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SoftBank to Acquire $1.5 Billion Stake in OpenAI

TOKYO, Nov 28 (News On Japan) - SoftBank Group is set to acquire up to $1.5 billion (approximately 225 billion yen) worth of OpenAI shares from its employees, according to a report by CNBC on November 27th.

Sources reveal that Masayoshi Son, Chairman and CEO of SoftBank, has been seeking additional shares in OpenAI through the Vision Fund, following an initial investment in the AI developer behind ChatGPT. OpenAI has reportedly approved the deal.

The report also states that OpenAI employees have until December 24th to decide whether to participate in this new round of funding.

Source: テレ東BIZ

Nara’s Leading Sock Maker Supplies 10,000 Pairs for Expo

Socks from a leading manufacturer in Nara Prefecture, Japan’s top producer, have been chosen for the official uniforms of staff at the Osaka-Kansai Expo. On February 21st, 10,000 pairs were shipped to Osaka.

Year-End Moving Costs Soar: What's Behind the Price Hike?

As the end of the fiscal year approaches, demand for moving services is surging, driving costs to unprecedented levels. Estimates from moving companies suggest that fees, currently around 200,000 yen, could double to 400,000 yen by late March.

New 'M10' Maglev Car Begins Testing

JR Central announced on Thursday the introduction of a new test car, the 'M10,' for the maglev test track in Yamanashi Prefecture.

Kansai Airport Unveils New Immigration System

Kansai International Airport’s newly renovated immigration area was unveiled this week, boasting an open-concept design that allows travelers to submit passports, facial photos, and fingerprints in a single step.

Tokyo Clinics Overwhelmed as Foreign Tourists Seek Medical Help

With the arrival of the Spring Festival, a surge in Chinese tourists is bringing an influx of foreign patients to Japanese clinics. From a vegetarian suffering appendicitis after indulging in local cuisine to an American traveler sustaining a head injury at a ryokan, clinics are seeing a wide range of medical cases.

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Meta Layoffs Surge As AI Hiring Speeds Up

Meta platforms, the parent company of Facebook, Instagram, and Whatsapp, is set to lay off thousands of employees starting February 10, marking another wave of job cuts in the tech industry. (WION)

Strawberry Crisis: Declining Harvests Spur AI Innovations

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'AI Buddha' Developed by Kyoto University Introduced in Bhutan

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Can AI Make Government More Efficient? Tokyo’s Experiment Begins

Have you ever felt frustrated that your voice is not reflected in local government decisions? Bureaucratic processes often seem slow and inefficient. In Tokyo, a new initiative aims to change that with artificial intelligence.

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