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SoftBank in talks to invest up to billion more in OpenAI, source says

SoftBank in talks to invest up to $30 billion more in OpenAI, source says

amefika4 months ago02 mins

By Deepa Seetharaman Jan 27 (Reuters) – SoftBank Group Corp (SFTBY, 9984.T) is in talks to invest up to an additional $30 billion in OpenAI (OPAI.PVT), a person familiar with the matter said on Tuesday, as the Japanese conglomerate doubles down on the owner of ChatGPT. The new investment would be part of a funding…

This big Nvidia investor just closed his entire position. Should you be worried?

amefika7 months ago05 mins

24/7/Wall St. NVIDIA (NVDA) sold by SoftBank for $3.3 billion in 2019 it would now be worth more than $150 billion. SoftBank liquidated its remaining 32.1 million Nvidia shares in October for $5.83 billion to fund new investments. SoftBank is putting proceeds toward a $22.5 billion commitment to OpenAI and other AI companies. If you’re…