Good morning. How much is riding on the expected IPOs of OpenAI and Anthropic?
Look no further than SoftBank’s stock price to find out. The company saw its shares jump almost 12% (to 7,900 Japanese yen) on the Tokyo Stock Exchange on Tuesday on investor hopes that it will reap big rewards when OpenAI, in which it retains a 13% stake, goes public.
What’s more, SoftBank is also expecting that SB Energy Corp—in which it and OpenAI each invested $500 million—will soon go public. OpenAI selected SB Energy to build and operate its 1.2-gigawatt data center site in Texas.
Add it all up and SoftBank shares are up almost 40% in a week’s time. I’ll bet you an order of tsukemen that CEO Masa Son thinks that’s the floor, not the ceiling. Today’s tech news follows. —AN
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