SoftBank sees new-found caution as secret weapon in AI arms race

Leading the way: Son speaks at the SoftBank World 2023 corporate conference in Tokyo. He has touted the promise of AI as an investment opportunity for some years now. - Reuters

FOR years, SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye.

Now founder Masayoshi Son’s tech powerhouse is relying on a new weapon as it searches for the next big thing in AI: caution.