SoftBank, OpenAI launch new joint venture in Japan as AI deals grow ever more circular | TechCrunch

Image for article SoftBank, OpenAI launch new joint venture in Japan as AI deals grow ever more circular | TechCrunch
News Source : TechCrunch

News Summary

  • 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 and will provide what the companies are calling “Crystal intelligence” The conglomerate said all its employees are “actively utilizing AI in their daily operations,” and that it has so far created 2.5 million custom chat instances for internal use.
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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