SoftBank and OpenAI announced A new 50-50 joint venture To sell enterprise AI tools under the “Crystal Intelligence” brand in Japan this week. On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether the biggest AI deals are creating real economic value or just moving money around in circles.
on techcrunch equity Podcast, Kirsten Korosec, Anthony Ha, and AI editor Russell Brandom explain why people are skeptical of this deal, what it signals about the sustainability of current AI investment models, and much more.
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