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TSE:9984
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SoftBank Deepens OpenAI Bet As PayPay Targets Blockbuster US IPO

SoftBank Group (TSE:9984) is investing over US$30b for an 11% stake in OpenAI, with an option under consideration for a further US$30b. This step makes SoftBank one of the most direct listed ways to gain exposure to OpenAI outside Microsoft. Separately, SoftBank’s digital payments unit PayPay has filed for a US IPO that could be the largest US listing by a Japanese company. For investors watching TSE:9984, these moves highlight how heavily SoftBank is tying its identity to AI research,...