SoftBank has committed to spending $3 billion per year for itself and its subsidiaries to use OpenAI's tech, according to a joint announcement on Monday. The two also announced a new joint venture, billed as "SB OpenAI Japan," which will market OpenAI's enterprise tech exclusively to major companies in Japan.
SoftBank Group 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 customers.
Cipher Mining unveils a $50 million investment to support the development of data centers.
Japanese Prime Minister Shigeru Ishiba will hold talks with OpenAI CEO Sam Altman and SoftBank Group CEO Masayoshi Son on Monday, the Japanese government said on Friday.
A new investment from the Japanese conglomerate would be separate from the $100 billion tied to a project announced at the White House last week.
Japanese investment group SoftBank is reportedly in talks to invest up to $25 billion in OpenAI, the AI startup behind ChatGPT. Per a Financial Times report, SoftBank is considering investing between $15 billion and $25 billion in OpenAI.
The Japanese tech firm's investment would make it OpenAI's largest backer, replacing Microsoft.
Japan's SoftBank is in talks to invest $15-25 billion in OpenAI in a deal that would make it the ChatGPT-maker's biggest financial backer, the Financial Times reported on Thursday.
SoftBank reportedly is in talks to invest up to $25 billion in OpenAI and become the ChatGPT creator's largest investor.
SoftBank is in discussions to invest up to $25 billion in OpenAI, as per an FT report. This massive investment would possibly make it the largest financial backer of the ChatGPT maker.
SoftBank is in talks to invest up to $25 billion in OpenAI, which would make it the startup's top backer, CNBC has confirmed. The deal is not finalized, according to a person with knowledge of the matter.
SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40 billion on AI initiatives with the Microsoft-backed startup, according to Financial Times.