The argument for continued aggressive investment in artificial intelligence rests on the belief that we are witnessing a fundamental shift in human productivity. Supporters of Masayoshi Son’s perspective point out that transformative technologies, such as the internet or mobile computing, were also initially met with skepticism and accusations of being bubbles. They argue that the current capital expenditure is not wasted money but the necessary cost of building the digital infrastructure for the next century.
Companies like SoftBank are betting on the idea that AI will eventually automate complex tasks, optimize global supply chains, and accelerate scientific discovery. From this viewpoint, the high valuations of AI-focused companies are a rational reflection of their future potential to dominate the global economy. By securing early positions in chip design and data processing, these investors are positioning themselves to benefit from a massive increase in global computing demand.
Furthermore, the impact of this investment is already visible in the rapid improvement of large language models and specialized hardware. Proponents emphasize that the pace of innovation is accelerating, meaning that the gap between investment and profit is likely to shrink faster than in previous technological cycles. For these stakeholders, the risk of missing out on the AI revolution is far greater than the risk of a temporary market fluctuation.
Ultimately, this perspective suggests that the market is correctly pricing in the immense value that AI will create. By focusing on the long-term horizon, investors are supporting the development of tools that could solve some of the world's most difficult problems, from climate change to medical diagnostics, making the current spending a vital contribution to global progress.