Investing
SoftBank seeks AI investment as Son plans deal spree after Arm IPO -FT
© Reuters. FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -SoftBank is looking for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday.
SoftBank (TYO:)’s founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI , the newspaper said, citing two people familiar with Son’s thinking.
The Japanese tech investment company could also look to strike a broad strategic partnership with the ChatGPT maker, the FT said.
SoftBank is also looking at a range of alternatives to OpenAI, including a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the report added.
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