SoftBank, OpenAI unveil Japan AI joint venture

SoftBank and OpenAI Launch Joint Venture for AI Services in Japan

In a significant move, Japanese investment giant SoftBank has partnered with OpenAI to establish a new joint venture aimed at providing artificial intelligence services to corporate clients. The venture, named SB OpenAI Japan, was announced following a meeting between OpenAI CEO Sam Altman, SoftBank leader Masayoshi Son, and Japanese Prime Minister Shigeru Ishiba.

This new collaboration will be co-owned by OpenAI and a newly formed company by SoftBank, along with its telecommunications subsidiary. As part of the agreement, SoftBank will invest $3 billion annually to utilize OpenAI’s technology across its various enterprises, with an ambitious plan to invest between $15 billion and $25 billion into OpenAI. Additionally, SoftBank has committed $15 billion to Stargate, a joint venture with OpenAI and Oracle focused on enhancing AI capabilities in the United States.

The move comes as concerns arise over China’s DeepSeek, which has raised questions among investors regarding the significant investments being made in AI technology, given its competitive capabilities against leading U.S. firms. Son’s renewed support for OpenAI signifies his comeback as a notable force in investment after a period of reduced spending due to declining valuations in SoftBank’s tech portfolio and several prominent setbacks.

For more details on the news, visit: https://finance.yahoo.com/video/softbank-openai-unveil-japan-ai-153542614.html

#AI #Investment #SoftBank #OpenAI #ArtificialIntelligence #Technology #CorporateInnovation

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