"Sell Nvidia and Go All-In?" The Real Reason Masayoshi Son Bet 57 Trillion Won
🫑 3-Line Summary
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SoftBank has secured a stake of over 10% by fulfilling its full commitment of $40 billion (approximately 57 trillion won) in OpenAI.
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Chairman Masayoshi Son stated that he sold his entire stake in Nvidia to raise investment funds, saying, "I sold it with tears in my eyes."
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This funding will be invested in projects such as 'Stargate,' a massive data center construction project in the U.S., and is scheduled to be used to expand AI infrastructure.
🥦 Insight
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I bet on intelligence rather than the chip.
Selling high-performing Nvidia stock and choosing OpenAI means that they valued the potential of the 'models themselves' more highly than the hardware supply chain. Now, SoftBank will exert powerful influence as the third-largest shareholder, following Microsoft and the OpenAI Foundation.
Isn't this beastly nature of betting boldly, even amidst the 'AI bubble' theory, precisely the kind of move typical of SoftBank and the market signal we should be paying attention to?
🥄 A spoonful of execution
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A bold move thrown with conviction when everyone else hesitates changes the game. What is the 'conviction' you are willing to bet on right now, even if it means taking a high risk?
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It has been revealed that Japan's SoftBank, led by Chairman Masayoshi Son, has fulfilled its promise made last February to invest $40 billion (approximately 57 trillion won) in OpenAI, the developer of ChatGPT.
SoftBank recently completed the payment of the remaining $22 billion to $22.5 billion of its investment commitment to OpenAI, CNBC reported on the 30th (local time), citing multiple sources.
SoftBank has been executing funds in stages, including directly investing $8 billion in OpenAI last April and raising an additional $10 billion together with co-investors.
Accordingly, SoftBank has fully fulfilled its commitment made last February to invest $40 billion based on OpenAI's enterprise value of $260 billion within the year.