- cross-posted to:
- hackernews@lemmy.bestiver.se
- cross-posted to:
- hackernews@lemmy.bestiver.se
SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize on its “all in” bet on ChatGPT maker OpenAI.
Knowing when to exit a bubble is a real strength.
They’re moving most of the money to Open AI and a minority of it to a (presumably AI) company called Ampere
The corroborating story I found is a bit more explicit that this isn’t an exit:
https://www.barrons.com/articles/softbank-openai-nvidia-stake-ai-5036b58b?mod=bar_RHF
Jesus Christ that’s a bad idea.
Nvidia over here selling marked-up shovels by the barrow-ful, but I’m gonna invest it all in Sammy finding that huge nugget.