SoftBank Group Corp. raised around $4.8 billion through a sale of T-Mobile US Inc. shares, a move that helps fund the Japanese company’s grandiose plans for artificial intelligence.

SoftBank Group is looking to raise up to $4.9bn by selling shares in T-Mobile US through an unregistered overnight block sale, according to deal terms reviewed by Bloomberg News. The funds will support SoftBank's investments in AI,

SoftBank Group raised $4.8 billion by selling its stake in T-Mobile US to fund AI investments. The company's founder, Masayoshi Son, aims to create AI reasoning that is superior to humans.