SoftBank’s $41B OpenAI bet raises credit rating risks ahead of earnings

SoftBank Group Corp. has allocated a significant portion of its funds to leading American artificial intelligence research and deployment company, OpenAI, according to sources who wished to remain anonymous. To address the rumor of increased capital allocation to the tech giant, a SoftBank representative said the Japan-based firm will announce its third-quarter earnings next week. […] source: https://www.cryptopolitan.com/softbanks-openai-bet-raises-rating-risks/