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SoftBank, OpenAI agree to set up joint venture for AI services
SoftBank Group CEO Masayoshi Son says that his tech investment company and artificial intelligence giant OpenAI have agreed to establish a joint venture to promote AI services for corporations.
SoftBank Group CEO Masayoshi Son said Monday that his tech investment company and artificial intelligence giant OpenAI, the developer of the chatbot ChatGPT, have agreed to establish a joint venture to promote AI services for corporations. The new 50-50 venture, named SB OpenAI Japan, will utilize massive quantities of data stored in systems of client companies and offer optimal management solutions, Son said in a speech at an event in Tokyo. The U.S. initiative, announced in front of President Donald Trump at a press conference at the White House, aims to build massive state-of-the-art data centers in the United States to accelerate AI development, according to the firms.
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