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The Economic Times
The Economic Times

SoftBank overtakes Toyota as Japan's most valuable company

SoftBank Toyota Japan Masayoshi Son OpenAI SoftBank Group Nikkei

Japan's tech investor SoftBank Group overtook Toyota on Monday to become the country's most valuable company, as the benchmark Nikkei index briefly reached a new high amid the AI boom.

SoftBank, a major backer of ChatGPT maker OpenAI, soared more than 11 percent in the afternoon trade, after its founder announced a 75-billion-euro ($87.5 billion) investment in AI infrastructure in France.

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