The cost of insuring against a default for tech investor SoftBank Group jumped to its highest in four years on Friday as worries about AI profitability roiled the world's financial markets.
SoftBank Group shares dropped 11% on Friday and the cost of insuring its debt against default hit a four-year high as worries about AI profitability roiled the world's financial markets.
SoftBank has a reported US$64.6 billion investment in OpenAI.
SoftBank Group Corp. led declines in Asian dollar bonds on Friday as a deepening rout in artificial-intelligence stocks extended into credit markets.
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