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.
Iran has ruled out the U.S.-EU demand for a halt in its civilian nuclear program as an “impossible” pre-condition to restart nuclear negotiations....
Uzbekistan and Japan have agreed a cooperation portfolio worth more than $12 billion in bid to advance economic, educational and regional ties....
In Russia, power has always determined who rises and who falls. Under Boris Yeltsin, oligarchs emerged as state property was carved up in the chaos of...
Prospects for Azerbaijan–Türkiye ties in 2026 will largely depend on regional peace efforts and the broader geopolitical environment in the South C...
Australia on Sunday, honoured victims of an attack that happened a week ago during a seaside Hanukkah celebration, as the prime minister announced a r...
In Russia, power has always determined who rises and who falls. Under Boris Yeltsin, oligarchs emerged as state property was carved up in the chaos of the 1990s. Wealth was fast, often crude, and frequently independent of the Kremlin itself.
Protests over alleged political pressure on universities drew thousands of students and civic activists to Novi Pazar, Serbia, on 21 December, with demonstrators opposing disciplinary measures against students and academics involved in earlier protests.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22th of December, covering the latest developments you need to know.
The European Union stands at a crossroads: to receive new members and accelerate the enlargement process in order to strengthen its role in the international arena, or to risk strategic stagnation by delaying expansion in favor of internal reform.
The death toll from Hong Kong’s deadliest fire in decades has risen to 161, after forensic analysis confirmed one more victim among the charred remains at Wang Fuk Court in Tai Po, more than three weeks after the blaze began, authorities said on Saturday.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told on Sunday, in what would be the second such operation this weekend and the third in less than two weeks if successful.
The United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Australia on Sunday, honoured victims of an attack that happened a week ago during a seaside Hanukkah celebration, as the prime minister announced a review of the country's law enforcement and intelligence agencies.
Israeli forces have launched new airstrikes across multiple areas of the Gaza Strip, despite an ongoing ceasefire agreement leading to multiple casualties.
Ukrainian forces have withdrawn from several positions in the north-eastern Sumy region, Kyiv confirmed on Sunday, 21 December, in a move linked to intense fighting near the Russia-Ukraine border.
A photo of U.S. President Donald Trump that had been removed from the cache of Jeffrey Epstein files released by the Department of Justice was restored on Sunday.
A Russian general has been killed in a car bomb attack in southern Moscow, with investigators saying Ukrainian special services may have been involved.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment