SoftBank shares plunge 13% after AI chiefs call to pace the frontier
SoftBank Group shares fell more than 13% on Sept 14, their steepest drop in nearly three months, after Amodei’s pacing call and Altman’s confirmation that OpenAI won’t IPO in 2026. SoftBank is among OpenAI’s biggest backers, with its ChatGPT stake expected to reach ~$65B by October.