SoftBank inked a $3 billion deal with OpenAI in a joint venture to market OpenAI tech in Japan with its newly-minuted "Cristal Intelligence" suite of tools.

SoftBank has committed to spending $3 billion per year to use OpenAI's tech, according to a joint announcement on Monday

Japanese technology giant SoftBank Group and OpenAI are stepping up their partnership in artificial intelligence, setting up a 50-50 held company called SB OpenAI Japan.

SoftBank Group CEO Masayoshi Son said Monday that his tech investment company and artificial intelligence giant OpenAI, the developer

They will seek the support of hundreds of Japanese companies to build data centre and other AI-supporting hardware. Read more at straitstimes.com.

TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Monday he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to offer artificial intelligence services to corporate customers.