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SoftBank Accumulates Huge Debt to Secure Funds for OpenAI Investment
15 hour ago /
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Author：小编
SoftBank Group Corp's investment expenditure in OpenAI is escalating steadily. To address this financial challenge, the investment behemoth has opted to ramp up its borrowing while simultaneously trimming its equity holdings. On Thursday, the Tokyo-headquartered conglomerate, helmed by billionaire Masayoshi Son, revealed that in the final quarter of the preceding year, the company (inclusive of its subsidiaries) incurred an extra $27 billion in debt. Apart from the previously disclosed liquidation of $5.8 billion via the sale of Nvidia shares, SoftBank further divested a portion of its stake in T-Mobile, realizing over $3.5 billion in proceeds.
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