Masayoshi Son's SoftBank Negotiates $10B Energy Project Funding With Banks: Report
Portfolio Pulse from Benzinga Neuro
SoftBank Group is negotiating with banks to secure up to $10 billion in funding for energy-related projects, primarily in the U.S., to support global generative AI projects. This move aligns with SoftBank's recent AI investments, including in Perplexity AI, and plans to buy and lease chips from Nvidia.
July 05, 2024 | 3:01 pm
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SoftBank Group is negotiating with banks to secure up to $10 billion in funding for energy-related projects, primarily in the U.S., to support global generative AI projects. This move aligns with SoftBank's recent AI investments, including in Perplexity AI, and plans to buy and lease chips from Nvidia.
The news indicates a significant strategic move by SoftBank to secure funding for energy projects that support its AI initiatives. This aligns with their recent investments and expansion plans, likely boosting investor confidence and positively impacting the stock price in the short term.
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