Key Points
- SoftBank has committed to spending $3 billion per year for itself and its subsidiaries to use OpenAI’s tech, according to a joint announcement on Monday.
- The two also announced a new joint venture, billed as “SB OpenAI Japan,” which will market OpenAI’s enterprise tech exclusively to major companies in Japan.
- The news comes days after CNBC confirmed that OpenAI is in talks to raise up to $40 billion in a funding round led by Masayoshi Son’s SoftBank at a valuation of up to $340 billion.