SoftBank Group Stock News

MENDON, Utah--(BUSINESS WIRE)-- #ASI--Autonomous Solutions, Inc. (ASI), the worldwide leader of industrial vehicle automation and creator of Mobius®, the platform that defined Industrial Autonomous Fleet Orchestration (IAFO), has formed a joint venture with SoftBank Group Corp. (TSE: 9984, “SoftBank Group”) focusing on the development and commercialization of autonomous construction equipment f...

SoftBank Group has raised $11.1 billion in the largest high-yield corporate bond sale globally on record to fund its investments in OpenAI and other artificial intelligence-related companies and infrastructure.

SoftBank stock surged up to 7% on Thursday before nearly giving back the entire advance, underscoring how divided investors remain over the economics of Masayoshi Son's OpenAI bet. The stock touched ¥6,793 after Tokyo reopened from a holiday, then fell to ¥6,351 by 10:57 am before recovering to about ¥6,507 by 11:29 am.

SoftBank issued $11.1 billion in dollar- and euro-denominated bonds. The proceeds will help fund a $10 billion payment for the final tranche of its $30 billion follow-on investment in OpenAI.

Technology investor SoftBank Group ​has issued a total of $11.1 billion ‌in dollar- and euro-denominated bonds, a filing showed on Thursday, as it looks ​to generate cash to continue ​its investments in artificial intelligence.

The artificial intelligence build-out is officially crossing over to the world of junk bonds, where investors expect to be paid more for taking bigger risks.

Global investment company SoftBank Group is seeking a record amount from junk bond investors. It will expand the footprint of artificial intelligence in the speculative-grade world.

SoftBank Group, the Japanese technology conglomerate, has launched a bond sale worth more than $11 billion, among the largest corporate debt deals on record in Asia Pacific, Reuters reported. Proceeds will fund SoftBank's $10 billion payment for the third tranche of its follow-on investment in OpenAI, which is expected to close on October 1.