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SoftBank Reportedly Seeking US$16.5B Loan
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In order to fund its AI project in the US, Japan's SoftBank Group is currently seeking a US$16.5 billion loan, which will mark the largest USD-denominated loan in the group's history, Bloomberg reported, citing sources. It is understood that SoftBank's negotiations with the banks are still in the preliminary stage, and the duration of this transitional loan is about 12 months. SoftBank is not only researching to launch a US$500 billion AI infrastructure project in the US, but it is also leading a new round of US$40 billion financing for OpenAI. AAStocks Financial News |
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