SoftBank in talks to borrow $16 billion to fund AI, The Information reports

(Reuters) - SoftBank Group CEO Masayoshi Son plans to get $16 cardinal to put successful AI, the company's executives told banks past week, The Information tech quality website reported connected Saturday, citing radical acquainted with the matter.

The Japanese exertion capitalist mightiness get different $8 cardinal successful aboriginal 2026, the study added.

Reuters reported successful January that SoftBank is successful talks to put up to $25 cardinal successful ChatGPT proprietor OpenAI, arsenic the Japanese conglomerate continues to grow into the sector.

SoftBank's concern would beryllium connected apical of the $15 cardinal it has already committed to Stargate, Reuters reported citing a idiosyncratic acquainted with the matter.

The Information antecedently reported that SoftBank was readying to put a full $40 cardinal into Stargate and OpenAI and had begun talks to get up to $18.5 cardinal successful financing, backed by its publicly-listed assets.

Stargate is simply a associated task by Oracle, OpenAI and SoftBank, that plans to put up to $500 cardinal to assistance the United States enactment up of China and different rivals successful the planetary AI race.

The task was announced by U.S. President Donald Trump, SoftBank's Son, OpenAI CEO Sam Altman and Oracle Chairman Larry Ellison astatine the White House successful January.

(Reporting by Anusha Shah successful Bengaluru, Editing by William Maclean)