OpenAI and SoftBank $9984 (-1,64%) establish the joint venture "SB Open AI Japan". This new company will be a subsidiary of the SoftBank Group and the shares will be split 50/50. Existing and new products from OpenAI, including the AI assistant "Operator" and the new "Deep Research" function, will be bundled in Japan under the name "Crystal Intelligence" exclusively marketed in Japan.
SoftBank will invest 3 billion $in the rights to OpenAI's technology, among other things, and will also employ 1000 new specialists for the joint project. At an event in Tokyo Sam Altman and Masayoshi Son presented the project. The guests in the room represented around half of the market capitalization of the entire Japanese stock market. They are the ones to whom the AI products are to be sold, resulting in an enormous increase in productivity and thus economic revival economic revival. The two CEOs then met with the Japanese Prime Minister Prime Minister Shigeru Ishibawho promised his full support.
This news is just one more of many promising developments with regard to the SoftBank Group. The company has the potential to become a leader in the global AI industry and one of its biggest beneficiaries. Many announcements must now be followed by many actions, but even if only half of the plans are implemented, and I think there will be more, the share currently appears massively undervalued. It is impressive how much a single company can influence an entire country. I wish we had a company in Germany that would drive innovation forward so aggressively. In any case, the next few years will be very exciting!
