SoftBank Group Corp.’s shares slid the most in nearly three months after the heads of Anthropic PBC and OpenAI called on developers to tap the brakes on artificial intelligence development for safety reasons.
That’s heightened market jitters around the Japanese tech investor, which is taking on more debt to finance bets across the AI spectrum. SoftBank is one of OpenAI’s biggest backers, with total investment in the ChatGPT maker slated to reach close to $65 billion by October. Shares of SoftBank fell more than 13% Monday morning in Tokyo, their biggest decline since late June.
