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 10:10 PM

TOKYO, Feb 3 (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 >
France's hung parliament complicates policymaking, rating firm S&P warns
France's hung parliament complicates policymaking, rating firm S&P warns
Jul 8, 2024
LONDON (Reuters) - France's hung parliament is likely to complicate policymaking in the country, credit rating agency S&P Global said on Monday, as it warned sustained weakness in economic growth could see its rating cut again. France now faces a hung parliament and difficult negotiations to form a government, after a surprise left-wing surge in parliamentary elections on Sunday blocked...
Calibre Receives Environmental Approval for Volcan Gold Deposit in Nicaragua
Calibre Receives Environmental Approval for Volcan Gold Deposit in Nicaragua
Jul 8, 2024
07:11 AM EDT, 07/08/2024 (MT Newswires) -- Calibre Mining Corp. ( CXBMF ) , which rose more than 5% on Friday, said Nicaraguan authorities granted it the key environmental permits for the development and production of the open pit mines at the Volcan gold deposit, about 5 km south of the Libertad mill. Approval of the Volcan permit demonstrates the...
Exxon Mobil expects second-quarter oil earnings to increase
Exxon Mobil expects second-quarter oil earnings to increase
Jul 8, 2024
July 8 (Reuters) - Exxon Mobil ( XOM ) said on Monday changes in oil prices would increase the oil major's second-quarter upstream earnings by $300 million to $700 million compared with the first quarter. The largest U.S. oil producer had posted $5.7 billion in upstream earnings for the first quarter ended March 31. ...
Devon Energy to buy Grayson Mill's Williston business for $5 bln
Devon Energy to buy Grayson Mill's Williston business for $5 bln
Jul 8, 2024
July 8 (Reuters) - Devon Energy ( DVN ) said on Monday it had entered into a deal to acquire Grayson Mill Energy's Williston basin business in a cash-and-stock deal worth $5 billion. (Reporting by Seher Dareen in Bengaluru; Editing by Anil D'Silva) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved