SoftBank shares sink nearly 12% as AI slowdown talk hits its $64.6 billion OpenAI bet
SoftBank shares fell 11.6% in Tokyo after OpenAI's Altman backed slowing AI and ruled out a 2026 IPO. SoftBank has committed $64.6 billion to OpenAI.
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TECHi reporting and analysis covering Asian Markets. 2 articles, newest first.
SK hynix falls 5%, KOSPI drops 3% as Asia's chip stocks slide after AI slowdown call
SK hynix fell 5.4% and Samsung 3.4% at Monday's open, dragging the KOSPI down 3.2%, as Asia reacted to Anthropic's AI slowdown call, oil and a Fed hike.