SoftBank Bets Big on AI With $16B Loan, But Can It Sustain the Risk?
SoftBank Group (SFTBY), led by CEO Masayoshi Son, is making pivotal moves in artificial intelligence (AI). The Japanese tech giant plans to
SoftBank in talks to borrow $16 billion to fund AI, The Information reports
SoftBank Group CEO Masayoshi Son plans to borrow $16 billion to invest in AI, the company's executives told banks last week, The Information tech news website reported on Saturday, citing people familiar with the matter.
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OpenAI, Oracle to build Texas AI data center with thousands of Nvidia chips
Investing.com -- OpenAI and Oracle (NYSE: ORCL) plan to fill a new data center in Texas with billions of dollars worth of Nvidia (NASDAQ: NVDA )’s AI superchips as part of the "Stargate" infrastructure project, Bloomberg reported Thursday, citing unnamed sources.