Comment by jameslk

Also relevant:

> “This should not be seen, in our view, as a cautious or negative stance on Nvidia, but rather in the context of SoftBank needing at least $30.5bn of capital for investments in the Oct-Dec quarter, including $22.5bn for OpenAI and $6.5bn for Ampere

> That amounts to “more in a single quarter than it has invested in aggregate over the two prior years combined,” Bulk said.

> … Following the recapitalization and SoftBank’s $22.5 billion investment into the ChatGPT maker, the Japanese firm’s 4% ownership of OpenAI will increase to 11%.

It sounds like Nvidia was played out for them and they’re aggressively trying to get in on OpenAI so they can exit sometime after retail investors get in