SoftBank and OpenAI Launch AI Joint Venture in Japan with $3B Investment
SoftBank Group and OpenAI have announced the formation of a joint venture, SB OpenAI Japan, to deliver AI services to Japanese businesses, with plans for potential global expansion. SoftBank's CEO, Masayoshi Son, stated that 1,000 employees will be assigned to the venture this year to begin sales and engineering work. The initiative will start with a $3 billion annual investment in OpenAI's technology for SoftBank's group businesses. This joint venture aims to establish a model for global adoption of AI services. Son believes that artificial general intelligence (AGI) will be realized sooner among large corporations due to their financial resources and data availability. Furthermore, SoftBank Group and OpenAI plan significant investment in AI infrastructure in the U.S., alongside partners ...