OpenAI Reportedly In Talks To Raise $1 billion From SoftBank For AI Device Venture

Tool TrendAI • October 9, 2023

AI News

OpenAI Reportedly In Talks To Raise $1 Billion From SoftBank For AI Device Venture

OpenAI, a non-profit research laboratory co-founded by Elon Musk, Sam Altman, and others, is reportedly in talks to raise $1 billion from SoftBank, a Japanese multinational investment holding company, for an AI device venture.

The venture is said to be aimed at developing an “iPhone of artificial intelligence” – a consumer device that would make AI more accessible and user-friendly. OpenAI is known for its development of ChatGPT, a powerful language model that can generate text, translate languages, and answer questions in a comprehensive and informative way.

SoftBank has a history of investing in big bets on emerging technologies, and it is clear that the company sees AI as a major opportunity. Masayoshi Son, the founder and CEO of SoftBank, has said that he believes AI will surpass human intelligence in a decade.

The potential deal between OpenAI and SoftBank could be a major milestone in the development of AI. It would provide OpenAI with the resources it needs to develop and commercialize its AI technology, and it would give SoftBank a major stake in the future of AI.

What could an “iPhone of artificial intelligence” look like?

It is difficult to say exactly what an “iPhone of artificial intelligence” would look like, but it is possible to imagine a device that would be able to:

Understand and respond to natural language commands
Learn from its interactions with the user and adapt to their needs
Provide access to a wide range of AI-powered services, such as search, translation, and writing assistance

Such a device could revolutionize the way we interact with computers and the world around us. It could make AI more accessible to people of all skill levels, and it could enable us to do things that we never thought possible.

The potential impact of the deal between OpenAI and SoftBank

The potential deal between OpenAI and SoftBank could have a major impact on the development and adoption of AI. It would provide OpenAI with the resources it needs to develop and commercialize its AI technology, and it would give SoftBank a major stake in the future of AI.

The deal could also lead to the development of new and innovative AI-powered products and services. For example, OpenAI and SoftBank could work together to develop a new AI-powered smartphone or a new AI-powered home assistant.

Overall, the potential deal between OpenAI and SoftBank is a positive development for the field of AI. It signals that major investors are confident in the future of AI, and it could lead to the development of new and innovative AI-powered products and services that benefit everyone.