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

SOFTBANK Group’s founder Masayoshi Son is taking the stage in Tokyo on Monday (Feb 3) with OpenAI chief Sam Altman, part of a global push to spur investment in artificial intelligence (AI) supporting infrastructure.

Japan's SoftBank Group will form a joint venture with US tech giant OpenAI to offer advanced artificial intelligence to businesses, SoftBank chief executive Masayoshi Son announced on Monday.

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 customers. (Reporting by Sam Nussey;

SoftBank and OpenAI will host a gathering of more than 500 Japanese companies in Tokyo on Monday. They will seek the participation of a wide range of industries -- from transportation and logistics to manufacturing, pharmaceuticals and finance -- with an eye toward tapping into their data troves to develop generative AI for industry.