SoftBank’s Nvidia exit fuels OpenAI push despite mounting losses, stiff competition from Anthropic

SoftBank's Investment Strategy Shift - SoftBank sold its entire Nvidia stake for approximately $58 billion [1] - SoftBank is reallocating capital to invest heavily in OpenAI, focusing on the application layer of AI [1][2] - SoftBank raised funds by selling over $9 billion worth of T-Mobile stock and using a margin loan on its ARM stake [3] - SoftBank believes the next wave of value creation is in AI interfaces, platforms, and agents rather than infrastructure [4] OpenAI vs Anthropic - Anthropic is more focused on enterprise clients, with roughly 85% of its revenue from business customers [7] - OpenAI's revenue split is 70/30 consumer-heavy, driven by products like Chat GBT and Sora, which are deeply unprofitable [7] - OpenAI is projected to lose $74 billion in 2028 alone [8] - Bernstein analysts estimate OpenAI burned $12 billion in Q3 [9] - OpenAI anticipates revenue on the scale of hundreds of billions of dollars by 2030 [10]