SoftBank wants to invest in AI after Arm IPO







Photo credit © Reuters

(Reuters) – SoftBank is seeking artificial intelligence (AI) deals, including a potential investment in OpenAI, following the listing of its Arm unit, the Financial reported Times Saturday.

SoftBank founder and chief executive Masayoshi Son is seeking to invest tens of billions of dollars in AI, the newspaper said, citing two people familiar with his thoughts.

The Japanese technology investment company could also try to enter into a broad strategic partnership with the maker of ChatGPT, according to the FT.

SoftBank is also exploring a series of alternatives to OpenAI, including a preliminary approach to buy Graphcore, a UK-based AI chip maker, the report added.

(Reporting by Lavanya Ahire in Bangalore, written by William Mallard, French version Benjamin Mallet)











Reuters

©2023 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.



Source link -87