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.
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Russian drone strikes hit civilian sites across several Ukrainian regions overnight and on Sunday, leaving at least 12 people dead and more than a dozen injured, Ukrainian officials said.
A freight train carrying with Russian grain has departed from Bilajari station in Azerbaijan, heading to Armenia via transit routes through Georgia.
Dmitry Medvedev said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
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Explosions shook parts of southern Lebanon on Friday night as Israeli strikes rippled across the Zahrani district, with the blasts travelling toward the coastal city of Sidon.
Russian drone strikes hit civilian sites across several Ukrainian regions overnight and on Sunday, leaving at least 12 people dead and more than a dozen injured, Ukrainian officials said.
Dmitry Medvedev said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
Israel has reopened Gaza’s Rafah border crossing with Egypt in what Israeli media described as a “pilot operation,” marking the first opening of the crossing in two years.
Russian Security Council Secretary Sergei Shoigu has arrived in China for an official visit, where he is due to meet Chinese Foreign Minister Wang Yi to discuss international and regional security issues, Russian state media reported on Sunday.
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