SoftBank Group Corp.9984
▼ NegativeCapitalrelevance
SoftBank faces a $40 billion loan repayment deadline in 2027, and the delayed IPO removes a planned exit to cover it, increasing financial pressure.
Impact on stocks 2
Financials▼ · 1 stocks
SoftBank Group Corp.Artificial Intelligence▲ · 1 stocks
SoftBank Corp.9434
Mentioned
Theme Impact 1
Off-coverage companies 1
OpenAIPrivate▼ Negative
Capitalrelevance
OpenAI's IPO is delayed to 2027, and its operating loss reached nearly $21 billion last year, indicating financial strain and a longer path to public markets.
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Four Paid Subscribers Sue Anthropic, OpenAI, SpaceXAI and Google Over AI Slowdown
Four paid subscribers to major AI platforms filed a class-action lawsuit, Buist et al. v. Anthropic PBC et al., in the Northern District of California on September 18, 2026, alleging that Anthropic, OpenAI, SpaceXAI and Google entered an unlawful agreement to restrain trade by collectively slowing the pace of AI development. The plaintiffs—Charles Buist, Nick Spetsas, Cheyenne Hunt and Christine Bullock—argue the labs are artificially reducing output and stifling product improvements, harming consumers who pay for frontier-model access. The suit follows Anthropic CEO Dario Amodei's September 12 essay, We Must Pace the Frontier, which advocated deliberate deceleration in model deployment, and same-day public endorsements of the pacing strategy from Elon Musk, Sam Altman and Demis Hassabis. On September 15, OpenAI's Chris Lehane confirmed to TechCrunch and Bloomberg that the major labs had been coordinating on safety protocols for weeks, and the lawsuit landed three days later, testing whether that coordination is a valid safety defense or a violation of Section 1 of the Sherman Act. Days before the filing, Senators Josh Hawley and Ted Cruz blocked a national-security antitrust exemption for AI companies within the NDAA manager's package, with Hawley declaring, "No antitrust exemptions for AI. Not a chance." The defendants have yet to respond and the case remains in the early pleading stage with no merits ruling in sight.
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Trump to appoint AI policy chief, dismisses safety risks as 'made up'
US President Trump has said he will appoint a director to oversee AI policy, maintaining his stance of pushing technology companies to accelerate development even as concerns over AI safety grow. In a social media post on the 19th, Trump stressed, "We will not do anything to hinder or hold back the growth of this incredible industry in any way," adding, "AI is the next industrial revolution, or perhaps the internet, but its scale and impact will be even greater, and it could account for as much as 25% of our country's gross domestic product." He dismissed concerns that rapidly evolving AI technology poses risks to humans as made up, likening them to warnings about climate change and the scandal that led to two impeachment proceedings during his first term. He also said he would create an AI Force modeled on the Space Force, a branch of the US military established during his first term, though its organizational form and specific role remain unclear. Over the past week, Alphabet's Google, OpenAI, Anthropic, and Meta Platforms have all disclosed cases in which their AI agents improperly infiltrated other companies' systems, calling for a need to slow the pace of developing cutting-edge and highly profitable models.
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Oracle Cloud Revenue Jumps 121% as Backlog Reaches $664 Billion
Oracle Corporation reported on September 10 that its revenue rose 30% in the fiscal first quarter, driven by a 121% jump in cloud infrastructure revenue, the business that rents computing power to AI companies. The company said its remaining performance obligations, the value of contracts signed but not yet delivered, reached $664 billion, more than seven times the revenue it expects this year, and on the back of that backlog Oracle raised its full-year revenue outlook to at least $90 billion. Roughly half of the backlog should turn into revenue within three years, more than three times what the company expects to collect in the whole of this year, and Oracle signed more than $30 billion of new AI cloud deals in the quarter, most structured as prepayments or customers bringing their own hardware. Delivering that backlog is costly: Oracle spent $28.5 billion on data centers and equipment in a single quarter, more than the cash its business generated, free cash flow stayed negative, gross margin fell more than five points to 61%, and a day after the results the company expanded its job-cut plan. Concentration risk looms as well, since a $300 billion contract with OpenAI signed last year begins in 2027 and is close to half of the current backlog, while OpenAI is still losing money. Management has pointed to an investor day in October for a fuller plan on margins and cash flow ahead of the next quarterly report in December.