The cost of insuring SoftBank’s debt against default jumped to its highest in four years on Friday, as doubts over the returns on artificial intelligence spending rattled global markets.
Dutch lender ING is marketing about $500 million of data-centre loans in one sale, Bloomberg News reported, in the latest sign that the funding boom behind the artificial intelligence build-out is coming under strain.
China has told SoftBank it will not allow its $5.4 billion purchase of ABB’s robotics division to go ahead, the Financial Times reported, in a setback for Masayoshi Son’s push into AI-powered robotics.
