💨 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
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