Disney Plans TV Restructuring With Hundreds of Layoffs 
Tencent Signs $7 Billion Oracle AI Chip Lease Deal 
OpenAI Seeks $30 Billion at $1.4 Trillion Valuation 
Trump, Tech Leaders Sign ‘Morally Binding’ AI Safety Accord 
Citi Raises Bitcoin Target to $113,000 as Crypto Outlook Improves 
Sanofi, Regeneron Expand Drug Partnership in $8 Billion Deal 
Vitalik Buterin Says Hegota Could Be Ethereum’s Last Conventional Fork 
Robinhood Launches AI Agents for Automated Trading 
Flydubai Co-Pilot Tried to Crash Israel-Bound Jet, Netanyahu Says 
Trump Praises Boeing 737 Max After Flydubai Crash Attempt 
BlackRock Sees AI Agents Fueling New Crypto Demand 
WordPress Malware Uses Ethereum to Evade Removal 
XRP Ledger Hits 10 Million AI Payments as Bitcoin Retreats 
Nike Stock Slides as Revenue Miss Clouds Turnaround 
Standard Chartered Sees Ethena ENA Hitting $2 by 2028 
Zcash Awards $8 Million in Grants After Orchard Bug Crisis 
California AG Subpoenas OpenAI Over AI Cybersecurity Incidents 
Add as a preferred source on Google
SoftBank Group shares dropped sharply on Friday after the Japanese technology conglomerate completed the final portion of its latest OpenAI investment, lifting its total investment in the artificial intelligence company to $64.6 billion.
Tokyo-listed SoftBank Group shares fell 5.6% to 6,329 yen by 01:34 ET (05:34 GMT), as investors continued to assess the scale of the company's spending on artificial intelligence and the financing required to support its strategy.
SoftBank said Thursday that it invested another $10 billion in OpenAI through SoftBank Vision Fund 2. The transaction completes the $30 billion follow-on investment that the Japanese group announced in February.
Following the latest funding, SoftBank's ownership stake in OpenAI has increased to approximately 13%, according to the company. OpenAI has emerged as one of SoftBank's largest investments as founder Masayoshi Son accelerates his push to expand the group's exposure to the rapidly growing AI industry.
SoftBank financed the third and final tranche using proceeds from foreign-currency-denominated senior notes issued last week. The financing structure has drawn attention as investors monitor how the company funds its increasingly large artificial intelligence commitments.
The conglomerate also announced that it had cancelled the remaining $10 billion in unused capacity under a $40 billion bridge financing facility, effective September 30. After making an early repayment earlier this month, SoftBank said all outstanding borrowings under the facility have been fully repaid, leaving no remaining undrawn commitments.
The completed OpenAI investment reinforces Son's strategy of positioning SoftBank as a major investor in artificial intelligence infrastructure and technology. The company has increasingly concentrated resources on AI-related opportunities as it seeks to capitalize on growing global demand for advanced models, computing infrastructure and related technologies.
However, SoftBank's aggressive AI expansion has also placed its balance sheet and financing strategy under greater investor scrutiny. Friday's decline in SoftBank shares highlights continuing market concerns over the enormous capital required to fund its AI ambitions, even as the company deepens its financial ties with OpenAI.
