from24/7 Wall St.
1 day agoSoftbank Drops 40% As Investors Dump AI Bet
Softbank CEO Masayoshi Son stood next to President Trump, OpenAI CEO Sam Altman, and Oracle (NASDAQ: ORCL) founder Larry Ellison when they announced the Stargate project in January. The plan was to invest $500 billion in data centers. Last month, Son upped its company's investment in OpenAI to $30 billion. He sold all of Softbank's Nvidia ( NASDAQ: NVDA) share ownership for $5.83 billion to help pay for that decision.
Artificial intelligence








