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Tech Funding

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business2 months ago•3 min saved

SoftBank cashes out $5.8B Nvidia stake ahead of AI investments

SoftBank sold its entire Nvidia stake for $5.83 billion to fund its AI projects and investments, highlighting its strategy to capitalize on AI growth while managing liquidity for new ventures like data centers and chip design acquisitions. The sale reflects SoftBank's focus on expanding its AI ecosystem amid debates about potential investment bubbles in the tech sector.

via Bloomberg.com|

#ai-investments #business #masayoshi-son

business7 months ago•2 min saved

Meta Considers Over $10 Billion Investment in Scale AI

Meta is in talks to invest over $10 billion in Scale AI, a key player in AI data labeling, marking its largest external AI investment and highlighting its focus on AI development amid industry competition. The deal, still pending final terms, underscores Meta's strategic push into AI, including collaborations with defense agencies and efforts to standardize its Llama model.

via Bloomberg|

#ai-investment #business #generative-ai