SoftBank sold its Nvidia stake for $5.8 billion, contributing to a surprise ¥2.5 trillion net income. The company is aggressively investing in AI, with stakes in OpenAI and Oracle, and plans for a $30 billion investment in OpenAI and a $1 trillion AI manufacturing hub. Despite strong performance, concerns remain about AI company valuations and financing new ventures.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets