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.
Greenland and Antarctica have shed a combined 11.3 trillion tonnes of ice since 1979, according to the most comprehensive satellite study of the pl...
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European ...
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was st...
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
Russian air strikes injured 13 and damaged buildings in the Ukrainian capital of Kyiv and in the Black Sea port city of Odesa in the early hours of Thursday, officials said on the Telegram messaging app.
Ukrainian President Volodymyr Zelenskyy said that Ukraine was carrying out tests on a new weapon to intercept drones and had recorded a successful hit overnight.
European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
U.S. President Donald Trump said on Wednesday he hoped the war against Iran was nearing its end and that Tehran wanted to reach a deal, but Iran dismissed his comments as “mixed signals” as the conflict approaches its seventh month.
Saudi Arabia’s 1,200‑kilometre East‑West pipeline Petroline has been forced to suspend service after militant attacks damaged three pumping stations in the Riyadh and Madinah regions. The line can move about seven million barrels a day, but the damage could take five to six weeks to repair.
Three students were killed in a school shooting in the southern Philippines on Friday, including a 16-year-old suspected gunman who turned the gun on himself, provincial officials said.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
Russian air strikes injured 13 and damaged buildings in the Ukrainian capital of Kyiv and in the Black Sea port city of Odesa in the early hours of Thursday, officials said on the Telegram messaging app.
An Afghan national linked to an Islamic State affiliate in Afghanistan has been sentenced to 20 years in prison in connection with the 2021 Kabul airport suicide bombing that happened during a chaotic scene as the Taliban retook the country.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment