SOFTBANK GOT HIT BY THE OPENAI HEADLINES.
Sam Altman backing a slowdown in AI development over safety concerns sent a clear message to the market.
SoftBank fell 13% on the open.
It is now down 36% from its ATH with $64.6B invested in OpenAI.
SoftBank learned the oldest market lesson: the bigger the conviction, the harder the reality check.
Sam Altman backing a slowdown in AI development over safety concerns sent a clear message to the market.
SoftBank fell 13% on the open.
It is now down 36% from its ATH with $64.6B invested in OpenAI.
SoftBank learned the oldest market lesson: the bigger the conviction, the harder the reality check.
