Shulou(Shulou.com)11/24 Report--

CTOnews.com June 21, Softbank Corp. Group CEO Masayoshi son announced at today's annual shareholders' meeting that Softbank Corp. Group will adjust its business strategy to "turn defense into attack" after cutting investment activities to support its financial position: "We have more than 5 trillion yen (CTOnews.com Note: about 254 billion yuan) cash on hand because we have been taking a defensive attitude in the past three years." From now on we will turn to the offensive. "

Softbank Corp., ▲ Touyuan Softbank Corp. 's official website, posted a net loss of 970 billion yen (currently about 49.276 billion yuan) for the fiscal year ended March 31, and cushioned the huge losses caused by Vision Fund by selling its stake in Alibaba.

Goto Fangguang, Softbank Corp. 's chief financial officer, said last month that the group would appropriately reduce its emphasis on defensive fiscal strategies to ensure that suitable investment opportunities were not missed.

AI became one of the core contents of son's speech today, saying that he even asked ChatGPT to write a new adventure story for Tezuka's classic cartoon Astro Boy: "AI is creating a story as if it were a human being. The AI revolution is exploding."

Since the November 2022 results conference, Mr son has chosen to stay away from press conferences and other occasions, saying he will focus on the management of Arm, the company's UK semiconductor developer. Before today's press conference, Softbank Corp. 's weak performance was largely due to the fall in the share prices of AI-related technology companies invested in by the Vision Fund.

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