SoftBank Raises $1.86 Billion Overseas as It Boosts AI Bets [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: Yahoo! Finance
the Japanese tech firm moves to jump-start investment in artificial intelligence. Most Read from Bloomberg Supreme Court Poised to Allow Emergency Abortions in Idaho SpaceX Tender Offer Said to Value Company at Record $210 Billion Supreme Court Ends OxyContin Settlement, Cracking Sackler Shield China's Finance Elite Face $400,000 Pay Cap, Bonus Clawbacks Bolivia's President Arce Swears in New Army Chief After Coup Bid Billionaire Masayoshi Son's company said it priced two dollar tranches Thursday totaling $900 million and two euro tranches raising €900 million ($964 million). SoftBank said the funds will be used to retire debt and fund operations. SoftBank and its founder Son have made major AI investments recently that underscore expectations they will quicken their pace of activity in that area. The Japanese firm this year directly invested $200 million into Tempus AI Inc., a startup that analyzes medical data for doctors and patients to come up with better treatment
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News
- Japanese deal for AI champion Graphcore faces national security review [Yahoo! Finance]Yahoo! Finance
- SoftBank shares rise on $1.86 billion debt offering as CEO talks up 'super' AI [MSNBC.com]MSNBC.com
- SoftBank shares rise on $1.86 billion debt offering as CEO talks up ‘super' AI [CNBC]CNBC
- SoftBank Raises $1.86 Billion Overseas as It Boosts AI Bets [BNN Bloomberg (Canada)]BNN Bloomberg
- SoftBank Raises $1.86 Billion Overseas as It Boosts AI Bets [Yahoo! Finance Canada]Yahoo! Finance Canada