#RENNOVATE is a special series of 30-min inspirational conversations with global leaders who believe passionately on renewing the planet through new ideas and technologies. The talks, which are to be held across the 3 days of RE-INVEST, will have some of this generation’s global icons and innovators, sharing powerful ideas to change attitudes and highlight the concept of conscientious enterprise, and business that helps the society.
Chief Executive Officer SoftBank
Speaker Profile #REINVEST2018
Chief Executive Officer, SoftBank, Japan
Masayoshi Son is the Founder, Chairman and CEO of SoftBank Group Corp (SBG), a global technology company that aspires to drive the Information Revolution. Founded in 1981 initially as a PC software distribution business, SBG and its portfolio of companies have expanded to cover a range of technologies, including advanced telecommunications, internet services, AI, smart robotics, IoT and clean energy. In May 2017, SoftBank announced the first major close of the SoftBank Vision Fund, with over $93 billion of committed capital to support the transformational companies at the forefront of the Information Revolution.
"Today, technology is transforming societies, industries and lifestyles around the world. In addition to PCs and smartphones, all manner of new devices are being born, and they are all connecting to the Internet, which is giving rise to explosive increases in data. With improving microprocessor capabilities to process these vast amounts of data and accelerating communication speeds, I believe it is only a matter of time before the arrival of Singularity, a world of “Super-intelligence” where machines surpass human intelligence. In a world like this, all sectors of society and industry will be redefined, ways of doing business and lifestyles will see foundational change and new business opportunities will be created.
Anticipating this kind of future, at the SoftBank Group, we have always asked ourselves how we can ready our business to contribute to society. One of the answers is the SoftBank Vision Fund, which we launched in 2017. The Fund invests not only in communications infrastructure and services, but in a wide variety of sectors that span robotics, rideshare, self-driving, biomedicine, finance, insurance and agriculture. In a world where all existing societal structures and industry sectors will be connected, these companies possess business models and are building platforms for next-generation infrastructure. With the SoftBank Group's core businesses in semiconductors, communications and Internet services around the world collaborating closely with Fund investees, a number of chemical reactions will take place, enabling us to offer new value. In that sense I believe the SoftBank Group will further drive forward the transformations that are now occurring around the world."
Masayoshi Son, on 'Information Revolution — Happiness for Everyone' January 2018