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This week, SoftBank and OpenAI revealed a fresh 50-50 partnership to offer AI enterprise solutions in Japan under the “Crystal Intelligence” name. Initially, it appears to be a standard international expansion agreement. Nevertheless, SoftBank’s position as a key investor in OpenAI is prompting questions about whether AI’s largest deals are genuinely creating economic value or merely circulating funds.
On TechCrunch’s Equity podcast, Kirsten Korosec, Anthony Ha, and AI editor Russell Brandom explore the reasons behind the skepticism surrounding this deal and what it indicates about the viability of the present AI investment strategy, plus more.
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