11 Feb, 2025
4 mins read

SoftBank commits to joint venture with OpenAI, will spend $3 billion per year on OpenAI’s tech

SoftBank has committed to spending $3 billion per year for itself and its subsidiaries to use OpenAI’s tech, according to a joint announcement on Monday. The two also announced a new joint venture, billed as ‘SB OpenAI Japan,’ which will market OpenAI’s enterprise tech exclusively to major companies in Japan. The deal will give SoftBank […]

1 min read

‘The Black Swan’ author warns future selloffs could be 2-3 times worse than the DeepSeek shock as it reveals how fragile the economy is

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