Reported about 1 year ago
Japanese technology investor SoftBank Group has explored the possibility of borrowing up to $10 billion from banks to invest in energy projects, according to The Information. The group aims to secure funding for power-related ventures through bank loans and other investors. SoftBank intends to increase its power generation efforts, particularly in the U.S., to support generative artificial intelligence projects globally. Additionally, the group has considered creating a special purpose company to purchase Nvidia chips using borrowed funds and then leasing them back to SoftBank.
Source: YAHOO