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.The Tokyo-based technology group sold 21.

Key Takeaways T-Mobile shares declined after Japanese investment firm SoftBank reportedly sold shares of the company's stock.SoftBank raised $4.8 billion in the deal but sold the shares at a discount to T-Mobile's closing price Monday,

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.