SoftBank commits to joint venture with OpenAI, will spend $3 billion per year on OpenAI's tech
Publishing timestamp: 2025-02-03 05:32:36
Summary
SoftBank commits to spending $3 billion per year to use OpenAI's tech, announces joint venture in Japan. OpenAI in talks to raise up to $40 billion in funding round led by SoftBank. SoftBank CEO believes artificial general intelligence will be reality in fewer than 10 years. Potential funding may be used for Stargate project with Oracle. OpenAI faces competition from Chinese startup lab DeepSeek.
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Tickers: MSFT, AAPL, AMZN, ORCL, GOOGL, 9984.T-JP, ARM,
Keywords: softbank group corp, japan, sam altman, generative ai, elon musk, donald j. trump, arm holdings plc, business news, technology, breaking news: technology, artificial intelligence,
Source: https://www.cnbc.com/2025/02/03/softbank-commits-to-joint-venture-with-openai.html