Malaysian Prime Minister Anwar Ibrahim said Son had identified locations in Sarawak and peninsular Malaysia for the planned investments. SoftBank signed a framework agreement earlier this month to explore AI and digital infrastructure development in Sarawak.
Investors are scrutinizing the debt numbers behind the AI infrastructure boom. France's fiscal strains are pushing default-protection costs above Italy's.
SoftBank stock continued its strong downward trend, while its bond yields jumped as concerns about the artificial intelligence (AI) business continued. It dropped to ¥4,305 on Thursday, its lowest level since April this year and 53% below its highest point this year.
SoftBank Group is in early-stage talks to acquire Allied Universal from its private-equity backers, according to people familiar with the matter, in what would be the Japanese technology conglomerate's latest bet on widespread adoption of artificial intelligence and robotics in the workplace.
SoftBank stock rebounded on Wednesday after an 8.5% plunge a day earlier, as investors returned to one of Asia's biggest artificial intelligence bets. The stock rose 2.2% in Tokyo after falling to 5,310 yen on Tuesday.
SoftBank promise to pay its highest-ever yields in a record $11 billion junk-bond offering highlights the pressure on CEO Masayoshi Son to secure returns on his all-in bet on AI amid concerns about possible overheating in the market.
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