SoftBank shares rise on $1.86 billion debt offering as CEO talks up 'super' AI

Group 1 - The core ambition of SoftBank is to develop artificial intelligence that is thousands of times smarter than humans, marking a significant shift in its strategic focus following financial restructuring efforts [1] - SoftBank plans to issue approximately $900 million in U.S. dollar-denominated bonds and €900 million (approximately $962.8 million) in euro-denominated bonds, with interest rates between 5.4% and 7% per annum [2][3] - The proceeds from the bond issuance will be utilized for debt repayment and general corporate purposes, indicating a focus on financial stability [2][3] Group 2 - Following the announcement of the bond issuance, SoftBank's shares experienced a 2.5% increase, reflecting positive market sentiment [4]