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SoftBank, OpenAI launch AI joint venture in Japan

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SoftBank Group and OpenAI are launching a joint venture in Japan that focuses on artificial intelligence.

Called SB OpenAI Japan, the joint venture will be opened by OpenAI and a company formed by SoftBank and its domestic telecoms arm.

SoftBank is reportedly paying $3 billion per year to access OpenAI's technology.

Read more from Reuters.

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