Kawasaki Heavy Industries is collaborating with companies including Nvidia to integrate AI and robotics, and last month announced a development hub in Silicon Valley. Kawasaki Heavy Industries is finalizing plans to raise about ¥200 billion ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter. The company will decide on the details of the issuance as soon as this week, the sources said. The shares and convertible bonds will be sold mainly to overseas institutional investors, one of the sources said. The plan to raise funds has not been reported earlier. Kawasaki Heavy said in a statement that it is considering various capital strategies including issuing new shares and bonds but that nothing has been decided.

Mr. Schwall's exit comes after Tesla said Friday that its engineering chief, Doug Field, was taking a leave of absence to recharge and spend time with his family. Mr. Field is stepping away from the company for several weeks, according to people familiar with the matter. One person described the absence as a "six-week sabbatical" while Tesla declined to say when he would come back. "He has not left Tesla," a company spokesman said. Mr. Field, a key leader at the auto maker since joining in 2013 from Apple Inc., oversees the engineering of Tesla's vehicles, and last year he was also given oversight of production to better align those efforts.

"Watson is a joke, just to be completely honest," he said in an interview with "Closing Bell" on the sidelines of the Sohn Investment Conference in New York. Watson is named after IBM's first CEO, Thomas J. Watson. He recommended Tesla's convertible bonds at the 22nd annual Sohn Conference, pointing out that it was effectively like buying the equity but with the downside protection of a bond. At last year's Sohn Conference, Palihapitiya recommended Amazon, whose stock is up 40 percent in the past year.

IBM isn't at the forefront of artificial intelligence, Social Capital CEO and founder Chamath Palihapitiya told CNBC on Monday, and he certainly isn't a fan of IBM's Watson. "Watson is a joke, just to be completely honest," he said in an interview with "Closing Bell" on the sidelines of the Sohn Investment Conference in New York. "The companies that are advancing machine learning and AI don't brand it with some nominally specious name that's named after a Sherlock Holmes character." "I think what IBM is excellent at is using their sales and marketing infrastructure to convince people who have asymmetrically less knowledge to pay for something," Palihapitiya added. "I put them and Oracle in somewhat of the same bucket."