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المشهد العربي
SoftBank shares fall on debt expansion
SoftBank Group's stock declined significantly during the first trading session of the week, marking its largest one-day drop since late June. The decline was driven by criticisms from the CEOs of two of its companies, Anthropic and OpenAI, who called for slowing down AI development due to safety concerns. This has raised fears among investors regarding the Japanese conglomerate's heavy reliance on borrowing to fund its massive investments in AI, especially as Founder Masayoshi Son remains committed to AI capabilities and is launching billion-dollar projects, seemingly overlooking the possibility of an AI bubble. Additionally, SoftBank is among the leading investors in OpenAI, with expectations that its investments in the ChatGPT program will surpass $65 billion by October.
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