SoftBank Group Corp. faces market pressure as OpenAI investment weighs on profits; remains a key AI investor through Vision Fund and holdings.
OFB Tech Pvt, the operator of technology supply chain and financing platform OfBusiness, is considering reviving plans for an initial public offering that could raise as much as $800 million, according to people familiar with the matter.
Oil prices have risen above $108 a barrel as Middle East tensions escalate, with markets watching U.S. inflation data and the Federal Reserve meeting. Global stock indices are mixed, and Treasuries remain volatile as energy costs weigh on households and corporate margins.
Investors are reassessing AI-linked equities as leaders including Anthropic, Altman and Musk call for slowing frontier AI development. Asia and Western markets have seen declines in chipmakers, AI infrastructure and related stocks as investors weigh safety measures and regulatory considerations.
Global markets waver as AI-linked stocks retreat after OpenAI signals a potential year-end stock sale delay. SoftBank jumps on OpenAI ties; oil prices rise amid Middle East tensions. Wall Street edges lower as investors weigh safety over growth.