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The Economic Times

Technology

SoftBank junk bond sale raises stakes for CEO Son's all-in AI bet

Masayoshi Son SoftBank Artificial Intelligence OpenAI junk bond David Gibson Sam Altman Alibaba Alphabet

SoftBank's promise to pay its highest-ever yields in a record $11 billion junk-bond offering highlights the pressure on CEO Masayoshi Son to secure returns on his all-in bet on AI amid concerns about possible overheating in the market.

The SoftBank debt issuance last month added to a sharp surge in corporate borrowing this year, including major bond sales from Amazon.com, Alphabet and Tencent.

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One subscription that gives you access to news from hundreds of sites

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Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

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