SoftBank's Son plans AI deal spree after Arm IPO

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SoftBank's Son plans AI deal spree after Arm IPO
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(Reuters) -SoftBank is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its ...

- Japan's SoftBank is looking for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported onLee's impacts to be felt as the storm tracks into Atlantic Canada this weekend | SaltWire -SoftBank is looking for deals in artificial intelligence , including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday.

Son said in June that his tech investing conglomerate planned to shift its stance to"offence mode" amid excitement over advances in AI. Son has expressed excitement about AI technology, adding he is a"heavy user" of ChatGPT, the AI-powered chatbot from Microsoft-backed startup OpenAI. He has also said that he speaks"almost everyday" to OpenAI CEO Sam Altman.

In an emailed response to Reuters, Graphcore denied there was an attempt or offer from SoftBank to buy the company.Chip designer Arm secured a $54.5 billion valuation in its U.S. initial public offering on Wednesday, seven years after SoftBank took the company private for $32 billion.

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