SoftBank Billionaire Devoting 97% Of 'Time And Brain' To AI

Masayoshi Son, the founder of tech giant SoftBank and the richest man in Japan, says he is devoting 97% of his "time and brain" to the scientific field of artificial intelligence. Son made his comments on Monday as SoftBank reported a 49% jump in profits, according to The Financial Times. The profit rise was largely driven by a strong performance from SoftBank's $100 billion Vision Fund. Backed by Saudi Arabia's Sovereign Wealth Fund and companies like Apple, the Vision Fund is the largest tech fund in the world. SoftBank has used the Vision Fund, which is run out of an office in London's Mayfair, to invest in a wide range of companies spanning agriculture, transport, satellites, payments, computer chips, and ecommerce.