SoftBank, OpenAI launch new joint venture in Japan as AI deals grow ever more circular | TechCrunch
News Source : TechCrunch
News Summary
- SoftBank is investing tens of billions into OpenAI and committing dozens more to build AI data centers and infrastructure.
- SoftBank just launched a joint venture with the ChatGPT maker in Japan that will localize and sell the AI company’s enterprise tech to companies in the country.
- The joint venture will be owned 50-50 by SoftBank and OpenAI.
- It will provide what the companies are calling “Crystal intelligence,” which is being defined as a “packaged enterprise AI solution”
If you look at how AI deals are conducted these days, it seems AI companies and their investors are imitating the circle of life. Only, its a circle of profit that ensures the money eventually comes [+2091 chars]
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