SoftBank mulls debt-heavy financing for its AI push


SoftBank Group Corp founder Masayoshi Son. — Bloomberg

TOKYO: A few weeks ago, SoftBank Group Corp founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an artificial intelligence (AI) venture with OpenAI that could cost US$500bil or more. Now Son is figuring out how to pay for it.

The Japanese billionaire is looking at a technique called project financing that is sometimes linked with oil and gas projects, according to sources.

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