financetom
Business
financetom
/
Business
/
SoftBank, OpenAI agree to set up Japan AI joint venture
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
SoftBank, OpenAI agree to set up Japan AI joint venture
Feb 2, 2025 9:51 PM

TOKYO (Reuters) -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 corporate customers.

Son is moving to deepen his exposure to OpenAI, with SoftBank looking at investing $15 billion to $25 billion in the company, Reuters reported last week.

SoftBank is also committing $15 billion to Stargate, a joint venture with OpenAI and Oracle to build AI capacity in the U.S., Reuters has reported.

The Stargate launch last month saw Son make his second appearance with Donald Trump since his election as president in November.

Japanese Prime Minister Shigeru Ishiba is yet to meet Trump in person with a meeting planned for this week.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Paramount Global CEO Bob Bakish Steps Down, Leadership Moved to 'Office of the CEO'
Paramount Global CEO Bob Bakish Steps Down, Leadership Moved to 'Office of the CEO'
Apr 29, 2024
04:35 PM EDT, 04/29/2024 (MT Newswires) -- Paramount Global ( PARAA ) said Monday Chief Executive Bob Bakish is stepping down and the leadership responsibilities will be transferred to a newly-created Office of the CEO, consisting three senior officials. The Office of the CEO is led by George Cheeks, president and CEO of CBS, Chris McCarthy, president and CEO of...
MicroStrategy Swings to Non-GAAP Loss in Q1, Sales Decline; Shares Drop After Hours
MicroStrategy Swings to Non-GAAP Loss in Q1, Sales Decline; Shares Drop After Hours
Apr 29, 2024
04:40 PM EDT, 04/29/2024 (MT Newswires) -- MicroStrategy ( MSTR ) reported a Q1 non-GAAP loss late Monday of $8.26 per diluted share, compared with earnings of $30.59 a year earlier. Four analysts polled by Capital IQ expected a loss of $0.13. Revenue in the quarter ended March 31 fell to $115.2 million from $121.9 million a year earlier. Analysts...
Scotiabank Appoints Travis Machen To Lead Global Banking And Markets Business
Scotiabank Appoints Travis Machen To Lead Global Banking And Markets Business
Apr 29, 2024
04:32 PM EDT, 04/29/2024 (MT Newswires) -- Scotiabank (BNS.TO) said Travis Machen has been appointed to chief executive and Group Head of its Global Banking and Markets (GBM) business, effective May 6.. Machen will be responsible for leading the execution of a global banking business strategy that builds on Scotiabank's North American reach and GBM's strategic presence in Latin America,...
Herc Holdings Insider Sold Shares Worth $890,228, According to a Recent SEC Filing
Herc Holdings Insider Sold Shares Worth $890,228, According to a Recent SEC Filing
Apr 29, 2024
04:34 PM EDT, 04/29/2024 (MT Newswires) -- Aaron Birnbaum, Senior Vice President & Chief Operating Officer, on April 25, 2024, sold 5,844 shares in Herc Holdings ( HRI ) for $890,228. Following the Form 4 filing with the SEC, Birnbaum has control over a total of 48,332 shares of the company, with 48,232 shares held directly and 100 controlled indirectly....
Copyright 2023-2026 - www.financetom.com All Rights Reserved