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SoftBank taking orders for $10 billion in bonds to fund OpenAI investment, term sheet shows

SoftBank Group Corp is taking investor orders for a $10 billion dollar bond deal to help fund its OpenAI investments, according to a term sheet reviewed by Reuters on Wednesday.

SoftBank taking orders for $10 billion in bonds to fund OpenAI investment, term sheet shows

We haven't written up this one. Economic Times Tech has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

More in AI

US Treasury Secretary Could Take on AI Czar Role, Source Says

Sept 22 (Reuters) - US Treasury Secretary Scott Bessent could become President Donald Trump’s new AI czar, a source familiar with the discussions said on Tuesday, as fears grow among lawmakers in…

  • US Treasury Secretary Scott Bessent may become AI Czar for Trump.
  • Concerns over AI risks escalate despite Trump's downplaying.
  • Bessent participated in AI talks with Chinese official in New York.

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