SoftBank CEO says hes all in on OpenAI, reveals hes long wanted Microsofts spot as main backer

General News

Summary

SoftBank CEO Masayoshi Son says the company is fully committed to OpenAI and plans to deepen its partnership even as OpenAI’s relationship with Microsoft becomes more uncertain. SoftBank has increased its planned investment in OpenAI to about 4.8 trillion yen and continues to back AI initiatives such as the Stargate project. Son also says he wants SoftBank to become a central platform provider for artificial superintelligence over the next decade. He ties that goal to OpenAI and Arm, and points to SoftBank’s earlier acquisition of Arm and recent chip investment activity as part of the strategy.

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
Financial Software SaaS Data & Analytics

Linked Companies

Bloomberg
$1B+
Arm
$1B+
Microsoft
$1B+
OpenAI
$25M to $50M