At a forum held in Tokyo, SoftBank Group's founder, Masayoshi Son, addressed the group's choice to completely offload its Nvidia shares. He clarified that this decision was driven by the need to secure funds for bolstering investments in the AI field, with a particular focus on substantial investments in initiatives such as OpenAI. Son conveyed his profound sorrow regarding the sale and firmly dismissed allegations of an AI investment bubble. He remarked that, given the chance, he would have preferred not to part with even a single Nvidia share. However, the pressing demand for capital to fuel investments in OpenAI and other ventures compelled him to proceed with the sale. Recently, SoftBank has expedited its strategic positioning in the AI sector. This includes partnering with Hon Hai Precision for the construction of data centers, acquiring the U.S.-based chip design firm Ampere Computing, and intending to ramp up its investment in OpenAI.
