SoftBank Group Corp.'s founder Masayoshi Son said he has $80 billion in cash to buy back more shares and continue investing in both private and public companies. "If our shares drop down, I will buy back more shares more aggressively," the chief executive officer said at the New York Times DealBook conference Tuesday. "We have $80 billion in cash at hand." After a record fall in its share price in March, SoftBank unveiled plans to offload ¥4.5 trillion ($43.2 billion) in assets and buy back ¥2.5 trillion of its own stock. The idea of going private through a buyout has been discussed within SoftBank for at least five years, but Son declined to comment on whether he would take his company off the stock market.

SoftBank Founder and CEO Masayoshi Son today outlined his vision for artificial intelligence and said computers running AI programs will exceed human intelligence within three decades. Delivering a keynote address at the Mobile World Congress here, Son said he expects one computer chip to have the equivalent of 10,000 IQ within this period. "In the past 2,000 years, the hardware in our brains has not improved… In the next 30 years, AI will overtake human intelligence," he said. Son added that with the strong growth seen for Internet of Things (IoT), the number of embedded chips that are recording and transforming data into something useful will top "one trillion". Son, who sported a black turtleneck sweater and black pants, joked that even a pair of sneakers will have more computing power that a person.

The income from human labor gets taxed. Founder & and CEO of SoftBank Group, Masayoshi Son, speaks during a keynote speech at the Mobile World Congress in Barcelona on February 27, 2017 in Barcelona. BARCELONA--In 30 years, your shoes will be smarter than you. That's not meant to be an insult but rather what Masayoshi Son believes will be the case as robots outnumber humans and exceed their intelligence in just three decades. The chairman and CEO of Japan's SoftBank Group outlined his vision of the future during remarks made on stage at the Mobile World Congress tech conference underway this week in Barcelona.