Reported about 18 hours ago
SoftBank Group Corp. has raised $4.2 billion by issuing dollar and euro bonds to accelerate its investment in artificial intelligence. The company sold $2.2 billion in junk-rated dollar notes and €1.7 billion in euro bonds, generating over $17.3 billion in investor interest. Founder Masayoshi Son has committed up to $500 billion for AI projects, including a significant stake in OpenAI, despite facing regulatory scrutiny over acquisitions.
Source: YAHOO