SoftBank seeks AI investment as Son plans deal spree after Arm IPO -FT

(Reuters) -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.

SoftBank (TYO:)’s founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI , the newspaper said, citing two people familiar with Son’s thinking.

The Japanese tech investment company could also look to strike a broad strategic partnership with the ChatGPT maker, the FT said.

SoftBank is also looking at a range of alternatives to OpenAI, including a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the report added.