In September 2023, there was an Arm IPO, which raised about $5 billion. It is said to have replenished SoftBank’s cash reserves. It’s estimated that SoftBank’s war chest has about $65 billion with Arm’s IPO. And it’s said to be looking to make a big splash in the field of AI. In September 2023, it was reported that SoftBank is said to be considering various options, including a potential investment in OpenAI. Both SoftBank and OpenAI are said to have remained tight-lipped about this, with the former stating it does not comment on rumours.
