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.
Another devastating nightclub fire has struck—this time in Kocani, northern Macedonia. A blaze in the early hours of Sunday has left 59 people dead and over 100 injured, according to the interior ministry. Flames rapidly engulfed the ceiling and roof, turning a night out into a scene of tragedy.
The Vatican has released the first image of Pope Francis in hospital since he was admitted for double pneumonia, showing the 88-year-old pontiff seated in a chapel at Rome’s Gemelli hospital.
The US has vowed to keep striking Yemen’s Houthis until they stop attacks on shipping, as the Iran-aligned group signalled potential escalation following US airstrikes that reportedly killed at least 31 people.
Demonstrators in Mexico City urged the government to investigate a mass grave site in Jalisco.
An Israeli airstrike on Beit Lahiya killed 9 Palestinians as Hamas holds ceasefire talks in Cairo.
Another devastating nightclub fire has struck—this time in Kocani, northern Macedonia. A blaze in the early hours of Sunday has left 59 people dead and over 100 injured, according to the interior ministry. Flames rapidly engulfed the ceiling and roof, turning a night out into a scene of tragedy.
The Vatican has released the first image of Pope Francis in hospital since he was admitted for double pneumonia, showing the 88-year-old pontiff seated in a chapel at Rome’s Gemelli hospital.
The US has vowed to keep striking Yemen’s Houthis until they stop attacks on shipping, as the Iran-aligned group signalled potential escalation following US airstrikes that reportedly killed at least 31 people.
Donald Trump’s envoy, Steve Witkoff, has expressed optimism that the U.S. president will speak with Russian leader Vladimir Putin this week to discuss ending the ongoing war in Ukraine, following what he described as productive talks in Moscow.
A nationwide blackout in Cuba left 10 million without power. While parts of Havana have electricity, most areas remain dark. The outage, the fourth since October, highlights the country's energy crisis amid fuel shortages and ageing infrastructure.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
Another devastating nightclub fire has struck—this time in Kocani, northern Macedonia. A blaze in the early hours of Sunday has left 59 people dead and over 100 injured, according to the interior ministry. Flames rapidly engulfed the ceiling and roof, turning a night out into a scene of tragedy.
The US has vowed to keep striking Yemen’s Houthis until they stop attacks on shipping, as the Iran-aligned group signalled potential escalation following US airstrikes that reportedly killed at least 31 people.
Donald Trump’s envoy, Steve Witkoff, has expressed optimism that the U.S. president will speak with Russian leader Vladimir Putin this week to discuss ending the ongoing war in Ukraine, following what he described as productive talks in Moscow.
A nationwide blackout in Cuba left 10 million without power. While parts of Havana have electricity, most areas remain dark. The outage, the fourth since October, highlights the country's energy crisis amid fuel shortages and ageing infrastructure.
Italy will unveil an industrial strategy in June, linking its automotive, defence, and aerospace sectors amid Europe's focus on defence spending and satellite security.
Another devastating nightclub fire has struck—this time in Kocani, northern Macedonia. A blaze in the early hours of Sunday has left 59 people dead and over 100 injured, according to the interior ministry. Flames rapidly engulfed the ceiling and roof, turning a night out into a scene of tragedy.
The Vatican has released the first image of Pope Francis in hospital since he was admitted for double pneumonia, showing the 88-year-old pontiff seated in a chapel at Rome’s Gemelli hospital.
The US has vowed to keep striking Yemen’s Houthis until they stop attacks on shipping, as the Iran-aligned group signalled potential escalation following US airstrikes that reportedly killed at least 31 people.
Donald Trump’s envoy, Steve Witkoff, has expressed optimism that the U.S. president will speak with Russian leader Vladimir Putin this week to discuss ending the ongoing war in Ukraine, following what he described as productive talks in Moscow.
A nationwide blackout in Cuba left 10 million without power. While parts of Havana have electricity, most areas remain dark. The outage, the fourth since October, highlights the country's energy crisis amid fuel shortages and ageing infrastructure.
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