SoftBank’s (SFTBY) shares have nearly halved in 4 months as questions around the scale of the company’s involvement with OpenAI have increased, The Financial Times reports. Last month, SoftBank agreed to a $40B investment in ChatGPT’s lasted funding round, increasing its total input to $64.6B for a 13% stake. Shares closed down 9.8% Monday after reports OpenAI and Oracle (ORCL) ditched plans to expand a jointly backed Texas data center project.
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