Unsponsored ADRs of SoftBank Group Corp. (TSE:9984) completed the final $10 billion tranche for OpenAI, bringing its stake to approximately $64.6 billion, and fully repaid its bridge credit facility. SoftBank Group CEO Masayoshi Son warned of the risks of advanced AI and said that by 2040, AI could account for around 20% of global GDP.
Summary of last week
SoftBank Group Corp. Unsponsored ADRs: OpenAI investment increases: SoftBank (9984) completed its final $10 billion tranche for OpenAI, bringing its total investment in OpenAI to $64.6 billion (an approximately 13% stake). The funding was financed through foreign-currency senior bonds; shares showed sharp intraday volatility.
SoftBank Group Corp. Unsponsored ADRs: Bridge credit facility repaid: SoftBank Group (9984) repaid all borrowings under its bridge credit facility; according to the company's facility status update, no undrawn commitments remain.
Masayoshi Son highlights AI risks in Kyoto: SoftBank Group (9984) CEO Masayoshi Son warned of the risks of advanced AI at an event in Kyoto, noted SoftBank's investment of approximately $65 billion in OpenAI, and said that AI could account for around 20% of global GDP by 2040.