Masayoshi Son is the founder and CEO of SoftBank, the giant Japanese private equity fund that’s the main backer and cheerleader of OpenAI. SoftBank was also the main backer of WeWork, which was alm…
  • scruiser@awful.systemsEnglish
    0·
    5 days ago

    He’s picked what, Yahoo, AMD, and Alibaba? But then he also lost a huge amount in the dotcom bust and WeWork and doesn’t have have any other notable picks? That’s not a golden goose, that a gambler that got lucky thrice and nearly went bust twice, and it will be 3 times if he keeps tripling down on OpenAI.

    • David Gerard@awful.systemsOPMEnglish
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      5 days ago

      SoftBank makes a ton of cash. They have a huge mobile phone company in Japan. They used to have the Japanese monopoly on iPhones. Those are the geese who lay the golden eggs Son then squanders.

      • YourNetworkIsHaunted@awful.systemsEnglish
        0·
        5 days ago

        He certainly seems to enjoy the same kind of privilege of an infinite rebuy that Elon gets. It really does feel like there’s a limit of nine digits on the money counter and once you get more than a billion dollars it just overflows to infinity. There seems to be no amount of bad investments they can make or money they can lose that would actually matter or make them come back to the same economy the rest of us live in.