{"id":253520,"date":"2026-05-23T12:00:00","date_gmt":"2026-05-23T16:00:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/05\/23\/insiders-at-softbank-worry-their-ceo-is-getting-conned-by-sam-altman\/"},"modified":"2026-05-23T14:05:20","modified_gmt":"2026-05-23T18:05:20","slug":"insiders-at-softbank-worry-their-ceo-is-getting-conned-by-sam-altman","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/05\/23\/insiders-at-softbank-worry-their-ceo-is-getting-conned-by-sam-altman\/","title":{"rendered":"Insiders at SoftBank Worry Their CEO Is Getting Conned by Sam Altman"},"content":{"rendered":"<p><a href=\"https:\/\/futurism.com\/artificial-intelligence\/insiders-softbank-sam-altman\">Insiders at SoftBank Worry Their CEO Is Getting Conned by Sam Altman<\/a><\/p>\n<p><a href=\"https:\/\/futurism.com\/artificial-intelligence\/insiders-softbank-sam-altman\">https:\/\/futurism.com\/artificial-intelligence\/insiders-softbank-sam-altman<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-23 12:00:00<\/a><\/p>\n<p>Source Domain: <a href=\"futurism.com\">futurism.com<\/a><\/p>\n<h2 class=\"newsletter-cta-title\"> <\/h2>\n<p class=\"article-paragraph skip\">Sign up to see the future, today<\/p>\n<p class=\"article-paragraph skip\">Can\u2019t-miss innovations from the bleeding edge of science and tech<\/p>\n<p class=\"pw-incontent-excluded article-paragraph skip\">The rise of AI is many things: technological, sociological, political, even teleological.<\/p>\n<p class=\"article-paragraph skip\">But perhaps above all, it\u2019s financial. When OpenAI released ChatGPT back in late 2022, it quick picked up enormous user traction \u2014 and moneymen across the tech industry immediately started scheming about how to cash in from the rush of interest.<\/p>\n<p class=\"article-paragraph skip\">The model they coalesced around hinges on gigantic investments in computing infrastructure to power the tech. It\u2019s high risk and high reward: in their telling, the investments will pay off massively as the tech matures to automate huge swathes of the labor market, but some critics fear it\u2019ll never generate enough revenue to justify the incredible spending.<\/p>\n<p class=\"article-paragraph skip\">Nobody is more exposed than the Japanese investment company SoftBank, which has poured an eye-watering $60 billion into OpenAI over the past few years.<\/p>\n<p class=\"article-paragraph skip\">According to explosive new reporting by Bloomberg, even certain insiders at the company are rattled. Viziers of founder Masayoshi Son have privately questioned what will happen if the Sam Altman-led company can\u2019t pull off its grand promises \u2014 and Son\u2019s reaction has apparently been so \u201cbrusque,\u201d in the publication\u2019s wording, that they eventually gave up.<\/p>\n<p class=\"article-paragraph skip\">What\u2019s clear from the reporting is that Altman has done what he does best: turned Son into a true believer in his vision of computer superintelligence that causes profound shifts for the entire course of civilization. <\/p>\n<p class=\"article-paragraph skip\">Habib Imam, a former SoftBank insider who\u2019s now at Menlo Park Capital, told Bloomberg that it\u2019s fundamentally a \u201cbet on a worldview about AGI,\u201d adding that \u201cyou can\u2019t hedge a worldview.\u201d<\/p>\n<p class=\"article-paragraph skip\">The reality is that Son\u2019s track record is dodgy. He made a series of canny bets during the company\u2019s early history, then bet big on the Chinese retailer Alibaba, netting&#8230;<\/p>\n<p><a href=\"https:\/\/futurism.com\/artificial-intelligence\/insiders-softbank-sam-altman\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insiders at SoftBank Worry Their CEO Is Getting Conned by Sam Altman https:\/\/futurism.com\/artificial-intelligence\/insiders-softbank-sam-altman Publish Date:&#8230;<\/p>\n","protected":false},"author":1,"featured_media":253521,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/futurism.com\/wp-content\/uploads\/2026\/05\/insiders-softbank-sam-altman.jpg?quality=85&w=1200","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[22],"class_list":["post-253520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-general-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/253520"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=253520"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/253520\/revisions"}],"predecessor-version":[{"id":253522,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/253520\/revisions\/253522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/253521"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=253520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=253520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=253520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}