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SoftBank has announced a significant commitment to OpenAI, pledging $3 billion annually to utilize its technologies, including ChatGPT Enterprise. This partnership also introduces a new joint venture, 'SB OpenAI Japan,' aimed at marketing OpenAI's enterprise solutions to major Japanese companies. The collaboration comes as OpenAI seeks to raise up to $40 billion in funding, with SoftBank potentially becoming its largest backer.
The deal will provide SoftBank and its subsidiaries access to a suite of OpenAI products, branded as 'Cristal Intelligence,' enhancing productivity and operational efficiency. Notably, Arm, a chip designer under SoftBank, will leverage these tools to improve its processes. The partnership reflects a broader ambition to achieve artificial general intelligence (AGI) within the next decade, emphasizing the need for substantial investment in AI technologies.
• SoftBank commits $3 billion annually to utilize OpenAI's technologies.
• Joint venture 'SB OpenAI Japan' targets major companies in Japan.
AGI refers to AI that can perform any intellectual task that a human can do, which SoftBank believes will be achieved in large enterprises first.
ChatGPT Enterprise is a version of OpenAI's chatbot designed for business applications, which SoftBank will utilize to enhance its operations.
SoftBank is a major investor in technology and telecommunications, now focusing on AI through its partnership with OpenAI.
OpenAI is a leading AI research organization known for developing advanced AI models, including ChatGPT, which SoftBank will leverage.
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