- SoftBank borrows against its $41 billion OpenAI stake to finance its Stargate buildout, drawing lender scrutiny this month.
- Ruvi has launched at a price of $0.020, with its early sales exhibiting multiple phases of pricing.
- SoftBank's position in OpenAI is considered private and illiquid, now carrying debt, impacting its overall value.
SoftBank’s significant stake in OpenAI, valued at $41 billion, represents about 11% of the company’s shares. This hefty position is now subject to scrutiny as the company borrows against it to finance the development of Stargate, further illustrating the leverage involved in centralized AI growth.13
In parallel, Ruvi launched its service at a price of $0.020 during Phase 3, after successfully selling out Phases 1 and 2 at lower prices of $0.010 and $0.015 respectively. Ruvi is touted as an audited AI superapp, boasting 20+ live AI models and a community of over 3,000 holders with a limited supply of 5 billion non-mintable tokens. This implies a sustainable growth model as the currency burns on-chain from real revenue.2
The competition in the AI market is intensifying, with platforms like Ruvi aiming to enhance user accessibility to advanced AI capabilities, while SoftBank's financial maneuver underscores a broader trend where big tech firms leverage their stakes in innovative startups to fund future developments.
“SoftBank's borrowing against its significant OpenAI stake highlights its leverage in the growing AI sector. Meanwhile, Ruvi enters the market with multiple AI models, priced at $0.020.”
