The Japanese financial group SoftBank has sold all the Nvidia shares it owned, raising 5.8 billion dollars (equivalent to 5 billion euros): with this money they will finance new investments in the artificial intelligence sector. SoftBank, whose founder and CEO, Masayoshi Son, is the richest man in Japan, is one of the most active and important financial companies in the technology sector and focuses heavily on investments in artificial intelligence, in which it is trying to gain a more relevant role. Nvidia is an American microchip manufacturing company, which has grown very rapidly in recent years also because it produces some of the basic components for the most advanced artificial intelligence: in October, Nvidia became the first company in the world to be valued at more than 5 trillion dollars.
SoftBank plans to invest some of the liquidity gained from the sale in OpenAI, the company that created the famous chatbot ChatGPT and of which SoftBank already owns 11 percent. SoftBank plans to invest around 30 billion dollars by 2025. To increase liquidity further, SoftBank also sold some shares of US telecommunications company T-Mobile, and raised 9.2 billion dollars (equivalent to 7.9 billion euros).
