OpenAI investor believes AI provides key to happiness: report [Seeking Alpha]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: Seeking Alpha
The Tokyo-based SoftBank invested in the latest funding round for OpenAI , contributing $500M of the $6.6B raised, which propelled the Microsoft-backed ( NASDAQ: MSFT ) startup to a towering valuation of $157B. "We can design AI personal agents who understand your emotions and whose greatest reward is your happiness," Son said during an event on Thursday, reported by Bloomberg . "Artificial superintelligence is something that wants you to be happy." Son believes in a few short years, AI will be capable of running households and improving lives in a multitude of ways. As such, his bank has invested heavily in the software and hardware required to run the technology, such as stockpiling Nvidia ( NASDAQ: NVDA ) processors. Indeed, it is written into the investment bank's philosophy. "Computing performance is increasing dramatically, and we are getting ever closer to an age of super-intelligent machines that will surpass human ability," according to SoftBank's philosophy. "Our miss
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