SoftBank and OpenAI form joint venture in Japan

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SoftBank and OpenAI form joint venture in Japan

Business

2025.02.03 15:34

SoftBank CEO Masayoshi Son attends an event to pitch AI for businesses in Tokyo, Japan on Feb. 3, 2025. (Reuters)

SoftBank Group CEO Masayoshi Son announced on Monday (Feb. 3) a partnership with OpenAI CEO Sam Altman to establish a joint venture in Japan focused on delivering artificial intelligence services to corporate clients.

SoftBank will invest US$3 billion annually to utilize OpenAI's technology across its group companies as part of the agreement. The new venture, SB OpenAI Japan, will be jointly owned by OpenAI and a company established by SoftBank and its domestic telecom subsidiary.

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Tag:·SoftBank· Masayoshi Son· OpenAI· Sam Altman