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 >
Airbus defends free trade amid growing tariff jitters
Airbus defends free trade amid growing tariff jitters
Nov 12, 2024
* European planemaker pro free trade, Airbus China head says * Airbus faces growing EU-China and transatlantic trade tensions * Airbus committed to China supply chain, exec says * Delays second Tianjin assembly line to early 2026 from H2 2025 (Releads with trade comments; adds quotes and background) By Sophie Yu and David Kirton ZHUHAI, China, Nov 12 (Reuters) -...
Oil drifts amid China stimulus concerns, oversupply worries
Oil drifts amid China stimulus concerns, oversupply worries
Nov 12, 2024
SINGAPORE (Reuters) -Oil prices were little changed on Tuesday, awaiting further price direction from OPEC's monthly report, with investor disappointment over China's latest stimulus plan and oversupply concerns keeping buying interest at bay. Brent crude futures rose 4 cents to $71.87 a barrel, by 0745 GMT. U.S. West Texas Intermediate crude futures were down one cent at $68.03 a barrel....
Miner Fresnillo says operational difficulties at Sabinas mine affecting silver production
Miner Fresnillo says operational difficulties at Sabinas mine affecting silver production
Nov 12, 2024
Nov 12 (Reuters) - Mexico-focused miner Fresnillo Plc ( FNLPF ) said on Tuesday that the Sabinas mine, fully owned by Penoles, was experiencing operational difficulties affecting silver production. The Sabinas mine is the mineral source as part of the Silverstream agreement between Fresnillo and Peñoles signed in 2007. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Abinaya Vijayaraghavan...
S.Africa's Premier Group reports jump of 32.4% in interim profit
S.Africa's Premier Group reports jump of 32.4% in interim profit
Nov 12, 2024
JOHANNESBURG, Nov 12 (Reuters) - South African food producer Premier Group posted on Tuesday a rise of 32.4% in half-year profit at the upper end of its forecast range, boosted by cost-saving initiatives in a challenging operating environment. The 200-year-old company which listed last year said its headline earnings per share (HEPS)- a profit measure - grew to 438 cents...
Copyright 2023-2026 - www.financetom.com All Rights Reserved