Japanese conglomerate Softbank is considering investing billions in AI initiatives, potentially partnering with Microsoft-backed OpenAI. Despite a Q2 2023 net loss of $3.3 billion, Softbank’s investment gain of $1.1 billion in its Softbank Vision Fund suggests a renewed focus on active AI-related investments, marking a shift away from cryptocurrency ventures since 2022.
Softbank Looking to Invest Billions in AI After Pausing Crypto Investments
