SOFTBANK SELLS ITS NVIDIA STAKE FOR $5.8 BILLION TO FUND OPENAI BET

Summary from the TLDR newsletter

Softbank has sold its $5.8 billion stake in Nvidia to invest more into OpenAI. The investment group's commitments to OpenAI have been profitable - Softbank reported on Tuesday that its quarterly profit had more than doubled compared to a year earlier. Softbank recently sold part of its stake in T-Mobile's US arm and Deutsche Telekom. It has also loaded up on debt.