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.
Kyrgyzstan has announced the creation of an interagency task force aimed at supervising and enhancing laboratory testing for agricultural products, the Ministry of Water Resources, Agriculture, and Processing Industry said on Sunday.
Ukrainian and Russian delegations have begun a new round of peace talks in Istanbul, with Kyiv pushing for a ceasefire, prisoner exchange, and humanitarian measures, while Moscow continues to withhold its official terms and demands concessions unlikely to be accepted by Ukraine.
The construction of Kyrgyzstan’s Orto-Tokoy Hydropower Plant (HPP) has reached the halfway mark, with 50% of the work completed, the Ministry of Energy announced on Sunday.
French pharmaceutical giant Sanofi announced Monday that it will acquire U.S.-based Blueprint Medicines for $9.1 billion to strengthen its portfolio in rare immunological diseases.
Stock markets across Asia tumbled Monday after U.S. President Donald Trump announced a new round of tariff hikes on Chinese imports, sparking renewed fears of a deepening U.S.–China trade war.
Kyrgyzstan has announced the creation of an interagency task force aimed at supervising and enhancing laboratory testing for agricultural products, the Ministry of Water Resources, Agriculture, and Processing Industry said on Sunday.
Ukrainian and Russian delegations have begun a new round of peace talks in Istanbul, with Kyiv pushing for a ceasefire, prisoner exchange, and humanitarian measures, while Moscow continues to withhold its official terms and demands concessions unlikely to be accepted by Ukraine.
The construction of Kyrgyzstan’s Orto-Tokoy Hydropower Plant (HPP) has reached the halfway mark, with 50% of the work completed, the Ministry of Energy announced on Sunday.
British energy giant BP has announced final investment decisions for two major projects in Azerbaijan: the construction of the 240 MW Shafag solar power plant in Karabakh and the electrification of the Sangachal terminal near Baku.
Egypt’s Minister of Tourism and Antiquities, Sherif Fathy, has announced that a pilot visa-on-arrival program will launch at Cairo International Airport in mid-June
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
Ukrainian and Russian delegations have begun a new round of peace talks in Istanbul, with Kyiv pushing for a ceasefire, prisoner exchange, and humanitarian measures, while Moscow continues to withhold its official terms and demands concessions unlikely to be accepted by Ukraine.
Stock markets across Asia tumbled Monday after U.S. President Donald Trump announced a new round of tariff hikes on Chinese imports, sparking renewed fears of a deepening U.S.–China trade war.
With looming US tariff hikes on steel, the UK is pushing for a swift implementation of a trade deal meant to protect £400mn in exports and safeguard industry jobs.
Croatia’s ruling Croatian Democratic Union (HDZ) has emerged as the dominant force in the country’s second round of local elections, securing a series of key mayoral and regional victories, according to results reported by local media Monday.
Finnish Prime Minister Petteri Orpo has called on the United States to implement tougher sanctions against Russia, as the EU prepares its next sanctions package.
Kyrgyzstan has announced the creation of an interagency task force aimed at supervising and enhancing laboratory testing for agricultural products, the Ministry of Water Resources, Agriculture, and Processing Industry said on Sunday.
Ukrainian and Russian delegations have begun a new round of peace talks in Istanbul, with Kyiv pushing for a ceasefire, prisoner exchange, and humanitarian measures, while Moscow continues to withhold its official terms and demands concessions unlikely to be accepted by Ukraine.
The construction of Kyrgyzstan’s Orto-Tokoy Hydropower Plant (HPP) has reached the halfway mark, with 50% of the work completed, the Ministry of Energy announced on Sunday.
British energy giant BP has announced final investment decisions for two major projects in Azerbaijan: the construction of the 240 MW Shafag solar power plant in Karabakh and the electrification of the Sangachal terminal near Baku.
Egypt’s Minister of Tourism and Antiquities, Sherif Fathy, has announced that a pilot visa-on-arrival program will launch at Cairo International Airport in mid-June
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment