SoftBank Sells $5.8 Billion Nvidia Stake to Fund Massive OpenAI Investments
Tech giant offloads entire Nvidia position to pay for soaring A.I. expenses SoftBank has fully sold its $5.8 billion stake in Nvidia to help finance its rapidly expanding artificial intelligence investments, the company confirmed in its quarterly earnings report on Tuesday. The move comes as concerns grow that the A.I. stock boom may be overheating. … Read more