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By EquityPandit

TECHNOLOGY

SoftBank and OpenAI Join Forces to Boost AI in Japan

SoftBank remains focused on AI infrastructure.

SoftBank Group Corp and OpenAI are partnering to launch a joint venture to develop and provide AI services for businesses across Japan.

SoftBank and OpenAI announced a 50-50 joint venture to develop and sell AI services in Japan through SoftBank Corp., hiring 1,000 employees to target industries from automakers to retailers.

SoftBank group companies, including PayPay and LY Corp., plan to spend $3 billion annually on OpenAI tools.

The collaboration highlights SoftBank’s growing role in global AI development, including the $100 billion Stargate Project in the US alongside Oracle and MGX, aiming to spend $500 billion over four years.

Masayoshi Son emphasised the importance of investing heavily in AI, countering arguments for smaller models while warning Japan against missing out on another technological wave.

Shares of SoftBank rose 1.5% on Monday after initial losses.

Son and OpenAI’s Sam Altman are set to meet Prime Minister Shigeru Ishiba to discuss AI development. Arm Holdings and SoftBank’s telecom arm play crucial roles in Son’s AI vision, with close partnerships across corporate Japan.

SoftBank’s mobile arm, Japan’s third-largest wireless carrier, is working with Microsoft to market OpenAI services and develop a Japanese language chatbot.

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