SoftBank shares slide as Nvidia stake sale highlights AI funding needs
MSNAnton Bridge
SoftBank shares slide as Nvidia stake sale highlights AI funding needs
By Anton Bridge TOKYO (Reuters) -SoftBank's shares slid as much as 10% on Wednesday after the $5.8 billion sale of its stake in Nvidia highlighted the growing funding demands it faces to bankroll its "all-in" bet on ChatGPT creator OpenAI and other investments. The conglomerate needs to fund a $22.5 billion follow-on investment in OpenAI, is ...
3 months ago
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