SoftBank’s Strategic Pivot: A Massive Bet on OpenAI Reshapes the Investment Giant

Shares of SoftBank Group Corp. saw significant volatility in Tokyo trading following reports of a potential additional investment of up to $30 billion in OpenAI. The stock initially surged as much as 8.8% before paring gains to close approximately 3.4% higher. This move underscores a profound strategic shift, positioning one of the world’s most prominent technology investors for an all-in wager on artificial intelligence.

According to media reports, SoftBank is in negotiations to commit up to $30 billion in new capital to OpenAI. This substantial sum would form part of a broader funding round that could raise as much as $100 billion for the AI research company.

Key details of the potential transaction Read more...