SoftBank Sells Nvidia Stake for OpenAI Investment

SoftBank, led by CEO Masayoshi Son, sold its entire Nvidia stake, valued at nearly six billion dollars, to invest in OpenAI. The move, despite Sons respect for Nvidia, was driven by the need to capitalize on the AI boom and allocate resources to new opportunities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.