SoftBank sells entire $5.8B NVIDIA stake
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SoftBank sold its stake in Nvidia and is all in on OpenAI. Here's what else we learned about the AI race in its earnings call.
SoftBank Group has sold $5.8 billion sale of Nvidia stake reigniting fears around the AI bubble. Recently, Wall Street bank chiefs and notable short seller Michael Burry have raised warnings around risks from a bubble.
SoftBank's joint venture with OpenAI will localize and sell the AI company's enterprise tech to companies in Japan. And the first customer of this joint venture is going to be SoftBank itself.
SoftBank has confirmed it sold its entire stake in Nvidia in October, offloading 32.1 million shares for $5.83 billion. The disclosure came Tuesday alongside the Japanese conglomerate’s latest earnings report.
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SoftBank’s Nvidia exit fuels OpenAI push despite mounting losses, stiff competition from Anthropic
CNBC's MacKenzie Sigalos reports on news regarding OpenAI.