TOKYO -- Japanese investment powerhouse SoftBank Group reiterated its confidence in the future of artificial intelligence on Wednesday after investors' reevaluation of the technology's potential contributed to a global market rout this week.
SoftBank
SoftBank restates faith in AI amid global market anxiety
Conglomerate logs smaller Q1 loss on success of chip unit Arm after Monday's stock dip
An attendee photographs the SoftBank Group logo at the SoftBank World 2017 conference in Tokyo. Yoshimitsu Goto, the conglomerate's chief financial officer, said on Aug. 7 that its "financial status is robust and stable," despite global market volatility. © Reuters
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