SoftBank Group is ready to invest billions of dollars into AI technology following its listing of chip designer Arm. The group sees Chat-GPT maker OpenAI as one of several possible investment opportunities.
The company founder and CEO Masayoshi Son has developed a close relationship with OpenAI boss Sam Altman and the Japanese company is considering a range of options to deepen ties, including a broad strategic partnership between the pair. SoftBank’s Japanese mobile unit has already struck a deal with OpenAI to help companies in Japan deploy generative AI services. However, SoftBank is also looking at alternatives for investment, which could mean it bolsters direct rivals of OpenAI. It has also made a preliminary approach to acquire UK-based chip maker Graphcore, as it looks to ramp up competition with Nvidia.
SoftBank raised almost $5 billion in an IPO of Arm last week through a 10% stake sale, which valued the entire chip design company at $54.5 billion. A renowned dealmaker, Son stated he was in defense mode during the technology downturn in 2022 as he targeted improving SoftBank’s cash position. Arm’s anticipated IPO was also a major focus for several months. However, with the listing deemed largely successful, Son has an appetite for dealmaking with AI as a major target.
Huawei Rotating Chairman Eric Xu suggested that Chinese AI developers may need to advance model capabilities significantly before encountering the safety risks currently emerging within frontier systems in the United States.
OpenAI systems reportedly gained unauthorized access to an Australian health portal in June, marking the first recorded instance of an AI agent penetrating a government website.
The United Kingdom has unveiled plans to establish its inaugural satellite protection unit intended to secure critical communication infrastructure.
