"Case in point: SoftBank, which is investing tens of billions into OpenAI and committing dozens more to build AI data centers and infrastructure, 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. And the first customer of this joint venture is going to be SoftBank itself."
"Called SB OAI Japan, the joint venture will be owned 50-50 by SoftBank and OpenAI, and will provide what the companies are calling "Crystal intelligence," which is being defined as a "packaged enterprise AI solution" targeted at corporate management and operations in Japan. "Crystal intelligence is designed to help organizations enhance productivity and management efficiency through the adoption of advanced AI tools. The solution combines OpenAI's enterprise offerings with localized implementation and support provided through SB OAI Japan," SoftBank said in a statement."
SoftBank is investing tens of billions into OpenAI and committing additional funds to build AI data centers and infrastructure. The two companies created a 50-50 joint venture, SB OAI Japan, to localize and sell OpenAI's enterprise technology to Japanese companies under a packaged offering called Crystal intelligence. SoftBank will be the venture's first customer and plans to deploy solutions across its businesses, validate effectiveness for product development and business transformation, and pass insights and expertise to other companies through the joint venture. Analysts raise concerns about heavy AI spending and inflated valuations for beneficiaries.
Read at TechCrunch
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