Masayoshi Son, the founder of SoftBank Vision Fund and Japan’s richest man, missed out on a huge opportunity by selling his shares in the chip supplier NVIDIA, worth around $160 billion now. He had initially invested $20 million in Alibaba in 2000, which later grew to a value of $60 billion. Unfortunately, he sold his stake in NVIDIA worth less than $4 billion more than five years ago due to a stock decline that threatened his fund’s performance. This decision caused him to miss out on massive potential gains.
Despite this mistake, Son has not given up and is now working on a new $100 billion fund for artificial superintelligence named after the Shintoism god of creation, Izanagi. He believes that bringing ASI to reality is his life’s purpose and is committed to making it happen.
Son is aiming to learn from his past missteps and is focusing on creating a successful fund that will make up for his previous misses. He is determined to make the Izanagi fund as great as its name implies, suggesting that it will be a groundbreaking venture in the field of artificial intelligence.
By reflecting on his past decisions and acknowledging his regrets, Son is taking steps towards building a successful future in the tech investment world. Despite missing out on the NVIDIA rally, he remains dedicated to finding new opportunities and making impactful investments that will shape the future of technology.
Article Source
https://fortune.com/2024/06/21/nvidia-stock-ai-chips-softbank-vision-fund/
