SoftBank Group, opens new tab CEO Masayoshi Son said on Monday he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to offer artificial intelligence services to corporate customers.
The Japanese investment giant will also pay $3 billion annually to use OpenAI's technology across SoftBank group companies.
The joint venture, SB OpenAI Japan, will be owned by OpenAI and a company established by SoftBank and its domestic telecoms arm.
Son is moving to deepen his exposure to OpenAI, with SoftBank looking at investing $15 billion to $25 billion in the company, Reuters reported last week.
SoftBank is also committing $15 billion to Stargate, a joint venture with OpenAI and Oracle (ORCL.N), opens new tab to build AI capacity in the U.S., Reuters has reported.
The Stargate launch last month saw Son make his second appearance with Donald Trump since his election as president in November.
Son's backing for OpenAI reflects his reemergence as an investment force after a period of retrenchment sparked by the falling value of SoftBank's tech portfolio and a series of high profile stumbles.
He has a long history of partnering with tech firms in the U.S., with SoftBank bringing the iPhone to Japan in 2008.
Barclays downgraded the U.S. autos and mobility sector to "negative" on Tuesday, warning that persistent tariffs under President Donald Trump’s trade policy could weigh heavily on automaker earnings and investment strategies.
Jordanian authorities arrested 16 individuals in connection with an alleged plot involving rockets, explosives, and drone manufacturing, which officials say posed a serious threat to national security.
NATO Secretary-General Mark Rutte visited the Ukrainian city of Odesa alongside President Volodymyr Zelenskiy on Tuesday, reaffirming NATO’s steadfast support for Ukraine amid ongoing conflict with Russia.
The 11th annual meeting of the Black Sea Broadcasting Regulatory Authorities Forum (BRAF) opened in Baku, emphasizing the protection of children in media services.
The EU and UK pledged hundreds of millions in new aid for Sudan on Tuesday, as international leaders gathered in London to address the worsening humanitarian crisis and mark two years since the outbreak of the devastating conflict.
Barclays downgraded the U.S. autos and mobility sector to "negative" on Tuesday, warning that persistent tariffs under President Donald Trump’s trade policy could weigh heavily on automaker earnings and investment strategies.
Jordanian authorities arrested 16 individuals in connection with an alleged plot involving rockets, explosives, and drone manufacturing, which officials say posed a serious threat to national security.
China has accused the United States National Security Agency (NSA) of conducting "advanced" cyberattacks during the Asian Winter Games in February, targeting key industries in the northeastern city of Harbin.
China has dismissed the recent decision by Google to rename parts of the disputed South China Sea, which now labels maritime areas near the Philippines as the West Philippine Sea.
NATO Secretary-General Mark Rutte visited the Ukrainian city of Odesa alongside President Volodymyr Zelenskiy on Tuesday, reaffirming NATO’s steadfast support for Ukraine amid ongoing conflict with Russia.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 10th, covering the latest developments you need to know.
The death toll from the catastrophic roof collapse at a nightclub in Santo Domingo has risen to 98, with more than 160 people injured, according to Dominican authorities.
A quiet Thursday afternoon at St. Peter’s Basilica turned into something extraordinary, as visitors caught a rare glimpse of Pope Francis — not in his familiar white papal robes, but dressed in black trousers and a striped blanket.
In a dramatic about-face, U.S. President Donald Trump on Wednesday announced a 90-day pause on newly implemented tariffs for dozens of countries — a move that eased market turmoil but further escalated tensions with China.
UK Business Secretary Jonathan Reynolds has suggested that the government may consider Chinese investment in British Steel, but he emphasized that any such bids would be subject to thorough scrutiny, particularly due to national security and economic concerns.
Satellite images have revealed that North Korea is constructing what could be its largest and most advanced warship to date, potentially more than double the size of any vessel previously built by the regime.
A severe heatwave in India and Pakistan is testing the limits of human survival, with temperatures expected to rise to dangerous levels in the coming days. The early onset of summer heat has already strained energy supplies, impacted vital crops, and placed millions of livelihoods at risk.
Barclays downgraded the U.S. autos and mobility sector to "negative" on Tuesday, warning that persistent tariffs under President Donald Trump’s trade policy could weigh heavily on automaker earnings and investment strategies.
Jordanian authorities arrested 16 individuals in connection with an alleged plot involving rockets, explosives, and drone manufacturing, which officials say posed a serious threat to national security.
Barclays downgraded the U.S. autos and mobility sector to "negative" on Tuesday, warning that persistent tariffs under President Donald Trump’s trade policy could weigh heavily on automaker earnings and investment strategies.
Jordanian authorities arrested 16 individuals in connection with an alleged plot involving rockets, explosives, and drone manufacturing, which officials say posed a serious threat to national security.
China has accused the United States National Security Agency (NSA) of conducting "advanced" cyberattacks during the Asian Winter Games in February, targeting key industries in the northeastern city of Harbin.
China has dismissed the recent decision by Google to rename parts of the disputed South China Sea, which now labels maritime areas near the Philippines as the West Philippine Sea.
NATO Secretary-General Mark Rutte visited the Ukrainian city of Odesa alongside President Volodymyr Zelenskiy on Tuesday, reaffirming NATO’s steadfast support for Ukraine amid ongoing conflict with Russia.
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