11 Hrs
Source:
البلاد
Source: البلاد
11 Hrsالبلاد
Source: البلاد
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The cost of insuring against a SoftBank Group default rose to a four-year high, with five-year credit default swaps climbing 22 basis points to 466 basis points—the highest level since October 2022—amid concerns about the profitability of AI investments. The company’s financial position is facing increased scrutiny after it borrowed to fund its $64.6 billion investment in OpenAI, which has postponed its IPO until 2027. SoftBank also owns a 90% stake in Arm. Democratic gains in the US midterm elections have further heightened concerns that the development of AI infrastructure could slow, pushing up default spreads for heavily indebted companies.
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