SoftBank Bets Big: Record Bond Sale to Fund OpenAI
Part of composite article AI Giants Spend Billions to Lock In Computing Power as Germany Doubles Data Centers View full article →
SoftBank Group is planning a record sale of high-yield bonds. The Japanese investment giant will use the money to invest in OpenAI, the company behind ChatGPT.
This would be SoftBank's largest high-yield bond sale ever. High-yield bonds, also called "junk bonds," pay higher interest rates because they carry more risk than standard bonds.
The move signals SoftBank's growing confidence in artificial intelligence. OpenAI is one of the world's leading AI companies.
SoftBank has not confirmed the exact size of the bond sale. More details are expected soon.