Softbank and OpenAI to form a SB OpenAI Japan joint venture.

Softbank, a Japanese multinational conglomerate holding company, and OpenAI, an American artificial intelligence research laboratory, to form a SB OpenAI Japan joint venture. Financial terms were not disclosed. “We are thrilled to bring Cristal intelligence, Advanced Enterprise AI that is customized specifically for each company, to the market in a big way. This initiative will not only transform the way SoftBank Group operates but also revolutionize the way companies work in Japan and around the globe. SoftBank Group is fully committed to leveraging the new products across our entire organization and utilize our great partnership with OpenAI to drive the AI Revolution forward," Masayoshi Son, SoftBank Chairman and CEO.