The circular money problem at the heart of AI’s biggest deals

SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether AI’s biggest deals are creating real economic value or just moving money in circles.  […]

SoftBank's OpenAI wager in focus as analysts upgrade share price target

TOKYO (Reuters) -Technology investor SoftBank Group reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring. But SoftBank’s ​belief in AI comes with risks amid growing concern of an “AI bubble” that could see SoftBank ‌overextended in companies at eye-watering valuations, repeating some of its debt-fuelled investment mistakes of the past. For now, analysts have re-rated SoftBank’‌s share price target up as the wave of investment in artificial intelligence infrastructure such as data centers continues apace and the frontrunners in AI development, such as SoftBank investee OpenAI, project rapid growth.

💔 AI-Powered Romance Scams Growing in Complexity

AI technologies are increasingly being employed in online romance scams, facilitating deceptive interactions. A recent case involved a Utah woman who lost substantial money to an AI-generated persona. This highlights the rising threat of generative AI in fraud, affecting victims globally and raising cybersecurity concerns.

Read More: