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

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,
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SoftBank offloads entire $5.83 billion stake in Nvidia — firm sells off stock, cash will fund major investment in OpenAI, also in talks over Stargate

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.

Today’s Cache | SoftBank’s $5.8 billion Nvidia stake sale; OpenAI used song lyrics in copyright violation; Meta chief AI scientist Yann LeCun to exit

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, OpenAI launch new joint venture in Japan as AI deals grow ever more circular

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’s Nvidia exit fuels OpenAI push despite mounting losses, stiff competition from Anthropic

CNBC's MacKenzie Sigalos reports on news regarding OpenAI.
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