SoftBank to Issue $1.86B in Bonds to Fund AI Ambitions and Debt Repayment

CEO Masayoshi Son emphasizes a strategic shift towards artificial superintelligence, aiming for AI far surpassing human intelligence.

SoftBank plans to issue bonds in U.S. dollars and euros, with interest rates between 5.4% and 7%.
Proceeds will be used to repay existing debt and invest in AI technologies.
CEO Masayoshi Son envisions artificial superintelligence that is 10,000 times smarter than humans within a decade.
SoftBank's shares have risen 65% year-to-date, reflecting improved investor sentiment.
Recent investments include AI-powered medical services and a stake in Perplexity AI, an AI internet search startup.