SoftBank inked a $3 billion deal with OpenAI in a joint venture to market OpenAI tech in Japan with its newly-minuted "Cristal Intelligence" suite of tools.

SoftBank Group CEO Masayoshi Son on Monday said he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to offer artificial intelligence services to corporate customers. Francis Maguire reports.

KEY TAKEAWAYS OpenAI has formed a joint venture with SoftBank Group to expand artificial intelligence services for businesses globally, starting with those in Japan.The two firms have set up a 50-50 joint venture called SP OpenAI Japan to deploy their Advanced Enterprise AI system,

OpenAI announced strategic partnerships with South Korea's KakaoTalk and Japan's SoftBank that will see significant collaboration on new Enterprise AI models.The Latest Tech News, Delivered to Your In

OpenAI said on Tuesday it will develop artificial intelligence products for South Korea with chat app operator Kakao , unveiling a second major alliance with a high-profile Asian partner this week.