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.
Belgian police are searching for suspects after a shooting near Clemenceau metro station in Brussels early Wednesday. Multiple stations have been closed, but no injuries were reported. Investigators are probing possible drug-related links.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 5th, covering the latest developments you need to know.
Saudi Arabia reaffirmed on Wednesday that it will not establish diplomatic ties with Israel unless a Palestinian state is created. The statement follows remarks by former U.S. President Donald Trump, who claimed that Riyadh was not making such a demand.
U.S. President Donald Trump said Tuesday he is open to meeting Iran’s leader while announcing new sanctions to block Tehran’s nuclear ambitions.
Israeli Prime Minister Benjamin Netanyahu met with U.S. President Donald Trump at the White House, the first foreign leader to visit since Trump’s re-election. Talks focused on a potential Israel-Saudi normalization deal, the Gaza war, and the ongoing hostage negotiations.
The U.S. Department of Defense is developing plans to withdraw all U.S. troops from Syria, NBC News reported on Wednesday, citing two U.S. defense officials.
Google has revised its AI principles, removing previous commitments not to develop artificial intelligence for weapons or surveillance technologies.
Belgian police are searching for suspects after a shooting near Clemenceau metro station in Brussels early Wednesday. Multiple stations have been closed, but no injuries were reported. Investigators are probing possible drug-related links.
French President Emmanuel Macron denied any “agreement” or “collusion” with the Swiss company Nestlé over the bottled water scandal.
Kazakhstan's Ministry of Transport has released the preliminary report on the investigation on Azerbaijan Airlines's flight J2-8243's tragic crash. Read excerpts from the report and watch AnewZ's complete coverage.
An American Airlines regional jet and a U.S. Army Black Hawk helicopter crashed into the Potomac River after a midair collision near Reagan Washington National Airport on Wednesday night, officials said.
The U.S. has officially entered a new trade war. President Donald Trump has slapped 25% tariffs on imports from Canada and Mexico and 10% on China, citing immigration and drug trafficking concerns. The move has immediate consequences for businesses and consumers—so what happens next?
Belgian police are searching for suspects after a shooting near Clemenceau metro station in Brussels early Wednesday. Multiple stations have been closed, but no injuries were reported. Investigators are probing possible drug-related links.
French President Emmanuel Macron denied any “agreement” or “collusion” with the Swiss company Nestlé over the bottled water scandal.
At least 11 people, including the gunman, were killed in Sweden's worst mass shooting at an adult education center in Örebro, west of Stockholm, authorities confirmed.
President Donald Trump has signed an executive order withdrawing the US from the UN Human Rights Council (UNHRC) and prohibiting any future funding for the UN Relief and Works Agency for the Near East (UNRWA), the agency which provides relief for Palestinian refugees.
The U.S. Department of Defense is developing plans to withdraw all U.S. troops from Syria, NBC News reported on Wednesday, citing two U.S. defense officials.
Google has revised its AI principles, removing previous commitments not to develop artificial intelligence for weapons or surveillance technologies.
Belgian police are searching for suspects after a shooting near Clemenceau metro station in Brussels early Wednesday. Multiple stations have been closed, but no injuries were reported. Investigators are probing possible drug-related links.
French President Emmanuel Macron denied any “agreement” or “collusion” with the Swiss company Nestlé over the bottled water scandal.
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