AIThe Next Webabout 1 hour ago
SoftBank Shares Fall 11% on AI Worries
2 min read
SoftBank Group shares fell more than 11% in Tokyo on Friday as investors questioned its AI strategy. Credit default swap costs rose to 466 basis points, the widest since October 2022. China blocked a planned $5.4bn purchase of ABB's robotics division, adding pressure before Tuesday's quarterly results report.
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