SoftBank CEO laments $160B loss from Nvidia stake sale, launches $100B AI fund
Summary
SoftBank CEO Masayoshi Son tearfully laments selling his $3.6 billion Nvidia stake in 2019 for $160 billion loss, launches $100 billion AI fund named Izanagi.
Key Points
- SoftBank CEO Masayoshi Son sold his 5% stake in Nvidia worth around $3.6 billion in 2019
- Son tearfully regrets selling the Nvidia stake, which is now worth around $160 billion
- Son is launching a new $100 billion fund for artificial superintelligence, named after the Shinto god of creation Izanagi