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SoftBank Seeks Record $16.5 Billion Loan for AI Projects in US

Summary by Bloomberg

SoftBank Group Corp. is seeking a loan of as much as $16.5 billion to help fund artificial intelligence investments in the US, according to people familiar with the matter, in what would be the tech investor’s largest-ever facility denominated solely in dollars.

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sherwood.news

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SoftBank is seeking a $16.5 billion loan for its huge AI plans

SoftBank is bankrolling the $500 billion “Stargate” project and a $30 billion investment in OpenAI....

17 hours ago

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Bloomberg

+2 Reposted by 2 other sources

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SoftBank Seeks Record $16.5 Billion Loan for AI Projects in US

1 day ago·United States

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PYMNTS.com

SoftBank Reportedly Aims to Borrow $16 Billion for AI ‘Stargate’

SoftBank is reportedly seeking up to $16.5 in financing for the so-called “Stargate” AI project. This bridge loan would be the Japanese conglomerate’s largest ever facility denominated in dollars, Bloomberg News reported Tuesday (April 1), citing sources familiar with the matter. The report notes that SoftBank is looking for financing as it tries to launch a $500 billion artificial intelligence (AI) infrastructure effort in the U.S., as well as …

18 hours ago

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The Tech Portal

SoftBank in talks to secure $16.5Bn in loan for AI investments in the US: Bloomberg - The Tech Portal

Hours after it pumped in part of the $40Bn fundraise for OpenAI, SoftBank Group is now reportedly in talks to secure a loan of up to $16.5 billion to support its growing investments in AI across the US. If finalized, this would be the largest US dollar-denominated loan in the history of the Japanese conglomerate, reports Bloomberg. The loan under discussion is structured as a bridge loan with a tenor of approximately 12 months. Discussions with …

1 day ago

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Techmeme

Sources: SoftBank is seeking a bridge loan of as much as $16.5B to help fund AI investments in the US; the loan may help SoftBank lead a $40B round in OpenAI

Bloomberg: Sources: SoftBank is seeking a bridge loan of as much as $16.5B to help fund AI investments in the US; the loan may help SoftBank lead a $40B round in OpenAI — The bridge loan under discussion has a tenor of about 12 months, said the people, who asked not to be identified discussing private matters.

1 day ago·California, United States

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The American Bazaar

SoftBank to invest $1 trillion for AI in the US

Japanese investment firm SoftBank is considering investing over $1 trillion to create industrial parks for artificial intelligence (AI) across the United States, according to a Nikkei report. SoftBank founder and CEO, Masayoshi Son is expected to visit the U.S. soon to discuss his vision for the parks that would likely feature autonomous AI-operated robots, helping solve labor shortages. According to the report, the Japanese investment firm beli…

2 days ago

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