SoftBank Stock Drops Sharply in Tokyo Over AI Concerns

Shares of SoftBank Group Corp fell more than 14 percent in Tokyo on Monday, 14 September, marking the company's biggest one-day drop since late June. Investors sold off stock because they are rethinking the Japanese technology firm's large bets on artificial intelligence and worrying about the returns on billions of dollars spent in the sector. This new pressure came after weekend remarks from OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei. Reports show that both leaders supported a slower and more careful approach to building advanced AI models due to safety issues, while Anthropic is also planning [cut off in source].