The general director of the Japanese holding company SoftBank Group Masayoshi Son and the head of the Openai AIO-Startapa Sam Altman announced the creation of a joint venture by SB Openai Japan to provide artificial intelligence services to corporate clients, Bloomberg said. Companies will own a joint venture in equal shares (50:50).
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SoftBank Corp., the telecommunications unit of the Japanese holding, whose staff will enter 1000 people from SoftBank will manage the joint venture. They will promote the OpenAi and solutions in various sectors of the Japanese economy, from the production of cars to retail trade. It is expected that this will be the largest project to provide AI tools of American startup corporate clients outside the United States.
The company’s holding, as well as investments from it, such as PayPay and Ly Corp., will annually pay Openai $ 3 billion for the use of its and technologies.
SoftBank will join the growing list of technological giants, including Meta✴ Platforms and Microsoft, which allocate billions of dollars for the development of II technologies. The holding plans to send $ 15 billion to the Stargate AI project, and is also negotiating Openai on investments in a startup within $ 15–25 billion.
Sonai’s support reflects the revival of SoftBank as an investment company after a reduction period caused by a drop in the cost of the holding’s technological portfolio and a series of failures with investment projects, writes Bloomberg.