Japanese major SoftBank is mulling to make an investment in Sam Altman-run OpenAI after the blockbuster listing of British chip designer Arm owned by Softbank, the media reported on Saturday.
Masayoshi Son, SoftBank’s founder and CEO, is potentially “looking to invest tens of billions in AI after completing Arm’s initial public offering,” reports The Financial Times. SoftBank, which acquired Arm for $31 billion in 2016, controls about 90 per cent of shares outstanding.
