SoftBank In Talks To Invest $30 Billion More In OpenAI: Report - NVIDIA (NASDAQ:NVDA), SoftBank Group (OTC:SFTBY)

Group 1 - SoftBank Group is in discussions to invest up to $30 billion in OpenAI, which is seeking up to $100 billion in new capital [1][4] - SoftBank holds approximately 11% stake in OpenAI after a recent $22.5 billion investment [2] - The company's shares rose over 8% following the news, later stabilizing at a 3.7% increase [1] Group 2 - SoftBank is actively repositioning itself around artificial intelligence, having sold stakes in Nvidia and T-Mobile to fund its investment in OpenAI [3] - OpenAI requires substantial funding for AI model development, computing needs, and talent retention, with a potential valuation of up to $830 billion if the funding is successful [4] - OpenAI plans to slow down hiring due to advancements in AI that allow for increased output with smaller teams [5]