $100 billion IPO this year, for its new AI-Robotics venture, Roze AI. This venture aims to enhance the efficiency of AI infrastructure buildout, including the use of autonomous robotics in data center construction.
According to Reuters, last week, SoftBank has tapped Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Mizuho and Morgan Stanley (NYSE:MS) for Roze AI‘s IPO.
In October, SoftBank purchased the robotics division of Swiss engineering firm ABB (OTC:ABBNY) in a $5.4 billion deal, to explore its "next frontier", which is "Physical AI."
Goldman Sachs sees the humanoid robotics market reaching $38 billion by 2035, while Morgan Stanley projects $5 trillion by 2050. In May, Meta Platforms (NASDAQ:META) acquired humanoid robotics startup Assured Robot Intelligence for an undisclosed amount, bringing its team into the company’s Superintelligence Labs.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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