SoftBank’s $11.87 Billion Gamble: AI Doubts Sink Shares
Part of composite article SoftBank Borrows $11.87 Billion to Double Down on OpenAI as AI Doubts Sink Its Shares View full article →
SoftBank has secured an $11.87 billion loan to increase its investment in OpenAI, according to a report. The move deepens the Japanese company’s bet on artificial intelligence.
But investors are worried. SoftBank’s shares fell as concerns about AI spending and returns hit the market.
The loan adds to SoftBank’s growing exposure to OpenAI. The company has already committed billions to the AI startup.
Some analysts question whether AI investments will pay off soon enough. The uncertainty is weighing on SoftBank’s stock.
SoftBank has not commented publicly on the report.