1 Day
Source:
الاقتصادية
SoftBank Plans $10B Borrowing for OpenAI Stake
SoftBank has sought to obtain a $10 billion loan to finance its investment in the artificial intelligence company, OpenAI. It is noted that SoftBank plans to invest approximately $65 billion in the company by October, using part of the loan to repay a previous $40 billion debt. Bonds valued between $10 billion and $20 billion are expected to be issued to fund its operations, amid increasing spending on AI infrastructure, with companies acquiring more than $410 billion since the beginning of the year to finance AI investments.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)