The company is eager to invest a big buck in the artificial intelligence sector.
The rumors emerged after a successful IPO of the company's subsidiary, Arm.
The
Japanese conglomerate SoftBank is seeking investment opportunities in the
artificial intelligence (AI) industry. Following the booming stock market debut
of its subsidiary Arm, a British chip manufacturer, Masayoshi Son's company is
exploring the possibility of investing in OpenAI. The creator of the popular
ChatGPT is an attractive target for tech firms looking to join the rapidly
growing trend of AI-based solutions.
SoftBank Sets Its Sights
on OpenAI
According
to a weekend report by the Financial Times (FT), at least two people
familiar with the matter confirmed that Son, the Founder and driving force
behind SoftBank, wants to invest tens of billions of dollars in the AI
industry.
OpenAI,
which has already received significant support from Microsoft, is one of the
options being considered by the Asian conglomerate. However, when asked for a commentary,
a SoftBank spokesperson told FT that the company does not comment on rumors.
Son
describes himself as a 'heavy user' of OpenAI's chat service and has
established a close relationship with Sam Altman, the company's CEO. According
to Son, Altman is currently 'one of the most important people on the planet',
with whom he allegedly speaks every day.
SoftBank
has already begun collaborating with OpenAI in the Japanese market, allowing
local companies to develop intelligent chatbots. If things do not work out with
ChatGPT, the company is considering alternative deals. One such option
would be the acquisition of Graphcore, a British AI chip maker. Alongside Arm,
this would be another UK-based chip manufacturer to join SoftBank's portfolio.
SoftBank's AI Chip Maker
Makes Stock Market Debut
Last
Thursday, shares of Arm Holdings, a SoftBank subsidiary that produces AI chips,
went public on the Nasdaq stock exchange, rising 25% on the first day of
trading to $51. The company was valued at $60 billion and sold 95.5 million
shares under the symbol ARM.
Arm's
technology powers nearly every chip in today's smartphones, but the company
plans to shift its focus increasingly towards artificial intelligence. The
long-awaited debut on the American stock exchange was the largest Wall Street
has seen in 2023.
It is worth
noting that Nvidia, one of the world's largest chip manufacturers, was also
interested in Arm for a while. Talks about the sale of the subsidiary by
SoftBank had been ongoing since 2021, but in early 2022, the companies
announced the suspension of the acquisition. The reasons cited were 'regulatory
challenges' and a change in strategy by Son's company, which decided to take it
public instead. This was successfully accomplished a year and a half later.
The
Japanese conglomerate SoftBank is seeking investment opportunities in the
artificial intelligence (AI) industry. Following the booming stock market debut
of its subsidiary Arm, a British chip manufacturer, Masayoshi Son's company is
exploring the possibility of investing in OpenAI. The creator of the popular
ChatGPT is an attractive target for tech firms looking to join the rapidly
growing trend of AI-based solutions.
SoftBank Sets Its Sights
on OpenAI
According
to a weekend report by the Financial Times (FT), at least two people
familiar with the matter confirmed that Son, the Founder and driving force
behind SoftBank, wants to invest tens of billions of dollars in the AI
industry.
OpenAI,
which has already received significant support from Microsoft, is one of the
options being considered by the Asian conglomerate. However, when asked for a commentary,
a SoftBank spokesperson told FT that the company does not comment on rumors.
Son
describes himself as a 'heavy user' of OpenAI's chat service and has
established a close relationship with Sam Altman, the company's CEO. According
to Son, Altman is currently 'one of the most important people on the planet',
with whom he allegedly speaks every day.
SoftBank
has already begun collaborating with OpenAI in the Japanese market, allowing
local companies to develop intelligent chatbots. If things do not work out with
ChatGPT, the company is considering alternative deals. One such option
would be the acquisition of Graphcore, a British AI chip maker. Alongside Arm,
this would be another UK-based chip manufacturer to join SoftBank's portfolio.
SoftBank's AI Chip Maker
Makes Stock Market Debut
Last
Thursday, shares of Arm Holdings, a SoftBank subsidiary that produces AI chips,
went public on the Nasdaq stock exchange, rising 25% on the first day of
trading to $51. The company was valued at $60 billion and sold 95.5 million
shares under the symbol ARM.
Arm's
technology powers nearly every chip in today's smartphones, but the company
plans to shift its focus increasingly towards artificial intelligence. The
long-awaited debut on the American stock exchange was the largest Wall Street
has seen in 2023.
It is worth
noting that Nvidia, one of the world's largest chip manufacturers, was also
interested in Arm for a while. Talks about the sale of the subsidiary by
SoftBank had been ongoing since 2021, but in early 2022, the companies
announced the suspension of the acquisition. The reasons cited were 'regulatory
challenges' and a change in strategy by Son's company, which decided to take it
public instead. This was successfully accomplished a year and a half later.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa