SoftBank’s Masayoshi Son Finds a New Golden Boy in Sam Altman
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 5 February 2025
⏱️ 11 minutes
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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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