SoftBank and OpenAI say AI demand is unstoppable

SoftBank and OpenAI leaders, Masayoshi Son and Sam Altman, emphasized the rapidly increasing demand for AI and the need for more computing power. They discussed integrating AI into businesses, suggesting it could create jobs. Altman stated that decreasing the cost of AI would significantly increase its adoption. Son aims to deploy one billion AI agents within SoftBank and is creating an operating system for them. SoftBank's joint venture with OpenAI will enhance ChatGPT and develop enterprise AI solutions. SoftBank businesses plan to invest approximately $3 billion annually to access OpenAI's services. Son intends to invest $30 billion in OpenAI if certain operational adjustments are made. The partnership also includes the $500 billion Stargate project for data centers and AI computing centers. SoftBank shares increased by 38% following these announcements. Analysts note that despite the share price increase, SoftBank's stock remains below its net worth.