SoftBank CEO Goes 'All In' on OpenAI with $33.2 Billion Investment Plan
Summary
SoftBank CEO Masayoshi Son announces plans to invest $33.2 billion in OpenAI, predicting it will become the world's most valuable company and positioning SoftBank as the leading platform provider for artificial superintelligence within a decade.
Key Points
- SoftBank CEO Masayoshi Son declares the company is 'all in' on OpenAI with planned investments reaching $33.2 billion, believing OpenAI will become the world's most valuable company when it goes public
- Son reveals he wanted to be an early OpenAI investor in 2019 and was prepared to invest $10 billion, but lost out to Microsoft who became the exclusive partner
- SoftBank aims to become the biggest platform provider for 'artificial superintelligence' within the next decade, with Son considering establishing a $1 trillion AI industrial complex in the U.S.