SoftBank Sells Nvidia Stake, Boosts AI Investments

SoftBank, the Japanese tech investment giant, sold its entire stake in Nvidia, valued at $5.83 billion, to strengthen its position in OpenAI. This move comes as SoftBank has been actively investing in AI, including leading a funding round for OpenAI potentially worth $40 billion. Despite exiting Nvidia, SoftBank remains connected through projects like the $500 billion Stargate data center initiative.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.