This week we learned the Japanese investment firm Softbank sold all of its stake in the juggernaut chipmaker Nvidia. We'll get into why on today's “Marketplace Tech Bytes: Week in Review.” Plus, Apple is reportedly pushing back the release of its thinnest iPhone, the Air, and Wikipedia is asking AI companies, once again, to pay for scraping its data.
But first, back to that big move by Softbank and its CEO, Masayoshi Son. It cashed out its stake in Nvidia in October, the same month that the chipmaker hit a $5 trillion valuation. The $5.8 billion it netted will be redirected to OpenAI, part of a promised $30 billion to be invested in the maker of ChatGPT.
Marketplace’s Meghan McCarty Carino spoke with Anita Ramaswamy, columnist at The Information, about what all this means.
SoftBank Sells Its Nvidia Stake for $5.8 Billion to Fund OpenAI Bet - The Wall Street Journal
SoftBank sells its entire stake in Nvidia for $5.83 billion - CNBC
Apple Delays Release of Next iPhone Air Amid Weak Sales - The Information
iPhone Air Sales Are So Bad That Apple's Delaying the Next-Generation Version - MacRumors
Wikipedia urges AI companies to use its paid API, and stop scraping - TechCrunch
In the AI era, Wikipedia has never been more valuable - the Wikimedia Foundation
