SoftBank, OpenAI agree to set up joint venture for AI services

SoftBank Group CEO Masayoshi Son said Monday that his tech investment company and artificial intelligence giant OpenAI, the developer of the chatbot ChatGPT, have agreed to establish a joint venture to promote AI services for corporations.The new 50-50 venture, named SB OpenAI Japan, will utilize massive quantities of data stored in systems of client companies and offer optimal management solutions, Son said in a speech at an event in Tokyo."We will launch from Japan the world's first advanced AI services for large corporations," Son said, adding that they plan to expand AI use in the futur…READ FULL ARTICLE