SoftBank s founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI after completing Arm s initial public offering, the report said
SoftBank is looking for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday.
Arm’s IPO is reportedly set to expand SoftBank’s war chest to as much as $65 billion. According to the report, SoftBank is also looking at making substantial investments in direct rivals of the ChatGPT maker. SoftBank said in a statement that “We do not comment on rumours.” OpenAI declined to comment on the report.