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SoftBank sells its entire stake in Nvidia for $5.83 billion (www.cnbc.com)
submitted 1 year ago by to c/economics@lemmy.world
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SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize on its “all in” bet on ChatGPT maker OpenAI.

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[–] 17 points 1 year ago (1 child)

They're moving most of the money to Open AI and a minority of it to a (presumably AI) company called Ampere

The corroborating story I found is a bit more explicit that this isn't an exit:

https://www.barrons.com/articles/softbank-openai-nvidia-stake-ai-5036b58b?mod=bar_RHF

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