Founder Masayoshi Son had long enjoyed a reputation for foresight, not least due to his early investment in Chinese e commerce titan Alibaba.

But doubts grew after a Siri's off missteps, including big losses on investment in office sharing firm we work.

On Monday, Sun was asked exactly how he sees the future off his firm.

So stop his answer.

Softbank will focus on becoming an investment company that specializes in the A I revolution.

In recent months, the Japanese conglomerate has been selling shares in Alibaba and its domestic telecoms network.

It put the cash into tech stocks and derivatives in a bid to whether this year's tough times, though that too may have backfired.

Softbank ended up taking a $1.3 billion loss on the investments over the six months to the end of September.

Sohn doesn't seem worried, though.