SoftBank Considers Investment or Partnership With OpenAI: FT

SoftBank is seeking to invest in artificial intelligence companies and may seek to spend tens of billions in the sector, the Financial Times reported.

(Bloomberg) — SoftBank is seeking to invest in artificial intelligence companies and may seek to spend tens of billions in the sector, the Financial Times reported.

The company is considering a range of options including a strategic partnership with, or investment in, Open AI, the paper reported, citing two unidentified people familiar with SoftBank founder Masayoshi Son’s views.

SoftBank also has made a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the FT reported. Graphcore denied it had received an offer from SoftBank, and SoftBank declined to comment, according to the FT.

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