At a Tokyo forum, Masayoshi Son says he "was crying" over SoftBank selling its $5.83B Nvidia stake but "I just had more need for money to invest in OpenAI" (Dylan Butts/CNBC)
NegativeArtificial Intelligence

- At a recent forum in Tokyo, Masayoshi Son, founder of SoftBank, expressed deep regret over the company's decision to sell its $5.83 billion stake in Nvidia, stating he was emotional about the loss but needed the funds to invest in OpenAI. This move highlights SoftBank's strategic shift towards artificial intelligence investments amid a challenging market landscape.
- The sale of the Nvidia stake is significant for SoftBank as it reflects the company's urgent need for liquidity to support its ambitious plans for OpenAI, which has committed to a staggering $1.4 trillion investment in data centers over the next decade. This financial maneuver underscores the pressure SoftBank faces from investors concerned about its AI-related bets.
- The broader context reveals a growing anxiety in the tech sector regarding potential AI bubbles, as evidenced by SoftBank's 40% stock decline and fears surrounding high valuations in AI assets. Additionally, competition from tech giants like Google poses further challenges for OpenAI, which must navigate a complex landscape while managing substantial debt accrued by its partners.
— via World Pulse Now AI Editorial System






