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SoftBank restates faith in AI amid global market anxiety

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.

"We believe in AI, and believe it can change people's lives," said Yoshimitsu Goto, the conglomerate's chief financial officer, in a briefing following the announcement of its earnings for the April-June quarter. "We will continue pursuing the realization of artificial superintelligence through strategic AI investments." 

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