SoftBank and its founder Son have made major AI investments recently that underscore expectations they will quicken their pace of activity in that area.
SoftBank Group Corp. raised about US$1.86 billion ($2.53 billion) via dollar and euro bond sales in its first foreign currency debt deal since 2021, as the Japanese tech firm moves to jump-start investment in artificial intelligence.
Billionaire Masayoshi Son’s company said it priced two dollar tranches Thursday totaling US$900 million and two euro tranches raising EUR900 million ($1.31 billion). SoftBank said the funds will be used to retire debt and fund operations.
