
SoftBank Sells $5.8B Nvidia Stake to Fund AI Push
Japanese investment giant SoftBank has sold its entire $5.8 billion stake in Nvidia to finance a massive $30 billion commitment to AI developer OpenAI.
6 articles tagged

Japanese investment giant SoftBank has sold its entire $5.8 billion stake in Nvidia to finance a massive $30 billion commitment to AI developer OpenAI.

SoftBank Group has approved the remaining $22.5 billion of its investment in OpenAI, providing a major boost for AI research and development.

OpenAI is in discussions with SoftBank Group to potentially develop custom AI chips, a move aimed at reducing dependency on Nvidia and lowering high operational costs.

SoftBank Group has agreed to acquire the robotics division of Swiss engineering firm ABB for $5.4 billion, a major step in its strategy to advance in artificial intelligence and automation.

A portion of the former General Motors complex in Lordstown, Ohio, is being redeveloped for an AI server and data center as part of a global initiative.

OpenAI, Oracle, and SoftBank are expanding the Stargate AI project with five new U.S. data centers, bringing total investment to over $400 billion.