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SoftBank issues 60 billion yen bonds to fund artificial intelligence projects
SoftBank announced the issuance of bonds worth 60 billion Japanese Yen (approximately $369 million) to meet its financing needs as it expands into the artificial intelligence sector. The offerings will include three- and five-year bonds and are part of its efforts to fund AI projects and research, particularly for OpenAI, which the group aims to finance through substantial loans and investments. This issuance comes amid market concerns about the pace of investments in the AI sector and their impact on tech stocks, as the company considers adjusting some of its financial plans, such as reducing the value of loans linked to OpenAI and improving its credit rating from Standard & Poor's.
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