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Softbank scrambles to fund OpenAI

2025-12-23 18:42:56.812173+01 by Dan Lyke 0 comments

Reuters Exclusive: SoftBank races to fulfill $22.5 billion funding commitment to OpenAI by year-end, sources say

The "all- in" bet on OpenAI is among the biggest yet by SoftBank CEO Masayoshi Son, as the Japanese billionaire seeks to improve his firm's position in the race for artificial intelligence. To come up with the money, Son has already sold SoftBank's entire $5.8 billion stake in AI chip leader Nvidia (NVDA.O), offloaded $4.8 billion of its T-Mobile US (TMUS.O) stake, and slashed staff.

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