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

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Illustration shows OpenAI logo

OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights

Sept 16 (Reuters) - SoftBank (9984.T) 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'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.

Reporting by Lavanya Ahire in Bengaluru; Editing by William Mallard

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