Nvidia is out. OpenAI is in. Does that make sense?

Technology investor SoftBank Group reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring.

SoftBank Group ( OTCPK:SFTBY ), Provident Capital Partners, and Peak XV are among a group of prominent GoTo Group ( OTCPK:GTOFF) backers seeking to replace CEO Patrick Walujo, a move that could accelerate talks about an acquisition by Grab Holdings ( GRAB ), Bloomberg News reported.

SoftBank Group Corp., Provident Capital Partners and Peak XV are among a group of prominent GoTo Group backers seeking to replace Chief Executive Officer Patrick Walujo, a dramatic twist that could accelerate talks about an acquisition by Grab Holdings Ltd.

NET PROFIT FORECAST: SoftBank Group's net profit is expected to have fallen 59% compared with the same period a year earlier to 480.00 billion yen, equivalent to $3.13 billion, for the three months ended Sept. 30, according to a poll of analysts by Visible Alpha.

Tokyo-listed shares of SoftBank Group fell sharply on Friday, extending a three-day losing streak as investors digested the Japanese conglomerate’s disclosure that it had sold its entire stake in US chipmaker Nvidia for $5.

Japan's SoftBank Group reported on Tuesday a net profit of 2.5 trillion yen ($16.6 billion) for the July-September quarter, its third consecutive quarter of profits. That compared with a net profit of 1.

Yoshimitsu Goto, a senior vice president of SoftBank Group Corp., on Tuesday said "it's difficult to judge" whether a bubble is forming with artificial intelligence as excessive expectations for the technology seem to be arising.