SoftBank Sells Nvidia Stake, Invests in AI

SoftBank, the Japanese tech giant, has sold its entire stake in Nvidia, generating $5.8 billion. This strategic shift marks a focus on AI, particularly with OpenAI, as SoftBank plans to reinvest in other ventures. Nvidia, now a $5 trillion company, also plans a $100 billion investment in OpenAI. Despite the sale, SoftBank maintains ties with Nvidia and holds significant investments in other chipmakers, benefiting from the booming AI market. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.