SoftBank inked a $3 billion deal with OpenAI in a joint venture to market OpenAI tech in Japan with its newly-minuted "Cristal Intelligence" suite of tools.

SoftBank Group CEO Masayoshi Son said on Monday he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to offer artificial intelligence services to corporate customers.The Japanese investment giant will also pay $3 billion annually to use OpenAI's technology across SoftBank group companies.

OpenAI will provide its AI research, technology, and engineering support to the JV, and SoftBank Corp. its sales staff and engineers. Chip designer Arm, which is majority-owned by SoftBank, will offer its compute platform to help meet the computational demands of Cristal intelligence.