SoftBank's Son Drew a Cartoon Goose to Prove AI Isn't in Bubble, Called Doubters Blasphemers

Masayoshi Son ran SoftBank’s annual meeting with literal slides of a goose squatting on golden eggs, his cartoon proof that the market lazily values his OpenAI bets at zero. SoftBank’s annual general meeting was on Wednesday, the internet saw the slides and went wild for the goose that lays the golden eggs, and there were a pile of slides about artificial super-intelligence. Son said it is blasphemy against AI if you say it’s a bubble, a fun thing to preach right after news came out that OpenAI might put off its IPO until 2027, and SoftBank’s share price dropped 14%. Gerard notes the obvious hole in the fable: SoftBank is not the goose that lays the golden eggs, ARM Holdings is the goose, SoftBank’s profitable companies are the geese, they’re what produces the golden eggs, SoftBank is the goose’s greedy owner, and it takes the money from successful companies like ARM and sets the money on fire at WeWork and now OpenAI. Pivot to AI on the goose deck