SoftBank Group has obtained a $15 billion bridge loan with a one-year maturity to support its growing investments in artificial intelligence, according to reports from veritable sources.
The financing will be used to accelerate the company’s AI initiatives, including the development of large-scale infrastructure projects such as the Stargate data center in collaboration with OpenAI. The loan is expected to provide SoftBank with interim capital as it continues to position itself as a major player in the global AI ecosystem.
Further details on the loan structure and participating financial institutions were not immediately disclosed.
Softbank Masayoshi Son Picture from Reuters
