SoftBank Seeks Over $11 Billion in Junk Bonds for OpenAI Bet

When the biggest AI bull on earth needs junk bonds to keep buying, that's not conviction. That's a margin call.

SoftBank Group Corp. is seeking the equivalent of more than $11 billion in what would be one of the biggest junk bond deals ever, people familiar with the matter said Monday, as billionaire Masayoshi Son’s conglomerate ramps up its investments in ChatGPT creator OpenAI.

Read it at Bloomberg Markets ↗

← Front page