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Investing.com-- SoftBank Group (TYO:9984) aims to become the world’s leading artificial super intelligence platform provider within the next decade and expects OpenAI to eventually go public, CEO Masayoshi Son said on Friday.
“We want to become the organiser of the industry in the artificial superintelligence era,” he said at the group’s annual shareholder meeting.
Son also revealed that SoftBank has signed a new deal with OpenAI, bringing its total investments in the AI firm, including previously planned commitments, to $32 billion.
This follows its earlier pledge of up to $40 billion in funding for OpenAI at a $300 billion valuation, positioning SoftBank as a key backer.
SoftBank has also committed to invest in the $500 billion "Stargate" project along with OpenAI, Oracle (NYSE:ORCL), Microsoft (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and MGX to build AI and robotics infrastructure in the U.S.
SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility.
Tokyo-listed Softbank (OTC:SFTBY) shares were trading nearly 3% higher as of 03:23 GMT, amid broad-based buying in Japan.