Masayoshi Son Sells Nvidia Holdings For Big Bet on OpenAI
By Reuters | 11 Nov, 2025

Son doubles down on OpenAI after SoftBank group reported a doubling of Q3 profits to $16.6 billion on a surge in OpenAI shares.

SoftBank Group scored big from investing in artificial intelligence during the latest quarter.

The Japanese firm said Tuesday (November 11) net profit more than doubled to $16.6 billion from July to September.

It was driven by gains in its holdings of ChatGPT-maker OpenAI.

The number for the period was well above analyst forecasts and from a year ago.

SoftBank's Vision Fund unit posted an investment rise of close to $22.7 billion.

It mostly came from the group's holding in OpenAI which hit around $14 billion for the quarter.

It shows the 'all-in' bet on OpenAI by Softbank head Masayoshi Son appears to have paid off.

Softbank has scored big out a wave of investment in AI infrastructure like data centers and frontrunners in the technology's development like OpenAI.

The results also means Softbank has more money to employ in its AI-related spending.

Its total investment in OpenAI is expected to reach $34.7 billion by the end of this year.

But there are growing concerns among market watchers about a so-called "AI bubble."

Some fear the large sums invested by leading firms may not bring the high profits to justify the spending.

A source also told Reuters in October losses are mounting at OpenAI, although its valuation has risen throughout the year.

SoftBank agreed in March to lead a funding round of up to $40 billion in the company at a valuation of $300 billion.

The firm also stepped up fundraising activities in the quarter by issuing bonds, taking out bridging loans, and selling equity holdings.

It includes the sale of the rest of its shares in tech giant Nvidia for $5.83 billion.