SoftBank Sells Nvidia Stake, Boosts AI Investments

SoftBank Group, the Japanese tech giant, sold its entire stake in Nvidia, generating $5.83 billion. This move is part of a strategy to fund SoftBanks investment in OpenAI, the company behind ChatGPT. Despite the sale, SoftBank maintains ties with Nvidia and has strong investments in other tech companies like Arm. Other tech stocks in the region also experienced declines, with TSMC and SK Hynix seeing slight dips.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.