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SoftBank’s AI Ventures Face Delays Amidst Ambitious Plans
SoftBank’s AI Ventures Face Delays Amidst Ambitious Plans
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BTCCSquare news:
SoftBank's partnership with OpenAI in Japan, dubbed SB OpenAI Japan, remains stalled despite earlier promises of a July launch. The joint venture, aimed at deploying OpenAI's tools to Japanese businesses, has yet to materialize, with no clear explanation for the holdup. A November update is anticipated, but details remain scarce.
Meanwhile, SoftBank's $500 billion Stargate data center project in the U.S. is also lagging. CFO Yoshimitsu Goto acknowledged delays in partner negotiations and site selection, leaving the initiative in limbo. These setbacks come as Masayoshi Son doubles down on AI investments, seeking redemption after costly tech missteps.
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