'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
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from Hindustan Times3 months ago
SoftBank's Masayoshi Son expressed a passion for achieving artificial super intelligence, stating, "This is what I was born to do, to realise ASI." This reflects his ambition to position the company as a leader in AI.
Hindustan Timeshttps://www.hindustantimes.com/business/this-is-what-i-was-born-to-do-masayoshi-sons-softbank-to-invest-another-1-5-billion-into-openai-for-ai-development-101732782932816.html
The investment through a tender offer allows current and former OpenAI employees to sell their stocks, indicating SoftBank's strategic move to align itself closely with OpenAI, which was valued at $150 billion in its last funding round.
Hindustan Timeshttps://www.hindustantimes.com/business/this-is-what-i-was-born-to-do-masayoshi-sons-softbank-to-invest-another-1-5-billion-into-openai-for-ai-development-101732782932816.html
While SoftBank's investment strengthens its role as a significant backer of OpenAI, Microsoft’s more than $13 billion investment highlights the competitive landscape of AI funding, emphasizing the importance of partnerships in this sector.
Hindustan Timeshttps://www.hindustantimes.com/business/this-is-what-i-was-born-to-do-masayoshi-sons-softbank-to-invest-another-1-5-billion-into-openai-for-ai-development-101732782932816.html
As AI startups are securing substantial funding, with Elon Musk's xAI and Anthropic raising billions, SoftBank's $1.5 billion investment underscores the mounting competition and investment potential in the artificial intelligence market.
Hindustan Timeshttps://www.hindustantimes.com/business/this-is-what-i-was-born-to-do-masayoshi-sons-softbank-to-invest-another-1-5-billion-into-openai-for-ai-development-101732782932816.html
Read at Hindustan Times
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