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SoftBank x OpenAI
AI-powered joint venture in Japan 💰🤝
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
✅ SoftBank & OpenAI launch AI-powered joint venture in Japan 💰🤝
✅ $3B per year to integrate AI across businesses 📈
✅ Fintech leaders weigh in on AI’s impact in finance 🏦💡
✅ Upcoming fintech events you can’t miss! 📅🚀
SoftBank, a big Japanese company, and OpenAI, the creators of ChatGPT, are joining forces to bring smart AI services to businesses in Japan.
🚨 Breaking News: SoftBank and OpenAI are starting a new company called SB OpenAI Japan to help Japanese businesses use advanced AI technology.
⚡ Wire Simplified:
SoftBank and OpenAI are creating a joint venture named SB OpenAI Japan.
SoftBank will invest $3 billion each year to use OpenAI's technology in its group companies.
They plan to offer AI services to businesses in Japan.
SoftBank is also thinking about investing an additional $15 billion to $25 billion in OpenAI.
✔️ Straight to the Point:
SoftBank and OpenAI are partnering to make AI more accessible for Japanese businesses, aiming to boost innovation and efficiency.
Do you think this partnership will benefit Japanese businesses? |
Lloyds Banking Group, a major UK bank, has hired Dr. Magdalena Lis to ensure their use of AI is safe and responsible.
🚨 Breaking News: Dr. Magdalena Lis is now leading Lloyds' efforts to use AI in a way that's both innovative and ethical.
⚡ Wire Simplified:
Dr. Lis will oversee the responsible development and use of AI at Lloyds.
She joins a team of over 200 AI specialists at the bank.
Dr. Lis has a PhD in computational linguistics and 15 years of AI experience.
She previously worked at Toyota Connected Europe as head of analytics and data science.
✔️ Straight to the Point:
Lloyds Banking Group is strengthening its commitment to ethical AI by appointing Dr. Lis to lead their responsible AI initiatives.
Do you trust banks to use AI responsibly? |
Interesting thing to meditate on: The Internet was born as Arpanet for the million or so smartest people in the world. The protocols and culture were set for and by smart people, mainly a form of priestly researcher class.
Fintech Talents North America 2025
Fintech Talents North America is the ultimate FinTech event for credit unions, community banks, financial institutions, and FinTechs from across North America. The event offers networking opportunities, workshops, and discussions on the latest trends in FinTech.
Date: September 2–3, 2025 | Location: New York, NY, USA
Book your seat here
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