The head of SoftBank Group, Masayoshi Son, announced on Monday that he has reached an agreement with OpenAI CEO Sam Altman to create a joint project in Japan to provide artificial intelligence services to corporate clients. This project, named SB OpenAI Japan, will be co-owned by the American company and another one based on SoftBank.
According to the information, the SoftBank investment group will pay $3 billion annually for the use of OpenAI technology through its company. A week ago, Reuters reported that Son aims to deepen his involvement with the developers of the ChatGPT chatbot and invest $15-25 billion in the company.
"We have agreed to create a joint project involving an American company and a local project company in Japan for clients," said Son.
