SoftBank’s All In on OpenAI and So Far It’s Paying Off

Masayoshi Son, the billionaire investor known for making risky bets that sometimes turn out so poorly Hollywood makes movies about them, made his biggest bet yet on OpenAI. Son, who’s called AI “humanity’s future,” has led SoftBank to pour $34 billion into ChatGPT-maker OpenAI so far — with a plan to add as much as $30 billion more to the pile during the AI company’s next funding round, the Financial Times reported. Boosted by OpenAI returns, SoftBank swung to a $1.6 billion profit in the winter quarter ...