Shares of Softbank Group Corporation rose 1.5% and reached an all-time high on Tuesday, July 2. This comes just a few years after the company's shares collapsed due to the closure of many tech startups, including WeWork, and tight control by the Chinese government. 📈

Analysts attribute the rise in the Japanese company's shares to its refocus on artificial intelligence and the success of its computer division Arm Holdings.

However, it's worth remembering that about 24 years ago, Softbank invested heavily in dotcom startups, which led to a record rise in its shares, but ultimately led to a loss of 99% of its total value when the bubble burst in March 2000.

Is it possible to repeat history with artificial intelligence?