remember, masayoshi son has a 300 year vision. he's putting it to work right. >> now, 300 year.tually. deirdre, thanks very much. deirdre bosa. the tech world is also still buzzing about elon musk's $97 billion offer for openai, while sam altman rejected the bid. my next guest says it was clever. musk was very clever in making this bold move. joining me with more on that and the next big thing in silicon valley. we don't have to talk about softbank is sam lessin, general partner at slowe ventures. sam, it's good to have you here. welcome. >> we can. >> talk about softbank if you want. >> you know i was i was going to tee you up for you know your take on that. but maybe maybe it'll be different this time. >> maybe who knows. i would say that you know in our fund. >> we generally. >> sell when softbank buys. >> let's leave. >> it at that. >> i thought there now people know and they can take that for. but listen backing up for a second, what is the larger message of this fight that elon musk is waging about over openai? >> yeah. look i think. >> elon feels burned. like on personal.

masayoshi son.thing. >> he knows. >> everybody. >> and he. >> tells a great story. >> we, you know. >> the line, we're going to need a bigger boat. >> yeah. >> we're going to need more than four hours. >> for lionel. >> good. >> that's what. >> happens if. >> i. >> can't swim. >> exactly. so, so, lionel. >> for. >> for most americans, they don't know morse. they don't know who masa is. >> and yet. >> people in business. >> circles. >> you're you're next to steph. and she finds out who this is about. she goes, oh my god. explain it to viewers who masa is. >> he was the richest man in the world in february 2000, richer than warren buffett. bill gates, he's a media tech investor with a very high risk appetite. and if you think of this technological wave that's hit us over. >> the last. >> 40 years, he's he's been like forrest gump. he's been either close to or at the heart of the action, either trying to buy a company, big company like alibaba, buy a stake in it, make money all over the world, or buy a

guys, masayoshi son has just had so many different lives. he's been, you know, every tech cycle since the internet, with some with a spotty track record, but you know, enough wins to keep going. >> for sure. and, you know, maybe one of the benefits from his perspective of this particular initiative is how long it's going to take to not just get this all money raised, money deployed, the actual facilities built, and then to see what the models do off of it. you know, we're not going to have a test of whether this is all getting a payoff for some time. >> no. and i mean, there's where a lot of the risk lies as well. right? this is going to take time to build out. and meanwhile you have the hyperscalers amazon, microsoft, aws. they're expanding spending billions and billions of dollars in their own capex for next generation ai and data centers. so it's a very, very big bet here. and, you know, he's really betting on open ai at a time when open ai's moat is facing some questions. i mean, this puts open ai. there's also the investment right into

japan softbank ceo masayoshi son and openai ceo sam altman announced that partnership today. planning to offer ai services to corporate customers in japan, with a goal of expanding to companies around the world. services will include streamlined planning, marketing and communications. >> this can do complex research tasks for you, tasks that might take 30 minutes. they might take 30 days. >> softbank is paying $3 billion annually to use openai's technology. the two companies are part of the stargate project, which is supported by president donald trump. the project is investing up to $500 billion in artificial intelligence infrastructure in the u.s. [music] and still ahead tonight, marking two years since the disastrous derailment in east palestine, ohio. the new lawsuit claiming that incident has since turned deadly. and in the wake of the southern california fires, insurance claims are pouring in andtate farm insurance says it needs to raise its rates immediately. why? they say that's necessary to avert a, quote, dire situation and a concerning study out of ucsf. what resea