SoftBank’s $30 Billion OpenAI Bet Spurs S&P Credit Outlook Cut

S&P Global Inc. lowered its outlook for SoftBank Group Corp. to negative from stable, saying plans for an additional $30 billion investment in OpenAI may hurt the Japanese company’s liquidity and the credit quality of its assets.

The revised outlook follows SoftBank’s decision last month to deepen its investment in the ChatGPT maker after already injecting more than $30 billion into OpenAI and funding other artificial intelligence ventures. S&P affirmed a “BB+” long-term issuer credit rating on the company, saying SoftBank could limit negative financial impact by selling assets.