SoftBank shares slide up to 13% as AI stocks fall on slowdown calls
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SoftBank Group shares dropped up to 13% amid a global selloff in AI-related stocks following calls from Anthropic and OpenAI leaders to slow AI development. SoftBank secured an $11.87 billion loan to fund its OpenAI investment and plans to invest nearly $65 billion by October. Semiconductor stocks also declined sharply, while cybersecurity shares rose.
