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🚨🇺🇸 SOFTBANK SEEKS MASSIVE $16.5B AI LOAN IN THE U.S. SoftBank is chasing a record-breaking $16.5 billion bridge loan to bankroll its artificial intelligence investments in the United States. If approved, it would mark the firm’s largest U.S. dollar-denominated facility to https://t.co/ic8Gxac5PU https://t.co/5Rb68tYNE8
🚨BREAKING: MASA SEEKS $16.5 BILLION LOAN FOR SAMA SoftBank Group Corp. seeks $16.5 billion bridge-loan to fund the $40 billion round for OpenAI stargate >The loan with a tenor is still in early stages of discussion with banks https://t.co/U6SW1gvIsL
SoftBank Group Corp. is seeking a record $16.5 billion loan to fund its artificial intelligence investments in the United States, according to sources familiar with the matter. This move would mark the tech giant's largest-ever facility denominated solely in dollars. The bridge loan, which is still in the early stages of discussion with banks, is intended to support SoftBank's AI initiatives in the US, including a potential $40 billion round in OpenAI. The loan, part of the Stargate Project, has a proposed tenor of about 12 months, and details may change as negotiations progress.