💨 Abstract

SoftBank Group CEO Masayoshi Son plans to borrow $24 billion ($16 billion soon, $8 billion in 2026) to invest in AI, specifically in Stargate and ChatGPT owner OpenAI. This is part of a joint venture with Oracle and OpenAI, aiming to invest up to $500 billion to maintain U.S. leadership in the global AI race. SoftBank has already committed $15 billion to Stargate.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

Powered by MessengerX.io