SoftBank in talks to secure $16.5Bn in loan for AI investments in the US

SoftBank is in discussions to secure a $16.5 billion bridge loan to support its AI investments in the U.S., potentially marking the largest dollar-denominated loan in the company's history. This loan follows SoftBank's recent investment in OpenAI's $40 billion funding round, which values the company at $300 billion.

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The loan is intended to enhance SoftBank's AI expansion, focusing on infrastructure such as data centers and robotics. Notably, SoftBank is a key financial backer of the Stargate AI project, which aims to develop advanced AI infrastructure and create over 100,000 jobs in the U.S. The first phase of this initiative has a budget of $100 billion for high-performance data centers.