SoftBank Offloads Nvidia, T-Mobile Stock to Back $22.5 Billion OpenAI Investment
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SoftBank Group is finalizing a $22.5 billion funding deal with OpenAI by selling key investments, including Nvidia and T-Mobile stocks, and considering new loans backed by Arm Holdings shares. The funds will help OpenAI scale its training and data center projects. SFTBY shares rose 5.33%, closing at $55.31.
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