SoftBank’s Masayoshi Son insists there’s no AI bubble despite massive spending forecasts

SoftBank CEO Masayoshi Son claims the AI revolution will require $5 trillion in annual spending through 2040, arguing that such costs are justified if AI eventually represents 20 percent of global GDP. Speaking at SoftBank’s corporate conference, Son dismissed concerns about an AI bubble, insisting skeptics simply misunderstand the scale of the coming transformation. Despite SoftBank’s history of both visionary bets and disastrous failures like WeWork, Son predicts AI agents will dominate society by 2040, powered by massive data center expansion requiring 3 terawatts of energy, nearly double today’s global consumption. He expects gas to power the near-term surge, with nuclear fusion eventually becoming the primary energy source. Analysts warn the AI boom may be the only thing preventing a US recession, yet infrastructure delays and geopolitical risks cast uncertainty over Son’s bold timeline.

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