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WSJ Tech News Briefing

SoftBank’s Masayoshi Son Finds a New Golden Boy in Sam Altman

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 5 February 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

The Japanese conglomerate’s CEO is in talks to spend up to $43 billion to boost Altman’s OpenAI, in what would be the biggest ever investment in a startup. The two companies also announced a joint venture this week. Startups and venture capital reporter Berber Jin joins host Pierre Bienaimé to talk about Son’s track record and what that fresh capital means for OpenAI. Plus, markets reporter Matt Wirz takes a look at the mountain of competing investments from every corner of Wall Street. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:33.8

Welcome to Tech News Briefing. It's Wednesday, February 5th. I'm Pierre Bienname for the Wall Street Journal.

0:39.3

There's a new power couple in the world of artificial intelligence.

0:43.3

The relationship between SoftBank CEO Masayoshi Sun and Sam Altman, the head of Open AI,

0:48.3

is built on what could be the biggest ever investment in a startup.

0:52.3

And then, we take a look at the rush of AI investments coming from every corner of Wall

0:57.5

Street too, and how some investors are making big bets in the new digital economy.

1:06.3

First up, SoftBank CEO Masayoshi Sun has a history of latching onto charismatic startup founders,

1:12.7

and he's found one in Open AI head Sam Altman.

1:15.9

This week, the two companies announced a joint venture to provide Japanese businesses

1:19.7

and maybe at some point the wider world with AI services.

1:24.3

And Sun is also preparing to put as much as $43 billion toward OpenAI in a pair of

1:29.6

transactions. Berber Jin covers startups and venture capital for the Wall Street Journal, and he joins

1:34.5

me now, and we should quickly note before we get into it that News Corp, owner of the Wall Street

1:39.2

Journal, has a content licensing partnership with OpenAI. Burber, what's this relationship like between Masayoshi Sun, the head of a Japanese conglomerate,

1:47.8

and OpenAI's Sam Altman?

1:50.1

As you mentioned, SoftBank is agreeing to invest up to $43 billion in OpenAI.

1:57.5

There hasn't been an investment of this size ever before in Silicon Valley, and it eclipses

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