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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
๐ฅCatch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
๐ฅCatch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 โ the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youโre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
๐ Don't miss out โ secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 โ the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youโre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
๐ Don't miss out โ secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
๐ LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
๐ Facebook: https://www.facebook.com/FinanceMagnatesEvents
๐ธ Instagram: https://www.instagram.com/fmevents_official
๐ฆ Twitter: https://twitter.com/F_M_events
๐ฅ TikTok: https://www.tiktok.com/@fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!