SoftBank lines up a new $60bn bond to keep its OpenAI bet funded

The Next Webby Ana-Maria Stanciuctech

Sixty billion dollars is a lot of bond, even by SoftBank Group’s standards. The Japanese conglomerate is reportedly preparing to raise up to that much in fresh debt, according to Bloomberg, a target that would eclipse anything Masayoshi Son’s firm has sold before and that lands squarely behind its swelling bet on OpenAI. The plan […] This story continues at The Next Web

This article was published on The Next Web (thenextweb.com). Read the full article on the original source:

Read full article on The Next Web

More from The Next Web