Key facts: SoftBank sells Nvidia stake; invests in OpenAI and Stargate UAE
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- SoftBank Group sold its entire stake in Nvidia during the third quarter, as confirmed by CEO Masayoshi Son, and reinvested the proceeds into a significant bet on OpenAI.1
- SoftBank Group is involved in the Stargate UAE project, developing a 1-gigawatt AI compute cluster with G42, Oracle, Cisco, and NVIDIA, aiming for a 5-gigawatt AI hub.2