SoftBank takes a defensive stance in AI arms race

SoftBank takes a defensive stance in AI arms race

FILE PHOTO: SoftBank's logo is pictured at a news conference in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo

For years, SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son’s tech powerhouse is relying on a new weapon as it searches for the next big thing in AI: caution.

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