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Market Chatter: SoftBank Group Shares Tumble 12% on Report of OpenAI IPO Delay

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SoftBank Group (TYO:9984) shares fell 12%, crashing to a one-month low, over reports that the US-based artificial intelligence company OpenAI is planning to delay its initial public offering until next year, Nikkei Asia reported Friday.

The Japan-based investor planned a $65 billion investment in the AI company, which initially, according to media reports in May, planned a market offering as early as September.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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