SoftBank Plans Arm Holdings IPO in 2023

One strange twist in the current obsession with artificial intelligence is the trauma afflicting one of AI’s biggest fans—SoftBank CEO Masayoshi Son.

In 2017, Son launched the world’s largest-ever venture capital portfolio—the $100 billion Vision Fund—under the idea that AI would be the most important technology ever. “The internet has disrupted advertising and retailing, basically those two,” Son said in a 2021 interview with Barron’s. “Artificial intelligence is disrupting every other industry.”

Source: https://www.barrons.com/articles/2023-ipos-softbank-arm-holdings-22ecb1e5?siteid=yhoof2&yptr=yahoo