Nvidia or OpenAI? The two companies are at the heart of the artificial-intelligence boom but Japan’s SoftBank Group has decided to sell its stake in the chip maker in order to fuel an even bigger bet on the ChatGPT developer. SoftBank sold a $5.83 billion stake in Nvidia in October, it disclosed alongside its earnings on Tuesday.

The Japanese technology investment company has been leading an investment of up to $40 billion in OpenAI, with plans to syndicate out $10 billion to co-investors.

Nvidia is out. OpenAI is in. Does that make sense?

SoftBank Group has sold $5.8 billion sale of Nvidia stake reigniting fears around the AI bubble. Recently, Wall Street bank chiefs and notable short seller Michael Burry have raised warnings around risks from a bubble.

SoftBank Group Corp.'s early OpenAI investment drives Q2 earnings and offers rare AI exposure. Click for more on SFTBY stock prospects.

SoftBank Group reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring.

SoftBank Group Corp. on Tuesday posted a net profit of 2.92 trillion yen ($18.97 billion) for the first fiscal half, a record for any

This is an audio transcript of the FT News Briefing podcast episode: ‘SoftBank divesting from Nvidia could be good, actually’ Sonja Hutson Good morning from the Financial Times. Today is Wednesday, November 12th,