Source: SoftBank plans to borrow $16B to invest in AI, and might borrow another $8B in early 2026, which could strain its already debt-heavy balance sheet
www.cnbc.com/2025/01/30/o... … Casey / @ig.ht : who on earth would loan this money knowing softbank is investing it in what seems to be the least profitable sector in existence [embedded post] Ed Zitron / @edzitron.com : Oh HELL YEAH baby. This is the GOOD SHIT! SoftBank committed $3bn annually to pay OpenAI for services, may have committed up to $25bn in funding to OpenAI's next round, and committed $19bn to co-found the Stargate Data Center with OpenAI. If they're having to borrow this little that's concerning! [embedded post] Michael Love / @elkmovie : Masa Son gonna get another mortgage on his house just to have a little bit more money to throw into the AI hole Mastodon: @Kierkegaanks@beige.party : @Techmeme because they lost all their money on stupid investments X: Amir Efrati / @amir : is this what conviction looks like? Masa's SoftBank taking on tens of billions of dollars in debt to fund OpenAI/Stargate and other AI bets... [image]