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.
Talks between Thailand and Cambodia this week have made "meaningful progress", Thai defence minister Natthaphon Narkphanit said on Thursday, ahead of ...
Nokia chief executive Justin Hotard said artificial intelligence is fuelling a structural growth cycle similar to the internet expansion of the 1990s,...
A delegation of ambassadors from NATO member states will visit Azerbaijan on 6–7 November, according to Report. The group will include envoys from 1...
The U.S. military conducted strikes against two vessels in the eastern Pacific Ocean, killing five alleged drug smugglers, U.S. Defense Secretary Pete...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 23 October, covering the latest developments you need to know....
Nokia chief executive Justin Hotard said artificial intelligence is fuelling a structural growth cycle similar to the internet expansion of the 1990s, but rejected fears that investor enthusiasm has reached unsustainable levels.
A delegation of ambassadors from NATO member states will visit Azerbaijan on 6–7 November, according to Report. The group will include envoys from 15 NATO countries.
The U.S. military conducted strikes against two vessels in the eastern Pacific Ocean, killing five alleged drug smugglers, U.S. Defense Secretary Pete Hegseth said on Wednesday. The operation marks an expansion of the Trump administration’s use of the armed forces in its counter-narcotics campaign.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 23 October, covering the latest developments you need to know.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Talks between Thailand and Cambodia this week have made "meaningful progress", Thai defence minister Natthaphon Narkphanit said on Thursday, ahead of the potential signing of a broader ceasefire agreement.
The U.S. military conducted strikes against two vessels in the eastern Pacific Ocean, killing five alleged drug smugglers, U.S. Defense Secretary Pete Hegseth said on Wednesday. The operation marks an expansion of the Trump administration’s use of the armed forces in its counter-narcotics campaign.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 23 October, covering the latest developments you need to know.
European leaders aim to put on a show of support for Ukrainian President Volodymyr Zelenskyy in Brussels on Thursday after a rollercoaster few days that saw Donald Trump announce and then back away from plans to meet Russia’s Vladimir Putin.
The Netherlands will vote on Wednesday, 29 October, after the collapse of the previous coalition, with far-right leader Geert Wilders’ Freedom Party (PVV) leading polls ahead of rivals focused on housing, healthcare and immigration.
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