Softbank has sold its entire $5.83 billion stake in Nvidia, the AI chip manufacturer, to fully fund its significant investment in OpenAI, the artificial intelligence company led by Sam Altman. The Japanese investment giant, under CEO Masayoshi Son, divested all its Nvidia shares in October as part of a broader strategy to allocate substantial capital towards OpenAI.
This move is intended to secure Softbank's financial strength and readiness for funding opportunities, including the planned $22.5 billion investment in OpenAI. The proceeds from the Nvidia sale, along with a partial sale of its T-Mobile st... download the app to read more
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