SoftBank in Talks to Invest Up to $25 Billion in OpenAI

JPJapan|

Japanese investment group SoftBank is negotiating a potential investment of $15 billion to $25 billion in OpenAI, the company behind ChatGPT. If finalized, this funding would position SoftBank as the largest financial backer of the San Francisco-based startup, as reported by the Financial Times.

SoftBank, which has a diverse portfolio that includes stakes in TikTok's parent company ByteDance and British chip designer Arm, previously supported a funding round for OpenAI that valued it at approximately $157 billion. Microsoft is currently the largest shareholder of OpenAI and participated in the same funding round.

Additionally, OpenAI and SoftBank established a partnership with Oracle to create Stargate, described by Donald Trump as “the largest AI infrastructure project in history,” with an initial investment of $100 billion aimed at developing data centers for AI systems. In response to skepticism from Elon Musk regarding the funding, OpenAI CEO Sam Altman asserted the investment's benefits for the country.

SoftBank's proposal has been reviewed by OpenAI's senior executives but remains unconfirmed, and both companies declined to comment.

Weekly Newsletter

Loading...

More from Japan

Japan Unveils Advanced Railgun to Counter Hypersonic Missiles

Japan's Maritime Self-Defense Force has introduced a ship-mounted electromagnetic railgun capable of intercepting hypersonic missiles. The weapon was showcased aboard the experimental JS Asuka during recent testing, aimed at enhancing national security in response to rising threats from China, Russia, and North Korea, according to officials. Unlike traditional munitions that rely on explosives, the railgun utilizes electromagnetic energy to launch projectiles at speeds exceeding 2,500 meters per second. This represents a significant increase over conventional artillery, which operates at approximately 1,750 meters per second. This advanced capability allows for rapid and cost-effective defenses against fast-moving missile threats. The development of the railgun began in 2016, with its first onboard firing test conducted in October 2023. Vice Admiral Omachi Katsushi, commander of the Self Defense Fleet, inspected the weapon's progress and emphasized its role in bolstering Japan’s military readiness. This initiative comes as Japan previously estimated it possessed only 60% of the interceptor missiles required for adequate national defense as of 2022.
JPJapan

Discovery of 12,000-Year-Old Underwater Pyramid in Japan Sparks Debate on Ancient Civilizations

A mysterious underwater structure known as the Yonaguni Monument, located off the coast of Japan, has raised significant interest due to its age and potential implications for our understanding of ancient societies. Discovered in 1986 and situated approximately 25 meters below sea level near the Ryukyu Islands, the monument is approximately 27 meters long and 27 meters wide, resembling a pyramid with sharp-angled steps. Recent tests suggest the stone structure is over 12,000 years old, challenging traditional beliefs that advanced architecture developed only after the advent of agriculture around that time. According to The New York Post, debates have erupted among scholars regarding whether the monument is man-made or the result of natural formations. Notable figures like author Graham Hancock advocate for the idea of intentional design, pointing to features that resemble steps and carvings, while skeptics, including archaeologist Flint Dibble, argue against this perspective. The findings surrounding the Yonaguni Monument could significantly alter historical timelines and suggest the existence of lost civilizations akin to the fabled Atlantis.
JPJapan

Japan Faces Potential $1.8 Trillion Loss from Anticipated Megaquake

A recent government report warns that Japan's economy could incur losses of up to ¥270.3 trillion (approximately $1.8 trillion) due to a potential megaquake off its Pacific coast. The Cabinet Office indicated that this figure represents nearly half of the nation’s total GDP and has increased from a previous estimate of ¥214.2 trillion, attributing the rise to inflation and updated ground data, which expand expected flood areas. Japan, situated in a seismic hotspot, has an estimated 80% probability of experiencing a magnitude 8 to 9 earthquake along the Nankai Trough, a submerged zone stretching nearly 900 kilometers off the country’s southwest coast. In a worst-case scenario, the report projects up to 1.23 million evacuees, representing about 1% of Japan's population, and a death toll potentially reaching 298,000 if the quake occurs at night during winter. This advisory follows last year's heightened warnings after a magnitude-7.1 quake near the Trough, underscoring increasing seismic risks in the region, similar to the catastrophic 2011 disaster which resulted in over 15,000 fatalities.
JPJapan