Published 1 month ago • loading... • Updated 1 month ago

SoftBank and OpenAI set up joint company to push artificial intelligence services

SoftBank Group and OpenAI have established a joint company called SB OpenAI Japan, which is owned 50-50 by both entities.
Masayoshi Son of SoftBank announced plans to invest $3 billion annually to integrate an AI service named Cristal across its companies.
Sam Altman stated that the partnership aims to bring transformative AI to influential companies, starting with Japan.
Cristal will first be implemented in SoftBank's companies, including Arm and PayPay, and will feature deep research capabilities for more complex tasks.

Insights by Ground AI

Does this summary seem wrong?

86 Articles

All

Left

Center

Right

The Verge

+2 Reposted by 2 other sources

SoftBank’s Masayoshi Son says AGI will arrive ‘much earlier’ than he thought

SoftBank is making a Japanese joint venture with OpenAI, will spend $3 billion deploying OpenAI tech across SoftBank companies, and claiming it will revolutionize business with AI agents through a new AI system called “Cristal intelligence.”

1 month ago·United States

Read Full Article

Startups News | Tech News

SoftBank strikes $3B AI joint venture deal with OpenAI in Japan, eyes $25B investment - Tech Startups

SoftBank CEO Masayoshi Son is partnering with OpenAI’s Sam Altman to launch a joint venture in Japan. Announced Monday, the initiative, named SB OpenAI Japan, will offer AI services to corporate clients. This follows last week’s reports that SoftBank was […] The post SoftBank strikes $3B AI joint venture deal with OpenAI in Japan, eyes $25B investment first appeared on Tech Startups.

1 month ago

Read Full Article

Fast Company

OpenAI and SoftBank announce artificial intelligence joint venture

Japanese technology giant SoftBank Group and OpenAI stepped up their AI partnership Monday, setting up a 50-50 held company called SB OpenAI Japan.SoftBank Chief Masayoshi Son and OpenAI Chief Sam Altman appeared at an event in Tokyo, talking up their collaboration and inviting Japanese companies to join.Son, holding a shiny blue crystal ball as a symbolic prop, said its AI service Cristal could be used by companies for planning, marketing, emai…

1 month ago

Read Full Article

Bloomberg

OpenAI, SoftBank Team Up to Develop AI for Japan Businesses

OpenAI and SoftBank Group Corp. are joining forces in a joint venture to sell AI services to businesses across Japan, one of the broadest efforts yet to sell the fast-growing startup’s tools to enterprise customers outside of the US.

1 month ago·United States

Read Full Article

UPI

SoftBank joins with OpenAI in yearly $3B venture to expand AI in Japan

SoftBank inked a $3 billion deal with OpenAI in a joint venture to market OpenAI tech in Japan with its newly-minuted "Cristal Intelligence" suite of tools.

1 month ago·Washington, United States

SoftBank, OpenAI Announce Joint Venture To Offer AI For Companies

Japan's SoftBank Group will form a joint venture with US tech giant OpenAI to offer advanced artificial intelligence to businesses, the two companies announced on Monday. "A memorandum of understanding has just been formally signed between Softbank and OpenAI to establish a 50-50 joint venture," SoftBank chief executive Masayoshi Son said as he outlined the services of a new AI product called Cristal. A joint statement by the firms said Japanese…

1 month ago·New Delhi, India

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year