The first report on the State of the Digital Decade provides a comprehensive look at progress toward achieving the digital transformation to empower a more digitally sovereign, resilient, and competitive EU.
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.