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SoftBank is working to finalize a $22.5 billion funding commitment to OpenAI before the end of the year, assembling cash through asset sales, balance-sheet ...
Asset sales, IPO plans, and borrowing options are being used to support SoftBank's OpenAI investment commitment.
SoftBank races to secure a $22.5 billion funding commitment for OpenAI, reshaping its investments to dominate the AI race.
Softbank CEO Masayoshi Son has already slashed staff and sold the company's entire $5.8 billion stake in Nvidia.
SoftBank Group is racing against a December 31 deadline to fulfill a massive $22.5 billion funding commitment to OpenAI.