Shares of technology companies rose amid optimism about the outlook for artificial-intelligence developments.

Japanese technology investor SoftBank Group said it was planning to invest heavily in artificial-intelligence companies, a niche the Japanese tech conglomerate has long monitored.

To give it fresh firepower, SoftBank has sold out of its remaining stake in Chinese e-retail giant Alibaba Group in recent months.

A Russian court fined Google for refusing to take down material it described as promoting same-sex relationships and discrediting the country's armed forces. Financial technology concern Robinhood Markets rose after the trading app maker said it would offer 24-hour stock-trading capabilities.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

05-11-23 1718ET