SoftBank Group shares plunge 11% after OpenAI says no IPO this year
SoftBank Group shares fell sharply on Monday after ChatGPT creator OpenAI announced it would delay its initial public offering this year. The company also joined calls to slow the development of increasingly powerful AI models, contributing to a broader decline in AI-related tech stocks in Asia. Sentiment was further weakened by a spike in oil prices.
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Source:Nikkei Asia · Source Link
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