SoftBank's $22.5B OpenAI Bet: A Funding Scramble

SoftBank Group is aggressively seeking a $22.5 billion funding commitment for OpenAI, selling off investments and considering margin loans. CEO Masayoshi Son has sold Nvidia and T-Mobile US stakes, slowing other deals and focusing on OpenAI. SoftBank aims to take PayPay public and cash out Didi Global holdings. This fundraising push underscores the challenges of financing large-scale AI projects.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.