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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The trilateral meeting between Iran, Azerbaijan, and Russia aimed at strengthening economic and transport cooperation is considered a key platform for...
A nor’easter bringing heavy rain and strong winds has caused widespread flooding across New Jersey....
Brussels has become the stage for a pivotal shift in Central Asia’s energy policy, with a focus on sustainable development, access to investment, an...
Official Tbilisi is aiming to establish a genuine and meaningful strategic partnership with Washington.
European stock markets opened the week on a positive note, buoyed by hopes of easing trade tensions between the U.S. and China and declining geopolitical risks in the Middle East.
The trilateral meeting between Iran, Azerbaijan, and Russia aimed at strengthening economic and transport cooperation is considered a key platform for the region.
A nor’easter bringing heavy rain and strong winds has caused widespread flooding across New Jersey.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
The Gaza summit held on 13 October in Sharm El-Sheikh, Egypt, is being hailed as a significant diplomatic milestone for securing peace in the region.
A nor’easter bringing heavy rain and strong winds has caused widespread flooding across New Jersey.
Madagascar’s President Andry Rajoelina postponed a planned national address on Monday after a group of soldiers threatened to seize the headquarters of the state broadcaster, according to the presidency.
The European Union’s next wave of eastward enlargement, particularly involving candidate countries in Central and Eastern Europe, could prove decisive for Europe’s energy security and competitiveness.
Venezuela has closed its embassy in Oslo, Norway’s foreign ministry confirmed on Monday, days after opposition leader Maria Corina Machado won the 2025 Nobel Peace Prize.
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