TNW | Business
SoftBank faces questions on AI strategy ahead of earnings after selloff
Its shares fell 11% on Friday, days after China blocked its $5.4bn deal for ABB’s robotics business.
By TNW | Business
Excerpt shared by Lazyfounder
·Excerpt
SoftBank Group will report quarterly results on Tuesday, as investors look for signs that its AI strategy is still on track. A sharp fall in AI stocks and a blocked robotics deal have added to the pressure, Reuters reported.
SoftBank shares fell more than 11% in Tokyo on Friday. On the same day, the cost of insuring its debt against default rose to…
Courtesy
This story was originally published by TNW | Business. All rights belong to the original publisher.
Read the original on thenextweb.com ↗